PTrana Mitra Luas TBK (ISX:SMIL) Effective Interest Rate on Debt % : 5.82% (As of Mar. 2024)

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What is PTrana Mitra Luas TBK 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. PTrana Mitra Luas TBK's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was Rp7,514 Mil. PTrana Mitra Luas TBK's average total debt for the quarter that ended in Mar. 2024 was Rp129,029 Mil. Therefore, PTrana Mitra Luas TBK's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.82%.

PTrana Mitra Luas TBK Effective Interest Rate on Debt % Historical Data

The historical data trend for PTrana Mitra Luas TBK'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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PTrana Mitra Luas TBK Effective Interest Rate on Debt % Chart

PTrana Mitra Luas TBK Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

10.12

9.95

7.44

6.57

6.51

PTrana Mitra Luas TBK Quarterly Data
	Dec19	Dec20	Dec21	Oct22	Mar23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	-	-	5.82

Competitive Comparison of PTrana Mitra Luas TBK's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, PTrana Mitra Luas TBK'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.

PTrana Mitra Luas TBK's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, PTrana Mitra Luas TBK's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where PTrana Mitra Luas TBK's Effective Interest Rate on Debt % falls into.

PTrana Mitra Luas TBK Effective Interest Rate on Debt % Calculation

PTrana Mitra Luas TBK'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 * -9384.454	/	( (154843.454	+	133272.554)	/ 2 )
=	-1 * -9384.454	/	144058.004
=	6.51 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	110459.99	+	44383.464
=	154843.454

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35501.05	+	97771.504
=	133272.554

PTrana Mitra Luas TBK'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 * -7513.748	/	( (133272.554	+	124785.769)	/ 2 )
=	-1 * -7513.748	/	129029.1615
=	5.82 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35501.05	+	97771.504
=	133272.554

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38679.151	+	86106.618
=	124785.769

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.

PTrana Mitra Luas TBK (ISX:SMIL) Effective Interest Rate on Debt % Explanation

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

PTrana Mitra Luas TBK Effective Interest Rate on Debt % Related Terms

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PTrana Mitra Luas TBK (ISX:SMIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » PT Sarana Mitra Luas TBK (ISX:SMIL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Gemalapik Pasirsari, Raya No. 130 – 111, Cikarang Selatan, Jawa Barat, Bekasi, IDN, 17530

Website

https://www.sml.co.id

PT Sarana Mitra Luas TBK is a forklift rental company. PT. Sarana Mitra Luas has become one of the leading forklift rental companies in Indonesia with a total fleet of more than 3,000 units. Apart from rental, It also provides other material handling solutions such as selling and servicing forklifts. The company only has one business segment, namely forklift rental services.

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