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Meyar Co (SAU:9565) Effective Interest Rate on Debt % : 8.93% (As of Dec. 2024)


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What is Meyar 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. Meyar Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was ﷼1.55 Mil. Meyar Co's average total debt for the quarter that ended in Dec. 2024 was ﷼17.36 Mil. Therefore, Meyar Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 8.93%.


Meyar Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Meyar 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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Meyar Co Effective Interest Rate on Debt % Chart

Meyar Co Annual Data
Trend Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
0.93 5.21 6.87

Meyar Co Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Effective Interest Rate on Debt % Get a 7-Day Free Trial 0.96 3.64 7.27 6.21 8.93

Competitive Comparison of Meyar Co's Effective Interest Rate on Debt %

For the Building Materials subindustry, Meyar 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.


Meyar Co's Effective Interest Rate on Debt % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Meyar Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


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Meyar Co Effective Interest Rate on Debt % Calculation

Meyar 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  *  -1.314/( (19.127+19.143)/ 2 )
=-1  *  -1.314/19.135
=6.87 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.171 + 3.956
=19.127

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.829 + 10.314
=19.143

Meyar 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  *  -1.55/( (15.569+19.143)/ 2 )
=-1  *  -1.55/17.356
=8.93 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.247 + 4.322
=15.569

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.829 + 10.314
=19.143

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


Meyar Co  (SAU:9565) Effective Interest Rate on Debt % Explanation

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


Meyar Co Effective Interest Rate on Debt % Related Terms

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Meyar Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
Prince Badr Bin Abdul Aziz Street, Majma'a - Al-Basira, Building No. 3467, Harmah, SAU, 15363
Meyar Co engages in the manufacture of hollow cement blocks and bricks, ready-mixed concrete, and precast insulated concrete. It also engages in the general construction of residential buildings, non-residential buildings, such as schools, hospitals, hotels, and government buildings.

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