GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) » Definitions » Effective Interest Rate on Debt %

Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Effective Interest Rate on Debt % : 380.72% (As of Mar. 2024)


View and export this data going back to 2003. Start your Free Trial

What is Abu Dhabi National Insurance Co PJSC 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. Abu Dhabi National Insurance Co PJSC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was د.إ190 Mil. Abu Dhabi National Insurance Co PJSC's average total debt for the quarter that ended in Mar. 2024 was د.إ50 Mil. Therefore, Abu Dhabi National Insurance Co PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 380.72%.


Abu Dhabi National Insurance Co PJSC Effective Interest Rate on Debt % Historical Data

The historical data trend for Abu Dhabi National Insurance Co PJSC'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.

Abu Dhabi National Insurance Co PJSC Effective Interest Rate on Debt % Chart

Abu Dhabi National Insurance Co PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 457.24 - 254.87 293.41 366.50

Abu Dhabi National Insurance Co PJSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 92.64 569.63 367.37 504.24 380.72

Competitive Comparison of Abu Dhabi National Insurance Co PJSC's Effective Interest Rate on Debt %

For the Insurance - Diversified subindustry, Abu Dhabi National Insurance Co PJSC'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.


Abu Dhabi National Insurance Co PJSC's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Abu Dhabi National Insurance Co PJSC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Abu Dhabi National Insurance Co PJSC's Effective Interest Rate on Debt % falls into.



Abu Dhabi National Insurance Co PJSC Effective Interest Rate on Debt % Calculation

Abu Dhabi National Insurance Co PJSC'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  *  -162.728/( (44.4+0)/ 1 )
=-1  *  -162.728/44.4
=366.50 %

where

Abu Dhabi National Insurance Co PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -190.36/( (0+50)/ 1 )
=-1  *  -190.36/50
=380.72 %

where

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


Abu Dhabi National Insurance Co PJSC  (ADX:ADNIC) Effective Interest Rate on Debt % Explanation

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


Abu Dhabi National Insurance Co PJSC Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Abu Dhabi National Insurance Co PJSC's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Business Description

Traded in Other Exchanges
N/A
Address
Khalifa Street, P.O. Box 839, ADNIC Building No. 403, Abu Dhabi, ARE
Abu Dhabi National Insurance Co PJSC is an insurance company providing insurance services to individuals and corporates. It provides life and non-life insurance and a range of customizable and scalable insurance products and services. The company operates its business in two segments: The Underwriting of commercial lines of business incorporates all classes of general insurance including marine cargo, marine hull, aviation, energy, property, and engineering; and The Underwriting of a consumer line of business incorporates all classes of insurance including accident, motor, life, and medical. The company generates the maximum of its premiums from the commercial segment.

Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Headlines

No Headlines