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Atlas Elevators General Trading and Contracting Co (SAU:9578) Effective Interest Rate on Debt % : 4.28% (As of Jun. 2024)


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What is Atlas Elevators General Trading and Contracting 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. Atlas Elevators General Trading and Contracting Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ﷼0.20 Mil. Atlas Elevators General Trading and Contracting Co's average total debt for the quarter that ended in Jun. 2024 was ﷼4.63 Mil. Therefore, Atlas Elevators General Trading and Contracting Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 4.28%.

Atlas Elevators General Trading and Contracting Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Atlas Elevators General Trading and Contracting 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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Atlas Elevators General Trading and Contracting Co Effective Interest Rate on Debt % Chart

Atlas Elevators General Trading and Contracting Co Annual Data
Trend Dec22 Dec23
Effective Interest Rate on Debt %
2.95 4.77

Atlas Elevators General Trading and Contracting Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
Effective Interest Rate on Debt % - 4.41 5.47 4.28

Competitive Comparison of Atlas Elevators General Trading and Contracting Co's Effective Interest Rate on Debt %

For the Industrial Distribution subindustry, Atlas Elevators General Trading and Contracting 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.

Atlas Elevators General Trading and Contracting Co's Effective Interest Rate on Debt % Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Atlas Elevators General Trading and Contracting Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Atlas Elevators General Trading and Contracting Co's Effective Interest Rate on Debt % falls into.


Atlas Elevators General Trading and Contracting Co Effective Interest Rate on Debt % Calculation

Atlas Elevators General Trading and Contracting 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  *  -0.33/( (8.987+4.862)/ 2 )
=-1  *  -0.33/6.9245
=4.77 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.565 + 5.422
=8.987

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.759 + 2.103
=4.862

Atlas Elevators General Trading and Contracting 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  *  -0.198/( (4.862+4.397)/ 2 )
=-1  *  -0.198/4.6295
=4.28 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.759 + 2.103
=4.862

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.185 + 2.212
=4.397

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

Atlas Elevators General Trading and Contracting Co  (SAU:9578) Effective Interest Rate on Debt % Explanation

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

Atlas Elevators General Trading and Contracting Co Effective Interest Rate on Debt % Related Terms

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Atlas Elevators General Trading and Contracting Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Atlas Elevators General Trading and Contracting Co (SAU:9578) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
GWW FAST FERG WSO POOL CNM AIT ASX:REH OSTO:INDT WCC OSTO:ADDT B LSE:DPLM TSX:TIH BECN SITE WBO:ANDR MSM LSE:RS1 TSX:FTT REZI
Traded in Other Exchanges
N/A
Address
Area 223 Block1, Building 96, Beside fire station, Kuwait, SAU
Website
https://www.atlaslifts-sa.net
Atlas Elevators General Trading and Contracting Co is a company specializing in the supply, sale, installation and maintenance of the highest-quality elevators, hydraulic lifts and escalators, all conforming to European standards. It has has four Kuwaiti branches in Hawalli, Ardiya, Al Rai and Al Jahra also operate's in Saudi Arabia, Qatar, Bahrain and Oman.

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