Thantawan Industry PCL (BKK:THIP-R) Effective Interest Rate on Debt % : 8.04% (As of Mar. 2024)

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What is Thantawan Industry 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. Thantawan Industry PCL's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ฿2 Mil. Thantawan Industry PCL's average total debt for the quarter that ended in Mar. 2024 was ฿31 Mil. Therefore, Thantawan Industry PCL's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.04%.

Thantawan Industry PCL Effective Interest Rate on Debt % Historical Data

The historical data trend for Thantawan Industry 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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Thantawan Industry PCL Effective Interest Rate on Debt % Chart

Thantawan Industry PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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29.96

7.16

3.61

6.57

7.92

Thantawan Industry 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															7.16	6.75	7.04	7.72	8.04

Competitive Comparison of Thantawan Industry PCL's Effective Interest Rate on Debt %

For the Packaging & Containers subindustry, Thantawan Industry 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.

Thantawan Industry PCL's Effective Interest Rate on Debt % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Thantawan Industry PCL's Effective Interest Rate on Debt % falls into.

Thantawan Industry PCL Effective Interest Rate on Debt % Calculation

Thantawan Industry 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 * -2.798	/	( (36.786	+	33.835)	/ 2 )
=	-1 * -2.798	/	35.3105
=	7.92 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.48	+	16.306
=	36.786

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.323	+	16.512
=	33.835

Thantawan Industry 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 * -2.48	/	( (33.835	+	27.835)	/ 2 )
=	-1 * -2.48	/	30.835
=	8.04 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.323	+	16.512
=	33.835

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.292	+	14.543
=	27.835

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.

Thantawan Industry PCL (BKK:THIP-R) Effective Interest Rate on Debt % Explanation

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

Thantawan Industry PCL Effective Interest Rate on Debt % Related Terms

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Thantawan Industry PCL (BKK:THIP-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Thantawan Industry PCL (BKK:THIP-R) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

THIP:Thailand

Address

Soi Kangwal 2, Phetkasem Road, 143-144, Moo 8, Omyai, Sampran, Nakornpathom, THA, 73160

Website

https://www.thantawan.com

Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The company's product portfolio includes reclosable bags, drinking straws, general bags and gloves, active breathable packaging, biodegradable products, zipper attached packaging, and sundry products. It has a presence in Europe, Thailand, Australia and New Zealand, Asia, America, and other countries.

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