Bank AlJazira (SAU:1020) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is Bank AlJazira 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. Bank AlJazira's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ﷼0 Mil. Bank AlJazira's average total debt for the quarter that ended in Mar. 2024 was ﷼2,123 Mil. Therefore, Bank AlJazira's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Bank AlJazira Effective Interest Rate on Debt % Historical Data

The historical data trend for Bank AlJazira'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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Bank AlJazira Effective Interest Rate on Debt % Chart

Bank AlJazira Annual Data

Trend

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Dec23

Effective Interest Rate on Debt %

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Bank AlJazira Quarterly Data
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Competitive Comparison of Bank AlJazira's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Bank AlJazira'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.

Bank AlJazira's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank AlJazira's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Bank AlJazira's Effective Interest Rate on Debt % falls into.

Bank AlJazira Effective Interest Rate on Debt % Calculation

Bank AlJazira'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	/	( (2224.82	+	2201.719)	/ 2 )
=	-1 * 0	/	2213.2695
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2224.82	+	0
=	2224.82

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2201.719	+	0
=	2201.719

Bank AlJazira'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	/	( (2201.719	+	2043.767)	/ 2 )
=	-1 * 0	/	2122.743
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2201.719	+	0
=	2201.719

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2043.767	+	0
=	2043.767

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.

Bank AlJazira (SAU:1020) Effective Interest Rate on Debt % Explanation

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

Bank AlJazira Effective Interest Rate on Debt % Related Terms

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Bank AlJazira (SAU:1020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank AlJazira (SAU:1020) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

7724 King Abdulaziz Road, P.O Box 6277, Al-Shatea District, Jeddah, SAU, 21442

Website

https://www.baj.com.sa

Bank AlJazira provides banking services. The Group is organized into the following main operating segments: Personal banking Deposit includes credit and investment products for individuals. Corporate banking includes Financing, deposits and other credit products for corporate, small to medium sized business and institutional customers. Treasury includes money market, foreign exchange, trading and treasury services. Brokerage and asset management provides shares brokerage services to customers (this segment includes the activities of the Bank's subsidiary AlJazira Capital Company). All of the group's operations are based in the Kingdom of Saudi Arabia, GCC and Middle East, Europe, North America, South East Asia and Other countries.

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