Asia Sermkij Leasing PCL (BKK:ASK) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is Asia Sermkij Leasing PCL 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. Asia Sermkij Leasing PCL's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ฿0 Mil. Asia Sermkij Leasing PCL's average total debt for the quarter that ended in Mar. 2024 was ฿64,581 Mil. Therefore, Asia Sermkij Leasing PCL's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Asia Sermkij Leasing PCL Effective Interest Rate on Debt % Historical Data

The historical data trend for Asia Sermkij Leasing PCL'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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Asia Sermkij Leasing PCL Effective Interest Rate on Debt % Chart

Asia Sermkij Leasing PCL Annual Data

Trend

Dec14

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Dec22

Dec23

Effective Interest Rate on Debt %

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0.02

Asia Sermkij Leasing PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Competitive Comparison of Asia Sermkij Leasing PCL's Effective Interest Rate on Debt %

For the Credit Services subindustry, Asia Sermkij Leasing PCL'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.

Asia Sermkij Leasing PCL's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Asia Sermkij Leasing PCL's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Asia Sermkij Leasing PCL's Effective Interest Rate on Debt % falls into.

Asia Sermkij Leasing PCL Effective Interest Rate on Debt % Calculation

Asia Sermkij Leasing PCL'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 * 0	/	( (56168.871	+	64189.783)	/ 2 )
=	-1 * 0	/	60179.327
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	33936.61	+	22232.261
=	56168.871

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32242.173	+	31947.61
=	64189.783

Asia Sermkij Leasing PCL'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 * 0	/	( (64189.783	+	64972.868)	/ 2 )
=	-1 * 0	/	64581.3255
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32242.173	+	31947.61
=	64189.783

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28671.072	+	36301.796
=	64972.868

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.

Asia Sermkij Leasing PCL (BKK:ASK) Effective Interest Rate on Debt % Explanation

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

Asia Sermkij Leasing PCL Effective Interest Rate on Debt % Related Terms

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Asia Sermkij Leasing PCL (BKK:ASK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Asia Sermkij Leasing PCL (BKK:ASK) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

South Sathorn Road, 175 Sathorn City Tower, 24th Floor, Tungmahamek, Sathorn, Bangkok, THA, 10120

Website

https://www.ask.co.th

Asia Sermkij Leasing PCL operates hire purchase business for all types of automobiles in the form of new car financing to its customers in Bangkok and metropolitan area. Subsequently, the company has expanded its business into used car hire purchase, personal loan and floor plan financing as well as other services such as auto registration, tax renewal, and insurance services. The business operation can be classified into five operating segments: The hire purchase segment, The leasing segment, The loan segment, The factoring segment, The insurance broker segment. A major part of the revenue is generated from hire purchase division.

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