ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Effective Interest Rate on Debt % : 5.31% (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is ADNOC Drilling Company 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. ADNOC Drilling Company PJSC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was د.إ439 Mil. ADNOC Drilling Company PJSC's average total debt for the quarter that ended in Mar. 2024 was د.إ8,260 Mil. Therefore, ADNOC Drilling Company PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.31%.

ADNOC Drilling Company PJSC Effective Interest Rate on Debt % Historical Data

The historical data trend for ADNOC Drilling Company 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.

ADNOC Drilling Company PJSC Effective Interest Rate on Debt % Chart

ADNOC Drilling Company PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

3.53

1.66

1.15

2.27

4.01

ADNOC Drilling Company PJSC Quarterly Data
	Dec18	Dec19	Jun20	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												4.24	4.23	3.58	4.63	5.31

Competitive Comparison of ADNOC Drilling Company PJSC's Effective Interest Rate on Debt %

For the Oil & Gas Drilling subindustry, ADNOC Drilling Company 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.

ADNOC Drilling Company PJSC's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ADNOC Drilling Company PJSC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where ADNOC Drilling Company PJSC's Effective Interest Rate on Debt % falls into.

ADNOC Drilling Company PJSC Effective Interest Rate on Debt % Calculation

ADNOC Drilling Company 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 * -273.922	/	( (5655.513	+	8012.58)	/ 2 )
=	-1 * -273.922	/	6834.0465
=	4.01 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	75.693	+	5579.82
=	5655.513

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7877.292	+	135.288
=	8012.58

ADNOC Drilling Company 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 * -438.588	/	( (8012.58	+	8507.128)	/ 2 )
=	-1 * -438.588	/	8259.854
=	5.31 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7877.292	+	135.288
=	8012.58

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8247.34	+	259.788
=	8507.128

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.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Effective Interest Rate on Debt % Explanation

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

ADNOC Drilling Company PJSC Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of ADNOC Drilling Company PJSC's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O Box 4017, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Drilling Company PJSC is engaged in providing drilling services and supporting marine equipment, and the hiring out of onshore and offshore drilling rigs on behalf of related parties involved in onshore and offshore oil and gas exploration. The operating business segments are Onshore, Offshore Jack-up, Offshore Island, and OilField Service, with maximum revenue from Onshore segment.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Headlines

No Headlines