Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Effective Interest Rate on Debt % : 4.96% (As of Mar. 2024)

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What is Abu Dhabi Ports 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 Ports Co PJSC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was د.إ829 Mil. Abu Dhabi Ports Co PJSC's average total debt for the quarter that ended in Mar. 2024 was د.إ16,713 Mil. Therefore, Abu Dhabi Ports Co PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.96%.

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

The historical data trend for Abu Dhabi Ports 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.

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Abu Dhabi Ports Co PJSC Effective Interest Rate on Debt % Chart

Abu Dhabi Ports Co PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

14.34

8.08

6.08

2.26

3.77

Abu Dhabi Ports Co PJSC Quarterly Data
	Dec18	Dec19	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											7.10	5.62	5.94	-1.16	4.96

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

For the Marine Shipping subindustry, Abu Dhabi Ports 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 Ports Co PJSC's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Abu Dhabi Ports Co PJSC's Effective Interest Rate on Debt % distribution charts can be found below:

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

Abu Dhabi Ports Co PJSC Effective Interest Rate on Debt % Calculation

Abu Dhabi Ports 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 * -417.374	/	( (5981.774	+	16181.064)	/ 2 )
=	-1 * -417.374	/	11081.419
=	3.77 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4515.827	+	1465.947
=	5981.774

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15621.834	+	559.23
=	16181.064

Abu Dhabi Ports 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 * -828.84	/	( (16181.064	+	17244.631)	/ 2 )
=	-1 * -828.84	/	16712.8475
=	4.96 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15621.834	+	559.23
=	16181.064

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16469.608	+	775.023
=	17244.631

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 Ports Co PJSC (ADX:ADPORTS) 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 Ports Co PJSC Effective Interest Rate on Debt % Related Terms

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Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Abu Dhabi Ports Co PJSC (ADX:ADPORTS) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Al Mina Street. Nearest Landmark: Zayed Port, Gate 1, Next to Zayed Port, P.O. Box 54477, Abu Dhabi, ARE, 54477

Website

https://www.adports.ae

Abu Dhabi Ports Co PJSC owns, operates, maintains, manages, and develops all ports, docks, harbors, quays, waterways, bridges, breakwaters, infrastructure, and related installations in the Emirate of Abu Dhabi. It also constructs, manages, and develops the industrial, commercial, and non-financial service-free zones on plots of land granted or allocated by the Government of Abu Dhabi. The company's segments include Ports; Economic Cities and Free Zones (EC&FZ); Logistics; Maritime; Digital and Corporate.

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Headlines

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