Advanced Petrochemical Co (SAU:2330) Effective Interest Rate on Debt % : 0.07% (As of Mar. 2024)

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What is Advanced Petrochemical Co 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. Advanced Petrochemical Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ﷼5 Mil. Advanced Petrochemical Co's average total debt for the quarter that ended in Mar. 2024 was ﷼6,998 Mil. Therefore, Advanced Petrochemical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.07%.

Advanced Petrochemical Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Advanced Petrochemical Co'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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Advanced Petrochemical Co Effective Interest Rate on Debt % Chart

Advanced Petrochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.86

41.95

2.97

0.06

0.05

Advanced Petrochemical Co 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															0.03	0.06	0.09	0.02	0.07

Competitive Comparison of Advanced Petrochemical Co's Effective Interest Rate on Debt %

For the Chemicals subindustry, Advanced Petrochemical Co'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.

Advanced Petrochemical Co's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

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

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

Advanced Petrochemical Co Effective Interest Rate on Debt % Calculation

Advanced Petrochemical Co'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 * -2.715	/	( (3964.095	+	7089.351)	/ 2 )
=	-1 * -2.715	/	5526.723
=	0.05 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2212.245	+	1751.85
=	3964.095

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7077.8	+	11.551
=	7089.351

Advanced Petrochemical Co'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 * -4.716	/	( (7089.351	+	6907.282)	/ 2 )
=	-1 * -4.716	/	6998.3165
=	0.07 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7077.8	+	11.551
=	7089.351

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6895.731	+	11.551
=	6907.282

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.

Advanced Petrochemical Co (SAU:2330) Effective Interest Rate on Debt % Explanation

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

Advanced Petrochemical Co Effective Interest Rate on Debt % Related Terms

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Advanced Petrochemical Co (SAU:2330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Advanced Petrochemical Co (SAU:2330) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Jubail Industrial, P.O.Box 11022, Jubail, SAU, 31961

Website

https://www.advancedpetrochem.com

Advanced Petrochemical Co produces and sells polypropylene, polysilicon, and polysilicon downstream products that include Photovoltaic cells and Photovoltaic. The company invests in industrial projects including petrochemical, chemical, basic and conversion industries and industries relating to renewable energy domestically and outside the Kingdom of Saudi Arabia. Its business is spread across the Middle East and North Africa region. Its products are used to manufacture various basic goods including personal care products, fresh food packaging, lightweight plastics and various others.

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