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Clal Insurance Enterprises Holdings (XTAE:CLIS) Effective Interest Rate on Debt % : 107.63% (As of Mar. 2024)


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What is Clal Insurance Enterprises Holdings 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. Clal Insurance Enterprises Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₪832 Mil. Clal Insurance Enterprises Holdings's average total debt for the quarter that ended in Mar. 2024 was ₪773 Mil. Therefore, Clal Insurance Enterprises Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 107.63%.


Clal Insurance Enterprises Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Clal Insurance Enterprises Holdings'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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Clal Insurance Enterprises Holdings Effective Interest Rate on Debt % Chart

Clal Insurance Enterprises Holdings 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 6.14 3.45 4.96 7.82 95.81

Clal Insurance Enterprises Holdings 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 35.75 106.39 109.00 87.63 107.63

Competitive Comparison of Clal Insurance Enterprises Holdings's Effective Interest Rate on Debt %

For the Insurance - Diversified subindustry, Clal Insurance Enterprises Holdings'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.


Clal Insurance Enterprises Holdings's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Clal Insurance Enterprises Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Clal Insurance Enterprises Holdings's Effective Interest Rate on Debt % falls into.



Clal Insurance Enterprises Holdings Effective Interest Rate on Debt % Calculation

Clal Insurance Enterprises Holdings'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  *  -651/( (582+777)/ 2 )
=-1  *  -651/679.5
=95.81 %

where

Clal Insurance Enterprises Holdings'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  *  -832/( (777+769)/ 2 )
=-1  *  -832/773
=107.63 %

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.


Clal Insurance Enterprises Holdings  (XTAE:CLIS) Effective Interest Rate on Debt % Explanation

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


Clal Insurance Enterprises Holdings Effective Interest Rate on Debt % Related Terms

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Clal Insurance Enterprises Holdings (XTAE:CLIS) Business Description

Traded in Other Exchanges
N/A
Address
36 Raul Wallenberg Road, Kiryat Atidim, Tower 8, Tel Aviv, ISR, 6136902
Clal Insurance Enterprises Holdings Ltd is an insurance company, part of IDB Group, a conglomerate from Israel. Its lines of business are: Nonlife insurance, Health insurance, Pensions, and provident funds for private and corporate clients. Clal insurance divisions are: nonlife insurance, long-term savings, and health. The nonlife insurance division offers automotive, property, personal accidents, guarantees, liability, and marine insurance, among others. The life insurance and long-term savings division manages long-term assets, such as life insurance, pensions, and funds. The health insurance division consists of health insurance products, such as local and overseas surgeries, transplants, medications, critical illness, long-term care, and accidents. The company's main market is Israel.

Clal Insurance Enterprises Holdings (XTAE:CLIS) Headlines

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