Ghitha Holding PJSC (ADX:GHITHA) Effective Interest Rate on Debt % : 5.42% (As of Sep. 2023)

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What is Ghitha Holding PJSC 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. Ghitha Holding PJSC's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was د.إ79 Mil. Ghitha Holding PJSC's average total debt for the quarter that ended in Sep. 2023 was د.إ1,455 Mil. Therefore, Ghitha Holding PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 5.42%.

Ghitha Holding PJSC Effective Interest Rate on Debt % Historical Data

The historical data trend for Ghitha Holding PJSC'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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Ghitha Holding PJSC Effective Interest Rate on Debt % Chart

Ghitha Holding PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

5.53

0.89

1.25

2.12

Ghitha Holding PJSC Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							3.53	3.07	2.16	6.28	5.42

Competitive Comparison of Ghitha Holding PJSC's Effective Interest Rate on Debt %

For the Food Distribution subindustry, Ghitha Holding PJSC'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.

Ghitha Holding PJSC's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ghitha Holding PJSC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Ghitha Holding PJSC's Effective Interest Rate on Debt % falls into.

Ghitha Holding PJSC Effective Interest Rate on Debt % Calculation

Ghitha Holding PJSC's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -11.175	/	( (183.978	+	872.643)	/ 2 )
=	-1 * -11.175	/	528.3105
=	2.12 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.328	+	116.65
=	183.978

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	512.725	+	359.918
=	872.643

Ghitha Holding PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -78.848	/	( (1454.017	+	1456.959)	/ 2 )
=	-1 * -78.848	/	1455.488
=	5.42 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	990.634	+	463.383
=	1454.017

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	896.131	+	560.828
=	1456.959

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

Ghitha Holding PJSC (ADX:GHITHA) Effective Interest Rate on Debt % Explanation

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

Ghitha Holding PJSC Effective Interest Rate on Debt % Related Terms

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Ghitha Holding PJSC (ADX:GHITHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ghitha Holding PJSC (ADX:GHITHA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Meena Zayed Port Area, P.O. Box 53314, Abu Dhabi, ARE

Website

https://www.ghitha.com

Ghitha Holding PJSC is engaged in trading, re-packaging, storage, and distribution of food and non-food products. The product portfolio includes dry food products, canned foods, frozen food, processed food items, household items, stationeries, disposables, toiletries, chemicals, and other products.

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