GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al-Etihad Cooperative Insurance Co (SAU:8170) » Definitions » Effective Interest Rate on Debt %

Al-Etihad Cooperative Insurance Co (SAU:8170) Effective Interest Rate on Debt % : 4.91% (As of Sep. 2024)


View and export this data going back to 2008. Start your Free Trial

What is Al-Etihad Cooperative Insurance 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. Al-Etihad Cooperative Insurance Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ﷼0 Mil. Al-Etihad Cooperative Insurance Co's average total debt for the quarter that ended in Sep. 2024 was ﷼3 Mil. Therefore, Al-Etihad Cooperative Insurance Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 4.91%.


Al-Etihad Cooperative Insurance Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Al-Etihad Cooperative Insurance 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.

Al-Etihad Cooperative Insurance Co Effective Interest Rate on Debt % Chart

Al-Etihad Cooperative Insurance 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 Premium Member Only Premium Member Only 6.01 1.96 3.94 4.83 3.90

Al-Etihad Cooperative Insurance 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.03 4.20 4.75 4.00 4.91

Competitive Comparison of Al-Etihad Cooperative Insurance Co's Effective Interest Rate on Debt %

For the Insurance - Diversified subindustry, Al-Etihad Cooperative Insurance 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.


Al-Etihad Cooperative Insurance Co's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Al-Etihad Cooperative Insurance Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Al-Etihad Cooperative Insurance Co's Effective Interest Rate on Debt % falls into.



Al-Etihad Cooperative Insurance Co Effective Interest Rate on Debt % Calculation

Al-Etihad Cooperative Insurance 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  *  -0.257/( (7.342+5.846)/ 2 )
=-1  *  -0.257/6.594
=3.90 %

where

Al-Etihad Cooperative Insurance 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  *  -0.128/( (2.815+2.397)/ 2 )
=-1  *  -0.128/2.606
=4.91 %

where

* 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.

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.


Al-Etihad Cooperative Insurance Co  (SAU:8170) Effective Interest Rate on Debt % Explanation

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


Al-Etihad Cooperative Insurance Co Effective Interest Rate on Debt % Related Terms

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


Al-Etihad Cooperative Insurance Co Business Description

Traded in Other Exchanges
N/A
Address
8514 King Fahad bin Abdulaziz Road, P. O. Box 1022, Al Abdulkarim Tower, Unit No 15, Al-Qashlah District, Dhahran, SAU, 34232-4233
Al-Etihad Cooperative Insurance Co provides insurance and reinsurance services in Saudi Arabia. It offers services through the segments of Medical insurance, Property insurance, Engineering, Motor insurance, General accident, and others.

Al-Etihad Cooperative Insurance Co Headlines

No Headlines