Zahrat Al Waha for Trading Co (SAU:3007) Effective Interest Rate on Debt % : 7.32% (As of Mar. 2024)

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What is Zahrat Al Waha for Trading 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. Zahrat Al Waha for Trading Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ﷼18.3 Mil. Zahrat Al Waha for Trading Co's average total debt for the quarter that ended in Mar. 2024 was ﷼250.2 Mil. Therefore, Zahrat Al Waha for Trading Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.32%.

Zahrat Al Waha for Trading Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zahrat Al Waha for Trading 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.

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Zahrat Al Waha for Trading Co Effective Interest Rate on Debt % Chart

Zahrat Al Waha for Trading Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.81

4.02

3.20

5.24

6.61

Zahrat Al Waha for Trading Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.17	8.70	7.62	7.02	7.32

Competitive Comparison of Zahrat Al Waha for Trading Co's Effective Interest Rate on Debt %

For the Packaging & Containers subindustry, Zahrat Al Waha for Trading 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.

Zahrat Al Waha for Trading Co's Effective Interest Rate on Debt % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zahrat Al Waha for Trading Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zahrat Al Waha for Trading Co's Effective Interest Rate on Debt % falls into.

Zahrat Al Waha for Trading Co Effective Interest Rate on Debt % Calculation

Zahrat Al Waha for Trading 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 * -16.689	/	( (254.122	+	250.922)	/ 2 )
=	-1 * -16.689	/	252.522
=	6.61 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.53	+	243.592
=	254.122

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.03	+	222.892
=	250.922

Zahrat Al Waha for Trading Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -18.324	/	( (250.922	+	249.426)	/ 2 )
=	-1 * -18.324	/	250.174
=	7.32 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.03	+	222.892
=	250.922

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.959	+	222.467
=	249.426

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

Zahrat Al Waha for Trading Co (SAU:3007) Effective Interest Rate on Debt % Explanation

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

Zahrat Al Waha for Trading Co Effective Interest Rate on Debt % Related Terms

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Zahrat Al Waha for Trading Co (SAU:3007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zahrat Al Waha for Trading Co (SAU:3007) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

Al Rabwa, Al Ihsa Street, P.O. Box 2980, Unit no 1, Building 7449, Riyadh, SAU, 12814

Website

http://www.zaoasis.com

Zahrat Al Waha for Trading Co is a producer of PET preform and HDPE closure (caps) products. The principal activities of the company include the manufacture of semi-finished products from plastics, the manufacture of cans and boxes from plastics, the manufacture of bottles of various forms from plastics, the manufacture of products from plastics using the Roto mold method. The company operates in two segments namely the plastic bottles preforms which includes manufacturing and selling of plastic preforms and the plastic caps which includes manufacturing and selling of plastic caps.

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