Solid State System Co (ROCO:3259) Effective Interest Rate on Debt % : 2.22% (As of Mar. 2024)

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What is Solid State System 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. Solid State System Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NT$1.1 Mil. Solid State System Co's average total debt for the quarter that ended in Mar. 2024 was NT$49.8 Mil. Therefore, Solid State System Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.22%.

Solid State System Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Solid State System 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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Solid State System Co Effective Interest Rate on Debt % Chart

Solid State System Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.32

1.72

3.51

1.34

2.78

Solid State System 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															2.15	2.31	2.13	2.55	2.22

Competitive Comparison of Solid State System Co's Effective Interest Rate on Debt %

For the Semiconductors subindustry, Solid State System 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.

Solid State System Co's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solid State System Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Solid State System Co's Effective Interest Rate on Debt % falls into.

Solid State System Co Effective Interest Rate on Debt % Calculation

Solid State System 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 * -1.78	/	( (84.799	+	43.117)	/ 2 )
=	-1 * -1.78	/	63.958
=	2.78 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.747	+	76.052
=	84.799

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.593	+	41.524
=	43.117

Solid State System 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 * -1.108	/	( (43.117	+	56.529)	/ 2 )
=	-1 * -1.108	/	49.823
=	2.22 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.593	+	41.524
=	43.117

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29.088	+	27.441
=	56.529

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.

Solid State System Co (ROCO:3259) Effective Interest Rate on Debt % Explanation

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

Solid State System Co Effective Interest Rate on Debt % Related Terms

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Solid State System Co (ROCO:3259) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solid State System Co Ltd (ROCO:3259) » Definitions » Effective Interest Rate on Debt %

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Address

No. 22, Tai Yuen Street, 5th Floor-1, Tai Yuen Hi-Tech Industrial Park, Hsinchu County, Zhubei City, TWN, 30288

Website

http://www.3system.com.tw

Solid State System Co Ltd is engaged in the production and distribution of flash memory controller integrated circuits and audio ICs. It offers various storage solutions, including USB flash controllers and SSD turn-key solutions; multimedia audio solutions, such as USB speakers, USB headsets, and USB line-in controllers; and MEMS microphones.

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