United Finance CoOG (MUS:UFCI) Effective Interest Rate on Debt % : 5.74% (As of Mar. 2023)

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What is United Finance CoOG Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. United Finance CoOG's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ر.ع2.28 Mil. United Finance CoOG's average total debt for the quarter that ended in Mar. 2023 was ر.ع39.78 Mil. Therefore, United Finance CoOG's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 5.74%.

United Finance CoOG Effective Interest Rate on Debt % Historical Data

The historical data trend for United Finance CoOG's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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United Finance CoOG Effective Interest Rate on Debt % Chart

United Finance CoOG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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4.82

5.96

6.16

6.01

5.51

United Finance CoOG Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.82	5.62	5.48	5.52	5.74

Competitive Comparison of United Finance CoOG's Effective Interest Rate on Debt %

For the Credit Services subindustry, United Finance CoOG's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

United Finance CoOG's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, United Finance CoOG's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where United Finance CoOG's Effective Interest Rate on Debt % falls into.

United Finance CoOG Effective Interest Rate on Debt % Calculation

United Finance CoOG's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -1.768	/	( (27.947	+	36.206)	/ 2 )
=	-1 * -1.768	/	32.0765
=	5.51 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27.947	+	0
=	27.947

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.206	+	0
=	36.206

United Finance CoOG's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -2.284	/	( (36.206	+	43.359)	/ 2 )
=	-1 * -2.284	/	39.7825
=	5.74 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.206	+	0
=	36.206

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43.359	+	0
=	43.359

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

United Finance CoOG (MUS:UFCI) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

United Finance CoOG Effective Interest Rate on Debt % Related Terms

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United Finance CoOG (MUS:UFCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » United Finance Co SAOG (MUS:UFCI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ruwi, P.O Box 3652, Muscat, OMN, 112

Website

https://www.ufcoman.com

United Finance Co SAOG is engaged in providing vehicle and equipment financing. The operating segments of the group are Corporate and Retail. It is also licensed to provide composite loans, bridge loans, hire purchases, debt factoring, and financing of receivables and leasing in the Sultanate of Oman. The company offers a wide range of financing products, corporate deposits, and Bancassurance.

United Finance CoOG (MUS:UFCI) Headlines

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