DXB Entertainments PJSC (DFM:DXBE) Effective Interest Rate on Debt % : 29.87% (As of Mar. 2021)

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What is DXB Entertainments 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. DXB Entertainments PJSC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2021 was د.إ941.93 Mil. DXB Entertainments PJSC's average total debt for the quarter that ended in Mar. 2021 was د.إ3,153.72 Mil. Therefore, DXB Entertainments PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2021 was 29.87%.

DXB Entertainments PJSC Effective Interest Rate on Debt % Historical Data

The historical data trend for DXB Entertainments 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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DXB Entertainments PJSC Effective Interest Rate on Debt % Chart

DXB Entertainments PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

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0.32

6.42

6.90

7.29

6.91

DXB Entertainments PJSC Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.26	7.00	6.99	5.72	29.87

Competitive Comparison of DXB Entertainments PJSC's Effective Interest Rate on Debt %

For the Leisure subindustry, DXB Entertainments 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.

DXB Entertainments PJSC's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, DXB Entertainments PJSC's Effective Interest Rate on Debt % distribution charts can be found below:

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

DXB Entertainments PJSC Effective Interest Rate on Debt % Calculation

DXB Entertainments PJSC's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -399.257	/	( (5699.519	+	5850.732)	/ 2 )
=	-1 * -399.257	/	5775.1255
=	6.91 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5673.235	+	26.284
=	5699.519

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5610.806	+	239.926
=	5850.732

DXB Entertainments PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2020 )	+	Total Debt (Q: Mar. 2021 ))	/ count )
=	-1 * -941.932	/	( (5850.732	+	456.7)	/ 2 )
=	-1 * -941.932	/	3153.716
=	29.87 %

where

	Total Debt (Q: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5610.806	+	239.926
=	5850.732

	Total Debt (Q: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	413.659	+	43.041
=	456.7

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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

DXB Entertainments PJSC (DFM:DXBE) Effective Interest Rate on Debt % Explanation

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

DXB Entertainments PJSC Effective Interest Rate on Debt % Related Terms

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DXB Entertainments PJSC (DFM:DXBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DXB Entertainments PJSC (DFM:DXBE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sheikh Zayed Road, P.O. Box 33772, Opposite the Palm Jebel Ali, Exit 5, Saih Shuaib, Dubai, ARE

Website

http://www.dxbentertainments.com

DXB Entertainments PJSC is a leisure and entertainment company in Dubai. It owns the Dubai Parks and Resorts destination which consists of theme parks and water parks at the same location. Its brands include MotionGate Dubai, which is a Hollywood based theme park and the highest revenue source, Legoland Dubai and Waterpark, Bollywood Parks Dubai, Lapita, and Riverland Dubai.

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