Shin Zu Shing Co (TPE:3376) Effective Interest Rate on Debt % : 1.90% (As of Mar. 2024)

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What is Shin Zu Shing 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. Shin Zu Shing Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NT$34 Mil. Shin Zu Shing Co's average total debt for the quarter that ended in Mar. 2024 was NT$1,779 Mil. Therefore, Shin Zu Shing Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.90%.

Shin Zu Shing Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shin Zu Shing 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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Shin Zu Shing Co Effective Interest Rate on Debt % Chart

Shin Zu Shing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.43

0.80

0.48

0.71

1.24

Shin Zu Shing 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															0.91	1.15	1.19	1.32	1.90

Competitive Comparison of Shin Zu Shing Co's Effective Interest Rate on Debt %

For the Metal Fabrication subindustry, Shin Zu Shing 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.

Shin Zu Shing Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shin Zu Shing Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shin Zu Shing Co's Effective Interest Rate on Debt % falls into.

Shin Zu Shing Co Effective Interest Rate on Debt % Calculation

Shin Zu Shing 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 * -23.35	/	( (1893.114	+	1881.441)	/ 2 )
=	-1 * -23.35	/	1887.2775
=	1.24 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	62.056	+	1831.058
=	1893.114

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.206	+	1850.235
=	1881.441

Shin Zu Shing 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 * -33.8	/	( (1881.441	+	1676.987)	/ 2 )
=	-1 * -33.8	/	1779.214
=	1.90 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.206	+	1850.235
=	1881.441

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34.67	+	1642.317
=	1676.987

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.

Shin Zu Shing Co (TPE:3376) Effective Interest Rate on Debt % Explanation

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

Shin Zu Shing Co Effective Interest Rate on Debt % Related Terms

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Shin Zu Shing Co (TPE:3376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shin Zu Shing Co Ltd (TPE:3376) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

174 Chiun Eng. Street, Su Lin District, Taipei, TWN

Website

https://www.szs.com.tw

Shin Zu Shing Co Ltd makes springs, stamped parts, and hinges for communication, computer, and consumer products. It produces various types of springs, and use automated machines to design stronger, longer-lasting, and high-quality components. Research and development enhances design, improves molding techniques, and creates innovative measurement strategies to produce durable products. A fabrication process produces hinges for laptops, monitors, cameras, cellphones, and other technology components. The company's sensor-control systems maintain accurate specifications, critical wire length, and angular relationships to create the end products. Customer feedback provides Shin Zu Shing the opportunity to tweak quality testing and produce customized solutions.

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