Saudi Cable Co (SAU:2110) Effective Interest Rate on Debt % : 0.16% (As of Sep. 2024)

View and export this data going back to . Start your Free Trial

What is Saudi Cable Co 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. Saudi Cable Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ﷼0.18 Mil. Saudi Cable Co's average total debt for the quarter that ended in Sep. 2024 was ﷼110.72 Mil. Therefore, Saudi Cable Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 0.16%.

Saudi Cable Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Saudi Cable Co'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.

* Premium members only.

Saudi Cable Co Effective Interest Rate on Debt % Chart

Saudi Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

3.92

4.40

5.86

3.21

0.45

Saudi Cable Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.51	-6.02	1.10	0.15	0.16

Competitive Comparison of Saudi Cable Co's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Saudi Cable Co'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.

Saudi Cable Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Saudi Cable Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Saudi Cable Co's Effective Interest Rate on Debt % falls into.

Save Embed

;

Save Embed

;

Saudi Cable Co Effective Interest Rate on Debt % Calculation

Saudi Cable Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -1.325	/	( (472.871	+	110.613)	/ 2 )
=	-1 * -1.325	/	291.742
=	0.45 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.07	+	462.801
=	472.871

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.474	+	107.139
=	110.613

Saudi Cable Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -0.176	/	( (110.702	+	110.745)	/ 2 )
=	-1 * -0.176	/	110.7235
=	0.16 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.717	+	108.985
=	110.702

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.836	+	108.909
=	110.745

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 (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Saudi Cable Co (SAU:2110) Effective Interest Rate on Debt % Explanation

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

Saudi Cable Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Saudi Cable Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Saudi Cable Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Saudi Cable Co (SAU:2110) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial Area Phase 2, P. O. Box 4403, Jeddah, SAU, 21491

Website

http://www.saudicable.com

Saudi Cable Co and its subsidiaries are engaged in manufacturing and supplying electrical and telecommunication cables, copper rod, PVC compounds, wooden reels and related products. It is also engaged in the contracting, trading, distribution and supply of cables, electronic products, information technology products and related accessories. The company has the following main business segments: Sale of manufactured goods, which derives key revenue; and Turnkey power and telecommunication projects. Geographically, the company operations are carried out in the Kingdom of Saudi Arabia, Turkey and others, of which Saudi Arabia generates maximum revenue to the company.

Saudi Cable Co Headlines

No Headlines