Future Kid Entertainment and Real Estate Co (KUW:FUTUREKID) Effective Interest Rate on Debt % : 3.72% (As of Mar. 2024)

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What is Future Kid Entertainment and 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. Future Kid Entertainment and Real Estate Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was KWD0.42 Mil. Future Kid Entertainment and Real Estate Co's average total debt for the quarter that ended in Mar. 2024 was KWD11.19 Mil. Therefore, Future Kid Entertainment and Real Estate Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.72%.

Future Kid Entertainment and Real Estate Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Future Kid Entertainment and 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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Future Kid Entertainment and Real Estate Co Effective Interest Rate on Debt % Chart

Future Kid Entertainment and Real Estate Co Annual Data

Trend

Dec10

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.51

4.47

3.93

3.00

3.56

Future Kid Entertainment and Real Estate Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															2.91	3.13	3.57	3.76	3.72

Competitive Comparison of Future Kid Entertainment and Real Estate Co's Effective Interest Rate on Debt %

For the Leisure subindustry, Future Kid Entertainment and 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.

Future Kid Entertainment and Real Estate Co's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Future Kid Entertainment and Real Estate Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Future Kid Entertainment and Real Estate Co Effective Interest Rate on Debt % Calculation

Future Kid Entertainment and 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 * -0.351	/	( (8.889	+	10.847)	/ 2 )
=	-1 * -0.351	/	9.868
=	3.56 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.103	+	3.786
=	8.889

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.668	+	4.179
=	10.847

Future Kid Entertainment and 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 * -0.416	/	( (10.847	+	11.536)	/ 2 )
=	-1 * -0.416	/	11.1915
=	3.72 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.668	+	4.179
=	10.847

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.089	+	4.447
=	11.536

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.

Future Kid Entertainment and Real Estate Co (KUW:FUTUREKID) Effective Interest Rate on Debt % Explanation

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

Future Kid Entertainment and Real Estate Co Effective Interest Rate on Debt % Related Terms

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Future Kid Entertainment and Real Estate Co (KUW:FUTUREKID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Future Kid Entertainment and Real Estate Co (KUW:FUTUREKID) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Free Zone Area, Futur Ara, Block D20, P.O. Box 4277, Al-Safat, KWT, 13043

Website

https://www.futurekid.com.kw

Future Kid Entertainment and Real Estate Co operates and manages family entertainment centers in Kuwait. It provides recreational services for kids and families. It also operates entertainment complexes which include facilities like games & aqua parks. It also engages in the acquisition, development, and sale of real estate and lands. It derives revenue from customer charges and game cards used for games available in different branches.

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