Natural Gas Distribution Co (SAU:9516) Effective Interest Rate on Debt % : 0.74% (As of Dec. 2024)

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What is Natural Gas Distribution 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. Natural Gas Distribution Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was ﷼0.0 Mil. Natural Gas Distribution Co's average total debt for the quarter that ended in Dec. 2024 was ﷼6.5 Mil. Therefore, Natural Gas Distribution Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 0.74%.

Natural Gas Distribution Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Natural Gas Distribution 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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Natural Gas Distribution Co Effective Interest Rate on Debt % Chart

Natural Gas Distribution Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

1.52

1.43

1.10

1.00

0.80

Natural Gas Distribution Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				-	1.01	1.01	1.02	0.74

Competitive Comparison of Natural Gas Distribution Co's Effective Interest Rate on Debt %

For the Utilities - Regulated Gas subindustry, Natural Gas Distribution 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.

Natural Gas Distribution Co's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Natural Gas Distribution Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Natural Gas Distribution Co's Effective Interest Rate on Debt % falls into.

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Natural Gas Distribution Co Effective Interest Rate on Debt % Calculation

Natural Gas Distribution 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 * -0.062	/	( (8.7	+	6.777)	/ 2 )
=	-1 * -0.062	/	7.7385
=	0.80 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.07	+	5.63
=	8.7

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.336	+	3.441
=	6.777

Natural Gas Distribution Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -0.048	/	( (6.14	+	6.777)	/ 2 )
=	-1 * -0.048	/	6.4585
=	0.74 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	6.14
=	6.14

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.336	+	3.441
=	6.777

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

Natural Gas Distribution Co (SAU:9516) Effective Interest Rate on Debt % Explanation

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

Natural Gas Distribution Co Effective Interest Rate on Debt % Related Terms

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Natural Gas Distribution Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Natural Gas Distribution Co (SAU:9516) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Kharj Road, P.O. 000512, Second Industrial City, Riyadh, SAU, 11382

Website

http://www.ngdc.com.sa

Natural Gas Distribution Co owns and maintains natural gas networks. The company.s activity is the distribution of gaseous fuels through pipes and gas pipelines, their maintenance and repair, the wholesale sale of gaseous fuels, and the transportation of natural gas through pipelines. Its core business is to supply the factories located in the second industrial city of Riyadh. The company is supplied with natural gas from Saudi Aramco through the main pipeline. Its services include the operation and maintenance of natural gas networks.

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