Binggrae Co (XKRX:005180) Effective Interest Rate on Debt % : 4.48% (As of Dec. 2023)

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What is Binggrae 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. Binggrae Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₩1,972 Mil. Binggrae Co's average total debt for the quarter that ended in Dec. 2023 was ₩44,024 Mil. Therefore, Binggrae Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.48%.

Binggrae Co Effective Interest Rate on Debt % Historical Data

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

Binggrae Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.21

2.55

2.54

1.42

4.57

Binggrae Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-3.29	4.37	4.20	4.89	4.48

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

For the Packaged Foods subindustry, Binggrae 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.

Binggrae Co's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Binggrae Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Binggrae Co Effective Interest Rate on Debt % Calculation

Binggrae 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 * -1712	/	( (27249.452	+	47632.708)	/ 2 )
=	-1 * -1712	/	37441.08
=	4.57 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18722.022	+	8527.43
=	27249.452

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32381.339	+	15251.369
=	47632.708

Binggrae Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -1972	/	( (40414.638	+	47632.708)	/ 2 )
=	-1 * -1972	/	44023.673
=	4.48 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24066.552	+	16348.086
=	40414.638

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32381.339	+	15251.369
=	47632.708

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Binggrae Co (XKRX:005180) Effective Interest Rate on Debt % Explanation

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

Binggrae Co Effective Interest Rate on Debt % Related Terms

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Binggrae Co (XKRX:005180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Binggrae Co Ltd (XKRX:005180) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

45, Dasansunhwan-ro, Gyeonggi-do, Namyangju-si, KOR

Website

http://www.bing.co.kr

Binggrae Co Ltd is a Korea-based company engaged in the manufacturing and processing of dairy products and snacks. The business activity of the group is primarily operated through two divisions namely Refrigeration and Cold storage division. The Refrigeration division is engaged in the production of Ice cream and other frozen snacks, and Cold storage division engaged in the production of Dairy drinks such as milk and yogurt as well as other snacks. The products are offered under the brand name of Melona, Samanco, Pop Top, Pangtoa and others.

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