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MY E.G.Services Bhd (XKLS:0138) Effective Interest Rate on Debt % : 8.55% (As of Sep. 2023)


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What is MY E.G.Services Bhd 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. MY E.G.Services Bhd's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was RM61.4 Mil. MY E.G.Services Bhd's average total debt for the quarter that ended in Sep. 2023 was RM718.4 Mil. Therefore, MY E.G.Services Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 8.55%.


MY E.G.Services Bhd Effective Interest Rate on Debt % Historical Data

The historical data trend for MY E.G.Services Bhd'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.

* Premium members only.

MY E.G.Services Bhd Effective Interest Rate on Debt % Chart

MY E.G.Services Bhd Annual Data
Trend Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.81 4.29 5.23 3.99 2.85

MY E.G.Services Bhd Quarterly Data
Dec17 Mar18 Dec18 Mar19 Jun19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.98 2.62 2.77 6.37 8.55

Competitive Comparison of MY E.G.Services Bhd's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, MY E.G.Services Bhd'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.


MY E.G.Services Bhd's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, MY E.G.Services Bhd's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where MY E.G.Services Bhd's Effective Interest Rate on Debt % falls into.



MY E.G.Services Bhd Effective Interest Rate on Debt % Calculation

MY E.G.Services Bhd'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  *  -9.241/( (166.083+483.331)/ 2 )
=-1  *  -9.241/324.707
=2.85 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=98.476 + 67.607
=166.083

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=325.157 + 158.174
=483.331

MY E.G.Services Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -61.408/( (573.356+863.444)/ 2 )
=-1  *  -61.408/718.4
=8.55 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=412.281 + 161.075
=573.356

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=722.169 + 141.275
=863.444

* 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 four times the quarterly (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


MY E.G.Services Bhd  (XKLS:0138) Effective Interest Rate on Debt % Explanation

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


MY E.G.Services Bhd Effective Interest Rate on Debt % Related Terms

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MY E.G.Services Bhd (XKLS:0138) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 8, Jalan Damansara, PJU 8, Level 43A, MYEG Tower, Empire City, Petaling Jaya, SGR, MYS, 47820
MY E.G.Services Bhd, or MYEG, provides electronic government solutions and services in Malaysia. The company is majorly engaged in the development and implementation of the Electronic Government Services project, the provision of other related services, and investment holding. Electronic Government Services include the testing, issuance, and renewal of drivers' licenses, renewal of vehicle road tax, vehicle ownership transfer, the renewal of foreign workers permits, bankruptcy status searches, and payment systems. It also provides commercial offerings, such as insurance, credit and debit payment solutions, tracking systems, and telecommunications services. It derives the majority of revenue from Malaysia.

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