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Borouge (ADX:BOROUGE) Effective Interest Rate on Debt % : 6.56% (As of Mar. 2024)


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What is Borouge 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. Borouge's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was د.إ786 Mil. Borouge's average total debt for the quarter that ended in Mar. 2024 was د.إ11,980 Mil. Therefore, Borouge's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.56%.

Borouge Effective Interest Rate on Debt % Historical Data

The historical data trend for Borouge'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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Borouge Effective Interest Rate on Debt % Chart

Borouge Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - 5.92

Borouge Quarterly Data
Mar21 Dec21 Mar22 Sep22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only 5.45 5.88 6.79 6.74 6.56

Competitive Comparison of Borouge's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Borouge'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.

Borouge's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

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

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


Borouge Effective Interest Rate on Debt % Calculation

Borouge'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  *  -811.402/( (15233.378+12162.594)/ 2 )
=-1  *  -811.402/13697.986
=5.92 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15216.871 + 16.507
=15233.378

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12132.009 + 30.585
=12162.594

Borouge'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  *  -785.568/( (12162.594+11796.751)/ 2 )
=-1  *  -785.568/11979.6725
=6.56 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12132.009 + 30.585
=12162.594

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11765.92 + 30.831
=11796.751

* 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.

Borouge  (ADX:BOROUGE) Effective Interest Rate on Debt % Explanation

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

Borouge Effective Interest Rate on Debt % Related Terms

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Borouge (ADX:BOROUGE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Borouge Plc (ADX:BOROUGE) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
SZSE:300539 SZSE:301040 SZSE:301022 SHSE:600058 SZSE:301180 SZSE:002295 SZSE:300885 SZSE:300968 SZSE:301326 SHSE:603159 LIN XPAR:AI APD SHW ECL XSWX:SIKA SHSE:600309 BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
El Corniche Street, PO Box 6925, Borouge Tower, Sheikh Khalifa Energy Complex, Abu Dhabi, ARE
Website
https://www.borouge.com
Borouge Plc petrochemical company that provides innovative solutions of polyolefins such as polyethylene and polypropylene for a wide range of industries such as packaging, infrastructure, energy, mobility, agriculture, and healthcare.

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