United Projects Co for Aviation Services KSCC (KUW:UPAC) Effective Interest Rate on Debt % : 0.08% (As of Mar. 2024)

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What is United Projects Co for Aviation Services KSCC 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. United Projects Co for Aviation Services KSCC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was KWD0.09 Mil. United Projects Co for Aviation Services KSCC's average total debt for the quarter that ended in Mar. 2024 was KWD114.96 Mil. Therefore, United Projects Co for Aviation Services KSCC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.08%.

United Projects Co for Aviation Services KSCC Effective Interest Rate on Debt % Historical Data

The historical data trend for United Projects Co for Aviation Services KSCC'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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United Projects Co for Aviation Services KSCC Effective Interest Rate on Debt % Chart

United Projects Co for Aviation Services KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

10.16

7.17

5.87

3.97

0.05

United Projects Co for Aviation Services KSCC 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															0.08	0.07	0.04	0.02	0.08

Competitive Comparison of United Projects Co for Aviation Services KSCC's Effective Interest Rate on Debt %

For the Airports & Air Services subindustry, United Projects Co for Aviation Services KSCC'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.

United Projects Co for Aviation Services KSCC's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, United Projects Co for Aviation Services KSCC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where United Projects Co for Aviation Services KSCC's Effective Interest Rate on Debt % falls into.

United Projects Co for Aviation Services KSCC Effective Interest Rate on Debt % Calculation

United Projects Co for Aviation Services KSCC'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 * -0.052	/	( (0	+	111.506)	/ 1 )
=	-1 * -0.052	/	111.506
=	0.05 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	111.506
=	111.506

United Projects Co for Aviation Services KSCC'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 * -0.092	/	( (111.506	+	118.407)	/ 2 )
=	-1 * -0.092	/	114.9565
=	0.08 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	111.506
=	111.506

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	118.407
=	118.407

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.

United Projects Co for Aviation Services KSCC (KUW:UPAC) Effective Interest Rate on Debt % Explanation

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

United Projects Co for Aviation Services KSCC Effective Interest Rate on Debt % Related Terms

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United Projects Co for Aviation Services KSCC (KUW:UPAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Projects Co for Aviation Services KSCC (KUW:UPAC) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Kuwait International Airport, Mezzanine Parking, P. O. Box 27068, Safat, Kuwait, KWT, 13131

Website

https://www.upac.com.kw

United Projects Co for Aviation Services KSCC is a Kuwait-based company. Its services include project management and consultancy, real estate development, and property and facilities management. The company's services are used by retailers, food and beverage companies, airline companies, and financial institutions. The company operates in two business segments. Investments consist of investing in Reem Mall and surplus funds in investment portfolios. Service operations consist of managing projects and providing airplane ground and cleaning services among other services. The service operations segment generates maximum revenue for the company. Their projects portfolio includes Airport Mall and Facilities, Sheikh Saad Terminal, Discovery Center, and Reem Mall.

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