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Warba Insurance and Reinsurance Co KSCP (KUW:WINSRE) Effective Interest Rate on Debt % : 144.80% (As of Mar. 2024)


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What is Warba Insurance and Reinsurance Co KSCP 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. Warba Insurance and Reinsurance Co KSCP's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was KWD5.79 Mil. Warba Insurance and Reinsurance Co KSCP's average total debt for the quarter that ended in Mar. 2024 was KWD4.00 Mil. Therefore, Warba Insurance and Reinsurance Co KSCP's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 144.80%.


Warba Insurance and Reinsurance Co KSCP Effective Interest Rate on Debt % Historical Data

The historical data trend for Warba Insurance and Reinsurance Co KSCP'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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Warba Insurance and Reinsurance Co KSCP Effective Interest Rate on Debt % Chart

Warba Insurance and Reinsurance Co KSCP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 650.74 75.95 38.33 37.05 51.15

Warba Insurance and Reinsurance Co KSCP 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 92.70 32.73 30.33 38.30 144.80

Competitive Comparison of Warba Insurance and Reinsurance Co KSCP's Effective Interest Rate on Debt %

For the Insurance - Diversified subindustry, Warba Insurance and Reinsurance Co KSCP'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.


Warba Insurance and Reinsurance Co KSCP's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Warba Insurance and Reinsurance Co KSCP's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Warba Insurance and Reinsurance Co KSCP's Effective Interest Rate on Debt % falls into.



Warba Insurance and Reinsurance Co KSCP Effective Interest Rate on Debt % Calculation

Warba Insurance and Reinsurance Co KSCP'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  *  -2.046/( (4+4)/ 2 )
=-1  *  -2.046/4
=51.15 %

where

Warba Insurance and Reinsurance Co KSCP'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  *  -5.792/( (4+4)/ 2 )
=-1  *  -5.792/4
=144.80 %

where

* 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.


Warba Insurance and Reinsurance Co KSCP  (KUW:WINSRE) Effective Interest Rate on Debt % Explanation

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


Warba Insurance and Reinsurance Co KSCP Effective Interest Rate on Debt % Related Terms

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Warba Insurance and Reinsurance Co KSCP (KUW:WINSRE) Business Description

Traded in Other Exchanges
N/A
Address
Sharq, Ahmad Al Jaber Street, Derwazat Abdul Razak, P.O. Box 24282, Safat, Opposite to the Banking Complex, Warba Tower, Kuwait, KWT, 13103
Warba Insurance and Reinsurance Co KSCP is involved in the provision of life and non-life insurance products and services. The company reports three business segments: General risk insurance, Life and Medical insurance and Investment. Within General risk insurance are Marine and Aviation, Fire and general accidents and Motor. The company's offerings include Individual Life Insurance, Medical Insurance individual, Medical Insurance Corporate and FGA Insurance Policies among others. Geographically it operates through Kuwait.

Warba Insurance and Reinsurance Co KSCP (KUW:WINSRE) Headlines

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