Carbacid Investments (NAI:CARB) Effective Interest Rate on Debt % : 96.70% (As of Jan. 2024)

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What is Carbacid Investments 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. Carbacid Investments's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was KES265 Mil. Carbacid Investments's average total debt for the quarter that ended in Jan. 2024 was KES274 Mil. Therefore, Carbacid Investments's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 96.70%.

Carbacid Investments Effective Interest Rate on Debt % Historical Data

The historical data trend for Carbacid Investments'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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Carbacid Investments Effective Interest Rate on Debt % Chart

Carbacid Investments Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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3.87

9.07

Carbacid Investments Semi-Annual Data
	Jul11	Jul12	Jul13	Jul14	Jul15	Jul16	Jul17	Jul18	Jul19	Jul20	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											-	301.89	300.45	89.70	96.70

Competitive Comparison of Carbacid Investments's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Carbacid Investments'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.

Carbacid Investments's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Carbacid Investments's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Carbacid Investments's Effective Interest Rate on Debt % falls into.

Carbacid Investments Effective Interest Rate on Debt % Calculation

Carbacid Investments's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -16.435	/	( (88.035	+	274.332)	/ 2 )
=	-1 * -16.435	/	181.1835
=	9.07 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.197	+	47.838
=	88.035

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	205.491	+	68.841
=	274.332

Carbacid Investments's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jul. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -265.292	/	( (274.332	+	0)	/ 1 )
=	-1 * -265.292	/	274.332
=	96.70 %

where

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	205.491	+	68.841
=	274.332

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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 two times the semi-annual (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Carbacid Investments (NAI:CARB) Effective Interest Rate on Debt % Explanation

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

Carbacid Investments Effective Interest Rate on Debt % Related Terms

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Carbacid Investments Business Description

Industry

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Traded in Other Exchanges

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Address

Eldama Ravine Close, Off Eldama Ravine Road, PO Box 764, ALN House, Westlands, Nairobi, KEN, 00606

Website

https://www.carbacid.com

Carbacid Investments PLC is an investment and holding company with three subsidiaries. The main activities of the business are mining and marketing of carbon dioxide gas and investment. These are organized in the following operating segments, Trading, and Investment. It derives substantial revenue from trading activities. It caters to domestic and overseas markets. Key revenue is derived from the sale of Carbon dioxide gas.