Al-Modawat Specialized Medical Co (SAU:9594) Effective Interest Rate on Debt % : 22.62% (As of Jun. 2024)

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What is Al-Modawat Specialized Medical 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. Al-Modawat Specialized Medical Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ﷼1.13 Mil. Al-Modawat Specialized Medical Co's average total debt for the quarter that ended in Jun. 2024 was ﷼4.98 Mil. Therefore, Al-Modawat Specialized Medical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 22.62%.

Al-Modawat Specialized Medical Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Al-Modawat Specialized Medical 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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Al-Modawat Specialized Medical Co Effective Interest Rate on Debt % Chart

Al-Modawat Specialized Medical Co Annual Data

Trend

Dec22

Dec23

Effective Interest Rate on Debt %

33.89

47.68

Al-Modawat Specialized Medical Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	-	40.69	54.67	22.62

Competitive Comparison of Al-Modawat Specialized Medical Co's Effective Interest Rate on Debt %

For the Medical Care Facilities subindustry, Al-Modawat Specialized Medical 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.

Al-Modawat Specialized Medical Co's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Al-Modawat Specialized Medical Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Al-Modawat Specialized Medical Co's Effective Interest Rate on Debt % falls into.

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Al-Modawat Specialized Medical Co Effective Interest Rate on Debt % Calculation

Al-Modawat Specialized Medical 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 * -1.323	/	( (2.777	+	2.773)	/ 2 )
=	-1 * -1.323	/	2.775
=	47.68 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.904	+	0.873
=	2.777

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.925	+	0.848
=	2.773

Al-Modawat Specialized Medical 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 * -1.126	/	( (2.773	+	7.184)	/ 2 )
=	-1 * -1.126	/	4.9785
=	22.62 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.925	+	0.848
=	2.773

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.663	+	3.521
=	7.184

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.

Al-Modawat Specialized Medical Co (SAU:9594) Effective Interest Rate on Debt % Explanation

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

Al-Modawat Specialized Medical Co Effective Interest Rate on Debt % Related Terms

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Al-Modawat Specialized Medical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Al-Modawat Specialized Medical Co (SAU:9594) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kingdom of Saudi Arabia, P.O. Box 176, Muhayil, SAU

Website

https://www.almodawat.sa

Al-Modawat Specialized Medical Co is a company engaged in Pharmacy activities, drug warehouse activities, other activities for selling pharmaceutical, medical and cosmetic products and retail toiletries in specialized stores, public hospitals.

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