Marble Design Co (SAU:9575) Effective Interest Rate on Debt % : 4.03% (As of Jun. 2024)

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What is Marble Design 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. Marble Design Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ﷼0.08 Mil. Marble Design Co's average total debt for the quarter that ended in Jun. 2024 was ﷼1.88 Mil. Therefore, Marble Design Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 4.03%.

Marble Design Co Effective Interest Rate on Debt % Historical Data

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

Marble Design Co Annual Data

Trend

Dec22

Dec23

Effective Interest Rate on Debt %

10.98

9.68

Marble Design Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	-	10.53	9.40	4.03

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

For the Building Materials subindustry, Marble Design 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.

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

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

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

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Marble Design Co Effective Interest Rate on Debt % Calculation

Marble Design 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 * -0.119	/	( (0.437	+	2.022)	/ 2 )
=	-1 * -0.119	/	1.2295
=	9.68 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.255	+	0.182
=	0.437

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.504	+	0.518
=	2.022

Marble Design 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 * -0.076	/	( (2.022	+	1.747)	/ 2 )
=	-1 * -0.076	/	1.8845
=	4.03 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.504	+	0.518
=	2.022

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.303	+	0.444
=	1.747

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.

Marble Design Co (SAU:9575) Effective Interest Rate on Debt % Explanation

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

Marble Design Co Effective Interest Rate on Debt % Related Terms

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Marble Design Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Marble Design Co (SAU:9575) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8416 Sadus Industrial Area, Riyadh, SAU, 13968

Website

https://www.marbledesign.sa.com

Marble Design Co is a Saudi based company engaged in executing natural marble projects. The company's principal activities are cutting and sawing marble and installing marble. It owns one of the factories in the region in terms of production capacity and modern technologies.

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