G J Steel PCL (BKK:GJS) Effective Interest Rate on Debt % : 17.51% (As of Mar. 2024)

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What is G J Steel 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. G J Steel PCL's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ฿1 Mil. G J Steel PCL's average total debt for the quarter that ended in Mar. 2024 was ฿8 Mil. Therefore, G J Steel PCL's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 17.51%.

G J Steel PCL Effective Interest Rate on Debt % Historical Data

The historical data trend for G J Steel 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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G J Steel PCL Effective Interest Rate on Debt % Chart

G J Steel PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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20.40

23.12

25.18

51.72

19.24

G J Steel PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															19.58	21.68	24.35	22.45	17.51

Competitive Comparison of G J Steel PCL's Effective Interest Rate on Debt %

For the Steel subindustry, G J Steel 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.

G J Steel PCL's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, G J Steel PCL's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where G J Steel PCL's Effective Interest Rate on Debt % falls into.

G J Steel PCL Effective Interest Rate on Debt % Calculation

G J Steel 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 * -1.708	/	( (9.801	+	7.953)	/ 2 )
=	-1 * -1.708	/	8.877
=	19.24 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.462	+	4.339
=	9.801

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.451	+	4.502
=	7.953

G J Steel 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 * -1.388	/	( (7.953	+	7.898)	/ 2 )
=	-1 * -1.388	/	7.9255
=	17.51 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.451	+	4.502
=	7.953

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.991	+	4.907
=	7.898

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.

G J Steel PCL (BKK:GJS) Effective Interest Rate on Debt % Explanation

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

G J Steel PCL Effective Interest Rate on Debt % Related Terms

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G J Steel PCL (BKK:GJS) Business Description

Industry

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Traded in Other Exchanges

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Address

Silom Road, Suriyawong, 88 Paso Tower, 24th Floor, Bangrak, Bangkok, THA, 10500

Website

https://www.gjsteel.co.th

G J Steel PCL is engaged in the manufacturing and distribution of hot rolled coil steel products. Its main products are hot-rolled coils (HRC) and tempered hot-rolled coils. The company distributes its products which are further used as a raw material to produce various products like, automotive parts, gas cylinder, pressure vessel, home appliance, and pipes. Majority of its revenue comes from Thailand market, but the firm also has its presence in South East Asia.

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