Gemilang International (HKSE:06163) Effective Interest Rate on Debt % : 9.14% (As of Apr. 2024)

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What is Gemilang International 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. Gemilang International's annualized positive value of Interest Expense for the quarter that ended in Apr. 2024 was HK$7.0 Mil. Gemilang International's average total debt for the quarter that ended in Apr. 2024 was HK$77.1 Mil. Therefore, Gemilang International's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2024 was 9.14%.

Gemilang International Effective Interest Rate on Debt % Historical Data

The historical data trend for Gemilang International'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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Gemilang International Effective Interest Rate on Debt % Chart

Gemilang International Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Effective Interest Rate on Debt %

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6.94

3.87

4.86

7.97

7.23

Gemilang International Semi-Annual Data
	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.93	9.82	7.11	7.53	9.14

Competitive Comparison of Gemilang International's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Gemilang International'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.

Gemilang International's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Gemilang International's Effective Interest Rate on Debt % falls into.

Gemilang International Effective Interest Rate on Debt % Calculation

Gemilang International's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * -7.559	/	( (119.411	+	89.67)	/ 2 )
=	-1 * -7.559	/	104.5405
=	7.23 %

where

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.041	+	94.37
=	119.411

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.626	+	89.044
=	89.67

Gemilang International's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Apr. 2024 ))	/ count )
=	-1 * -7.048	/	( (89.67	+	64.578)	/ 2 )
=	-1 * -7.048	/	77.124
=	9.14 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.626	+	89.044
=	89.67

	Total Debt (Q: Apr. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.517	+	64.061
=	64.578

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 two times the semi-annual (Apr. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Gemilang International (HKSE:06163) Effective Interest Rate on Debt % Explanation

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

Gemilang International Effective Interest Rate on Debt % Related Terms

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Gemilang International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Gemilang International Ltd (HKSE:06163) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ptd 42326, Jalan Seelong, Mukim Senai, Senai, JHR, MYS, 81400

Website

https://www.gml.com.my

Gemilang International Ltd designs and manufactures bus bodies and assembles buses. The Group divides its target markets into two segments, namely core markets which comprise Singapore and Malaysia, and developing markets which comprise all other markets to where the Group exports its products to, including Australia, Hong Kong, the USA and Uzbekistan. The Group's buses, comprising city buses and coaches in aluminium, mainly serve public and private bus transportation operators in its target markets. The Group's products mainly include single deck, double deck and articulated city buses, as well as single deck, double deck and high deck coaches. It derives a majority of revenue from Singapore.

Executives

Low Poh Teng	2202 Interest of your spouse
Pang Chong Yong	2101 Beneficial owner
Kan Suk Ping	2101 Beneficial owner
Golden Castle Investments Limited	2101 Beneficial owner
Gold-face Finance Limited	2106 Person having a security interest in shares
Upbest Group Limited	2201 Interest of corporation controlled by you

Gemilang International Headlines

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