Sumou Real Estate Co (SAU:4323) Effective Interest Rate on Debt % : 6.02% (As of Mar. 2024)

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What is Sumou Real Estate 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. Sumou Real Estate Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ﷼1.2 Mil. Sumou Real Estate Co's average total debt for the quarter that ended in Mar. 2024 was ﷼20.1 Mil. Therefore, Sumou Real Estate Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.02%.

Sumou Real Estate Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sumou Real Estate 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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Sumou Real Estate Co Effective Interest Rate on Debt % Chart

Sumou Real Estate Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

8.08

5.93

2.37

4.75

6.01

Sumou Real Estate Co Quarterly Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									5.60	0.08	6.60	4.86	6.02

Competitive Comparison of Sumou Real Estate Co's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, Sumou Real Estate 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.

Sumou Real Estate Co's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sumou Real Estate Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sumou Real Estate Co's Effective Interest Rate on Debt % falls into.

Sumou Real Estate Co Effective Interest Rate on Debt % Calculation

Sumou Real Estate 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 * -1.245	/	( (21.283	+	20.159)	/ 2 )
=	-1 * -1.245	/	20.721
=	6.01 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.749	+	1.534
=	21.283

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.725	+	1.434
=	20.159

Sumou Real Estate 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 * -1.208	/	( (20.159	+	19.962)	/ 2 )
=	-1 * -1.208	/	20.0605
=	6.02 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.725	+	1.434
=	20.159

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.031	+	1.931
=	19.962

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.

Sumou Real Estate Co (SAU:4323) Effective Interest Rate on Debt % Explanation

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

Sumou Real Estate Co Effective Interest Rate on Debt % Related Terms

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Sumou Real Estate Co (SAU:4323) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Prince Turki bin Abdulaziz street, Sumou Tower - P.O.Box 250, Al-Yarmouk District, AlKhobar, SAU, 31952

Website

https://www.sumou.com.sa

Sumou Real Estate Co is engaged in executing and managing real estate development and investment projects in the Kingdom of Saudi Arabia. The company's projects portfolio includes commercial centers, residential complexes, housing units, infrastructure for industrial, and commercial facilities, economic cities, and free zones.

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