Hyundai Steel Co (XKRX:004020) Effective Interest Rate on Debt % : 3.84% (As of Mar. 2024)

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What is Hyundai Steel 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. Hyundai Steel Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₩407,824 Mil. Hyundai Steel Co's average total debt for the quarter that ended in Mar. 2024 was ₩10,627,161 Mil. Therefore, Hyundai Steel Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.84%.

Hyundai Steel Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hyundai Steel 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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Hyundai Steel Co Effective Interest Rate on Debt % Chart

Hyundai Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.76

2.55

2.28

2.81

3.63

Hyundai Steel 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															3.44	3.57	3.65	3.63	3.84

Competitive Comparison of Hyundai Steel Co's Effective Interest Rate on Debt %

For the Steel subindustry, Hyundai Steel 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.

Hyundai Steel Co's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hyundai Steel Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hyundai Steel Co's Effective Interest Rate on Debt % falls into.

Hyundai Steel Co Effective Interest Rate on Debt % Calculation

Hyundai Steel 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 * -413949.411	/	( (12344367.112	+	10451079.905)	/ 2 )
=	-1 * -413949.411	/	11397723.5085
=	3.63 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8118751.952	+	4225615.16
=	12344367.112

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6524772.643	+	3926307.262
=	10451079.905

Hyundai Steel 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 * -407824.216	/	( (10451079.905	+	10803242.436)	/ 2 )
=	-1 * -407824.216	/	10627161.1705
=	3.84 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6524772.643	+	3926307.262
=	10451079.905

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6402123.254	+	4401119.182
=	10803242.436

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.

Hyundai Steel Co (XKRX:004020) Effective Interest Rate on Debt % Explanation

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

Hyundai Steel Co Effective Interest Rate on Debt % Related Terms

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Hyundai Steel Co (XKRX:004020) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

1 Sohnghyun-Dong Dong-Gu, Incheon, KOR, 401-712

Website

http://www.hyundai-steel.com

Hyundai Steel Company is a Korea-based company engaged in the manufacture of steel products. The company's products include hot-rolled steel plates, cold-rolled steel plates, medium steel plates, steel tubes, steel bars, H bars, special steel rods and other steel products. The company's products are used in shipbuilding, automotive production, construction, bridges, engineering, home appliances, oil pipes, container manufacturing, machineries and other industries. The company is also engaged in the manufacture of track chain, which is a major part of heavy-duty machineries. The company generates most of its revenue from Korean domestic market and exports its products to overseas market in the meanwhile.

Hyundai Steel Co (XKRX:004020) Headlines

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