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Emirates Central Cooling Systems PJSC (DFM:EMPOWER) Effective Interest Rate on Debt % : 4.56% (As of Mar. 2024)


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What is Emirates Central Cooling Systems 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. Emirates Central Cooling Systems PJSC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was د.إ221 Mil. Emirates Central Cooling Systems PJSC's average total debt for the quarter that ended in Mar. 2024 was د.إ4,846 Mil. Therefore, Emirates Central Cooling Systems PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.56%.


Emirates Central Cooling Systems PJSC Effective Interest Rate on Debt % Historical Data

The historical data trend for Emirates Central Cooling Systems 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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Emirates Central Cooling Systems PJSC Effective Interest Rate on Debt % Chart

Emirates Central Cooling Systems PJSC Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
4.42 1.33 0.45 2.41 4.85

Emirates Central Cooling Systems PJSC Quarterly Data
Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.54 4.94 5.02 4.90 4.56

Competitive Comparison of Emirates Central Cooling Systems PJSC's Effective Interest Rate on Debt %

For the Utilities - Independent Power Producers subindustry, Emirates Central Cooling Systems 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.


Emirates Central Cooling Systems PJSC's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Emirates Central Cooling Systems PJSC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Emirates Central Cooling Systems PJSC's Effective Interest Rate on Debt % falls into.



Emirates Central Cooling Systems PJSC Effective Interest Rate on Debt % Calculation

Emirates Central Cooling Systems PJSC'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  *  -217.981/( (4492.657+4496.519)/ 2 )
=-1  *  -217.981/4494.588
=4.85 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4490.315 + 2.342
=4492.657

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4493.022 + 3.497
=4496.519

Emirates Central Cooling Systems PJSC'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  *  -221.016/( (4496.519+5196.352)/ 2 )
=-1  *  -221.016/4846.4355
=4.56 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4493.022 + 3.497
=4496.519

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5193.689 + 2.663
=5196.352

* 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.

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.


Emirates Central Cooling Systems PJSC  (DFM:EMPOWER) Effective Interest Rate on Debt % Explanation

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


Emirates Central Cooling Systems PJSC Effective Interest Rate on Debt % Related Terms

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Emirates Central Cooling Systems PJSC (DFM:EMPOWER) Business Description

Traded in Other Exchanges
N/A
Address
Jumeirah Beach Road, 2nd December Street, P O Box 8081, Al Hudaiba Awards Building, Block A, 8th Floor, Opposite Etihad Museum, Dubai, ARE
Emirates Central Cooling Systems Corp PJSC engages in offering district cooling services (DCS). It engages in the centralized production and distribution of cooling energy. The firm provides its services to a portfolio of projects such as Deira Waterfront, Blue Waters, Jumeirah Group, Jumeirah Beach Residence, Dubai International Financial Centre, Business Bay, Dubai Healthcare City, Jumeirah Lake Towers, Palm Jumeirah, Discovery Gardens, Ibn Battuta Mall, Dubai Design District, Dubai Production City and many more.

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