Rasan Information Technology Co (SAU:8313) Effective Interest Rate on Debt % : 19.79% (As of Mar. 2025)

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What is Rasan Information Technology 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. Rasan Information Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ﷼1.0 Mil. Rasan Information Technology Co's average total debt for the quarter that ended in Mar. 2025 was ﷼5.0 Mil. Therefore, Rasan Information Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 19.79%.

Rasan Information Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Rasan Information Technology 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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Rasan Information Technology Co Effective Interest Rate on Debt % Chart

Rasan Information Technology Co Annual Data

Trend

Dec23

Dec24

Effective Interest Rate on Debt %

7.03

6.99

Rasan Information Technology Co Quarterly Data
	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			10.16	12.35	11.80	-6.91	19.79

Competitive Comparison of Rasan Information Technology Co's Effective Interest Rate on Debt %

For the Insurance Brokers subindustry, Rasan Information Technology 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.

Rasan Information Technology Co's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Rasan Information Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Rasan Information Technology Co's Effective Interest Rate on Debt % falls into.

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Rasan Information Technology Co Effective Interest Rate on Debt % Calculation

Rasan Information Technology Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -0.271	/	( (3.897	+	3.854)	/ 2 )
=	-1 * -0.271	/	3.8755
=	6.99 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.358	+	1.539
=	3.897

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.027	+	1.827
=	3.854

Rasan Information Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -0.996	/	( (3.854	+	6.21)	/ 2 )
=	-1 * -0.996	/	5.032
=	19.79 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.027	+	1.827
=	3.854

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.456	+	2.754
=	6.21

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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Rasan Information Technology Co (SAU:8313) Effective Interest Rate on Debt % Explanation

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

Rasan Information Technology Co Effective Interest Rate on Debt % Related Terms

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Rasan Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Rasan Information Technology Co (SAU:8313) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3413, Al Thumama Road, 1st Floor, Al-Jadah Square, Qurtuba District, Riyadh, SAU, 13248

Website

https://www.rasan.co

Rasan Information Technology Co is engaged in online wholesale, electronic publishing, ready software publishing, systems analysis, design and customization of program software, software maintenance, web page design, setting up of web page hosting infrastructure, providing SMS design, and website design. Currently, it is engaged in providing insurance aggregator, online auto auction, and online leasing insurance services. The company's operating segments include Tameeni-Motors, Tameeni-Health, Leasing, Awal Mazad, and R Solutions. Maximum revenue is derived from the Tameeni Motors segment which offers a B2C digital platform providing vehicle owners access to motor insurers.

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