Afriquia Gaz (CAS:GAZ) Effective Interest Rate on Debt % : 15.17% (As of Dec. 2023)

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What is Afriquia Gaz 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. Afriquia Gaz's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was MAD151 Mil. Afriquia Gaz's average total debt for the quarter that ended in Dec. 2023 was MAD995 Mil. Therefore, Afriquia Gaz's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 15.17%.

Afriquia Gaz Effective Interest Rate on Debt % Historical Data

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

Afriquia Gaz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.71

6.19

7.85

11.64

15.92

Afriquia Gaz Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.99	10.29	13.17	15.96	15.17

Competitive Comparison of Afriquia Gaz's Effective Interest Rate on Debt %

For the Oil & Gas Refining & Marketing subindustry, Afriquia Gaz'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.

Afriquia Gaz's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

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

Afriquia Gaz Effective Interest Rate on Debt % Calculation

Afriquia Gaz'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 * -149.289	/	( (867.555	+	1007.532)	/ 2 )
=	-1 * -149.289	/	937.5435
=	15.92 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	786.758	+	80.797
=	867.555

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	893.658	+	113.874
=	1007.532

Afriquia Gaz's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -150.984	/	( (982.462	+	1007.532)	/ 2 )
=	-1 * -150.984	/	994.997
=	15.17 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	901.216	+	81.246
=	982.462

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	893.658	+	113.874
=	1007.532

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Afriquia Gaz (CAS:GAZ) Effective Interest Rate on Debt % Explanation

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

Afriquia Gaz Effective Interest Rate on Debt % Related Terms

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Afriquia Gaz (CAS:GAZ) Business Description

Industry

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Address

139 Boulevard Moulay Ismail, Casablanca, MAR, 20700

Website

http://www.afriquiagaz.com

Afriquia Gaz is a Morocco-based company engaged in the business of distributing liquefied petroleum gas (LPG) such as butane, propane and its by-products. The company is also involved in the import, export, trade, refining, storage, stocking, transportation, deposit and administration of LPG. It markets its products under five brands namely Afriquia Gaz, Tissir Gaz, Campingaz, Ultragaz and National Gaz.