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Finotek Co (XKRX:150440) Effective Interest Rate on Debt % : 44.49% (As of Dec. 2022)


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What is Finotek 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. Finotek Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was ₩5,086 Mil. Finotek Co's average total debt for the quarter that ended in Dec. 2022 was ₩11,432 Mil. Therefore, Finotek Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 44.49%.

Finotek Co Effective Interest Rate on Debt % Historical Data

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

Finotek Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 14.86 13.72 11.64 28.87 44.49

Finotek Co Semi-Annual Data
Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt % Get a 7-Day Free Trial 14.86 13.72 11.64 28.87 44.49

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

For the Information Technology Services subindustry, Finotek 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.

Finotek Co's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Finotek Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


Finotek Co Effective Interest Rate on Debt % Calculation

Finotek Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -5086.21/( (11358.403+11505)/ 2 )
=-1  *  -5086.21/11431.7015
=44.49 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 11358.403
=11358.403

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 11505
=11505

Finotek Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2021 )+Total Debt  (Q: Dec. 2022 ))/ count )
=-1  *  -5086.21/( (11358.403+11505)/ 2 )
=-1  *  -5086.21/11431.7015
=44.49 %

where

Total Debt  (Q: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 11358.403
=11358.403

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 11505
=11505

* 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 one times the annual (Dec. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Finotek Co  (XKRX:150440) Effective Interest Rate on Debt % Explanation

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

Finotek Co Effective Interest Rate on Debt % Related Terms

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Finotek Co (XKRX:150440) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Finotek Co Ltd (XKRX:150440) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
XKRX:121060 XKRX:030790 XKRX:275630 XKRX:039740 XKRX:258250 XKRX:004920 XKRX:039980 ACN NSE:TCS IBM NSE:INFY FISV FIS CTSH NSE:HCLTECH XPAR:CAP BOM:507685 TSE:6702 CDW TSE:9613
Traded in Other Exchanges
N/A
Address
3rd floor, 1 Yangjaechunro 9-Gil, Seocho-Gu, Seoul, KOR
Website
http://www.finotek.co.kr
Finotek Co Ltd develops and supply's software, system integration (SI), application development and consulting, system ASP services. The company primarily serves the financial services sector. Geographically, the business is carried out through Korea.

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