Leen Alkhair Trading Co (SAU:9555) Effective Interest Rate on Debt % : 1.16% (As of Jun. 2024)

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What is Leen Alkhair 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. Leen Alkhair Trading Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ﷼1.1 Mil. Leen Alkhair Trading Co's average total debt for the quarter that ended in Jun. 2024 was ﷼98.7 Mil. Therefore, Leen Alkhair Trading Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 1.16%.

Leen Alkhair Trading Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Leen Alkhair 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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Leen Alkhair Trading Co Effective Interest Rate on Debt % Chart

Leen Alkhair Trading Co Annual Data

Trend

Dec22

Dec23

Effective Interest Rate on Debt %

1.13

4.48

Leen Alkhair Trading Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	-	0.31	1.15	7.66	1.16

Competitive Comparison of Leen Alkhair Trading Co's Effective Interest Rate on Debt %

For the Farm Products subindustry, Leen Alkhair 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.

Leen Alkhair Trading Co's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Leen Alkhair Trading Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Leen Alkhair Trading Co's Effective Interest Rate on Debt % falls into.

Leen Alkhair Trading Co Effective Interest Rate on Debt % Calculation

Leen Alkhair 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 * -3.191	/	( (44.535	+	98.011)	/ 2 )
=	-1 * -3.191	/	71.273
=	4.48 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.044	+	4.491
=	44.535

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	88.84	+	9.171
=	98.011

Leen Alkhair Trading Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -1.142	/	( (98.011	+	99.326)	/ 2 )
=	-1 * -1.142	/	98.6685
=	1.16 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	88.84	+	9.171
=	98.011

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	91.811	+	7.515
=	99.326

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

Leen Alkhair Trading Co (SAU:9555) Effective Interest Rate on Debt % Explanation

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

Leen Alkhair Trading Co Effective Interest Rate on Debt % Related Terms

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Leen Alkhair Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Leen Alkhair Trading Co (SAU:9555) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahd Road, Riyadh, SAU, 12313

Website

https://www.leenalkhair.com

Leen Alkhair Trading Co engages in growing, importing, and distributing fresh vegetables and fruits. Its activities comprise wholesale of fruits, vegetables, dates, dairy products, eggs, and egg products. In addition. it also wholesale meat, meat products, frozen meat and poultry, sugar, and its products among others.

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