Riyadh Steel Co (SAU:9588) Effective Interest Rate on Debt % : 4.73% (As of Jun. 2024)

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What is Riyadh Steel 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. Riyadh Steel Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ﷼1.8 Mil. Riyadh Steel Co's average total debt for the quarter that ended in Jun. 2024 was ﷼38.2 Mil. Therefore, Riyadh Steel Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 4.73%.

Riyadh Steel Co Effective Interest Rate on Debt % Historical Data

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

Riyadh Steel Co Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

3.07

2.59

Riyadh Steel Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	2.96	23.02	-1.50	4.73

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

For the Steel subindustry, Riyadh Steel 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.

Riyadh Steel Co's Effective Interest Rate on Debt % Distribution in the Steel Industry

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

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

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Riyadh Steel Co Effective Interest Rate on Debt % Calculation

Riyadh Steel 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 * -0.594	/	( (7.645	+	38.184)	/ 2 )
=	-1 * -0.594	/	22.9145
=	2.59 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.449	+	4.196
=	7.645

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.346	+	19.838
=	38.184

Riyadh Steel 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 * -1.808	/	( (38.184	+	0)	/ 1 )
=	-1 * -1.808	/	38.184
=	4.73 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.346	+	19.838
=	38.184

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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.

Riyadh Steel Co (SAU:9588) Effective Interest Rate on Debt % Explanation

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

Riyadh Steel Co Effective Interest Rate on Debt % Related Terms

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Riyadh Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Riyadh Steel Co (SAU:9588) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Abdullah bin Saud bin Abdulaziz Road, Al-Shuhada District, Office No. 35, Building No. 4578, Riyadh, SAU, 13241

Website

https://www.riyadhsteel.com.sa

Riyadh Steel Co is a steel manufacturing company working in all stages of production of scrap, flat bars, and angle bars . It provides products such as Steel Scrap, Billets, and ASTM A36 standard Flat and Angle bars.

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