Hyundai Motor Co (Hyundai Motor Co) Effective Interest Rate on Debt % : 0.32% (As of Dec. 2023)

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What is Hyundai Motor 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 Motor Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $297 Mil. Hyundai Motor Co's average total debt for the quarter that ended in Dec. 2023 was $94,286 Mil. Therefore, Hyundai Motor Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.32%.

Hyundai Motor Co Effective Interest Rate on Debt % Historical Data

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

Hyundai Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.40

0.43

0.29

0.45

0.46

Hyundai Motor 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															0.57	0.57	0.52	0.47	0.32

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

For the Auto Manufacturers subindustry, Hyundai Motor 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 Motor Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hyundai Motor Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Hyundai Motor Co Effective Interest Rate on Debt % Calculation

Hyundai Motor 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 * -427.426	/	( (87584.936	+	96448.092)	/ 2 )
=	-1 * -427.426	/	92016.514
=	0.46 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	58714.547	+	28870.389
=	87584.936

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	70099.425	+	26348.667
=	96448.092

Hyundai Motor 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 * -297.256	/	( (92122.925	+	96448.092)	/ 2 )
=	-1 * -297.256	/	94285.5085
=	0.32 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	65978.985	+	26143.94
=	92122.925

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	70099.425	+	26348.667
=	96448.092

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.

Hyundai Motor Co (OTCPK:HYMLF) Effective Interest Rate on Debt % Explanation

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

Hyundai Motor Co Effective Interest Rate on Debt % Related Terms

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Hyundai Motor Co (Hyundai Motor Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hyundai Motor Co (OTCPK:HYMLF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

HYMTF:USA 005389:Korea 005387:Korea 005385:Korea 005380:Korea HYUDl:UK HYUD:UK HYU:Germany

Address

12, Heolleung-ro, Seocho-Gu, Seoul, KOR

Website

https://www.hyundai.com

Hyundai Motor Co is engaged in the manufacturing and distribution of motor vehicles and parts. The business of the group is operated through a vehicle, finance, and other segments. Its vehicle segment is engaged in the manufacturing and sale of motor vehicles. The finance segment operates vehicle financing, credit card processing, and other financing activities. Others segment includes the research and development, train manufacturing and other activities. The company derives most of the revenue from vehicle segment.