Arabian Contracting Services Co (SAU:4071) Effective Interest Rate on Debt % : 7.92% (As of Mar. 2024)

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What is Arabian Contracting Services 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. Arabian Contracting Services Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ﷼242 Mil. Arabian Contracting Services Co's average total debt for the quarter that ended in Mar. 2024 was ﷼3,052 Mil. Therefore, Arabian Contracting Services Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.92%.

Arabian Contracting Services Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Arabian Contracting Services 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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Arabian Contracting Services Co Effective Interest Rate on Debt % Chart

Arabian Contracting Services Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

3.20

2.16

2.82

4.98

Arabian Contracting Services Co Quarterly Data
	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									5.09	5.79	6.57	9.07	7.92

Competitive Comparison of Arabian Contracting Services Co's Effective Interest Rate on Debt %

For the Advertising Agencies subindustry, Arabian Contracting Services 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.

Arabian Contracting Services Co's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Arabian Contracting Services Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Arabian Contracting Services Co's Effective Interest Rate on Debt % falls into.

Arabian Contracting Services Co Effective Interest Rate on Debt % Calculation

Arabian Contracting Services 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 * -114.366	/	( (1565.485	+	3026.737)	/ 2 )
=	-1 * -114.366	/	2296.111
=	4.98 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1020.415	+	545.07
=	1565.485

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2278.25	+	748.487
=	3026.737

Arabian Contracting Services 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 * -241.764	/	( (3026.737	+	3077.234)	/ 2 )
=	-1 * -241.764	/	3051.9855
=	7.92 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2278.25	+	748.487
=	3026.737

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2173.881	+	903.353
=	3077.234

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.

Arabian Contracting Services Co (SAU:4071) Effective Interest Rate on Debt % Explanation

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

Arabian Contracting Services Co Effective Interest Rate on Debt % Related Terms

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Arabian Contracting Services Co (SAU:4071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Arabian Contracting Services Co (SAU:4071) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Olaya Towers, Tower B, Floor 33, P.O.Box 55905, Riyadh, SAU, 11544

Website

https://www.al-arabia.com

Arabian Contracting Services Co in setting up and operating outdoor advertising billboards, including roadside advertising and indoor advertising. In roadside advertising, the company participates in the tenders organized by various secretariat, municipalities, and government agencies in all provinces and cities of Saudi Arabia to lease and invest in the many sites belonging to these agencies and secretariat by installing billboards in them and selling these billboards advertising spaces to their clients.

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