AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Effective Interest Rate on Debt % : 5.72% (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is AlMuneef Co For Trade Industry Agriculture And Contracting 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. AlMuneef Co For Trade Industry Agriculture And Contracting's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ﷼0.3 Mil. AlMuneef Co For Trade Industry Agriculture And Contracting's average total debt for the quarter that ended in Dec. 2023 was ﷼4.9 Mil. Therefore, AlMuneef Co For Trade Industry Agriculture And Contracting's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.72%.

AlMuneef Co For Trade Industry Agriculture And Contracting Effective Interest Rate on Debt % Historical Data

The historical data trend for AlMuneef Co For Trade Industry Agriculture And Contracting'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.

AlMuneef Co For Trade Industry Agriculture And Contracting Effective Interest Rate on Debt % Chart

AlMuneef Co For Trade Industry Agriculture And Contracting Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

4.00

4.51

AlMuneef Co For Trade Industry Agriculture And Contracting Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	-	4.93	3.53	5.72

Competitive Comparison of AlMuneef Co For Trade Industry Agriculture And Contracting's Effective Interest Rate on Debt %

For the Agricultural Inputs subindustry, AlMuneef Co For Trade Industry Agriculture And Contracting'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.

AlMuneef Co For Trade Industry Agriculture And Contracting's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, AlMuneef Co For Trade Industry Agriculture And Contracting's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where AlMuneef Co For Trade Industry Agriculture And Contracting's Effective Interest Rate on Debt % falls into.

AlMuneef Co For Trade Industry Agriculture And Contracting Effective Interest Rate on Debt % Calculation

AlMuneef Co For Trade Industry Agriculture And Contracting'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 * -0.232	/	( (5.439	+	4.86)	/ 2 )
=	-1 * -0.232	/	5.1495
=	4.51 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.502	+	0.937
=	5.439

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.788	+	1.072
=	4.86

AlMuneef Co For Trade Industry Agriculture And Contracting's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.282	/	( (4.997	+	4.86)	/ 2 )
=	-1 * -0.282	/	4.9285
=	5.72 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.935	+	1.062
=	4.997

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.788	+	1.072
=	4.86

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Effective Interest Rate on Debt % Explanation

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

AlMuneef Co For Trade Industry Agriculture And Contracting Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of AlMuneef Co For Trade Industry Agriculture And Contracting's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No. 5065, Unit No. 1, Al-Manakh District, Riyadh, SAU, 14314

Website

https://www.almuneef.com

AlMuneef Co For Trade Industry Agriculture And Contracting is engaged in the business which includes operating quarries, cutting and sawing marble, renovation of residential and non-residential buildings, wholesale of chemical fertilizers and soil conditioners, and pesticides, as listed in the commercial register. wholesale of pesticides, wholesale of health pesticides, and retail of pesticides. Fuel for automobiles and motorcycles (gas stations), retail of seedlings and saplings of agricultural products, retail of plant seeds, fertilizers, and soil conditioners, retail of agricultural pesticides, land transportation of goods, silo storage of grains, flour, and agricultural products.

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Headlines

No Headlines