St Shine Optical Co (ROCO:1565) Effective Interest Rate on Debt % : 1.39% (As of Mar. 2024)

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What is St Shine Optical Co 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. St Shine Optical Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NT$9 Mil. St Shine Optical Co's average total debt for the quarter that ended in Mar. 2024 was NT$660 Mil. Therefore, St Shine Optical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.39%.

St Shine Optical Co Effective Interest Rate on Debt % Historical Data

The historical data trend for St Shine Optical Co'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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St Shine Optical Co Effective Interest Rate on Debt % Chart

St Shine Optical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.22

1.00

0.76

0.83

1.25

St Shine Optical Co 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															1.40	1.40	1.31	1.28	1.39

Competitive Comparison of St Shine Optical Co's Effective Interest Rate on Debt %

For the Medical Instruments & Supplies subindustry, St Shine Optical Co'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.

St Shine Optical Co's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, St Shine Optical Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where St Shine Optical Co's Effective Interest Rate on Debt % falls into.

St Shine Optical Co Effective Interest Rate on Debt % Calculation

St Shine Optical Co'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 * -10.233	/	( (971.753	+	662.276)	/ 2 )
=	-1 * -10.233	/	817.0145
=	1.25 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	439.879	+	531.874
=	971.753

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	316.843	+	345.433
=	662.276

St Shine Optical Co'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 * -9.172	/	( (662.276	+	657.655)	/ 2 )
=	-1 * -9.172	/	659.9655
=	1.39 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	316.843	+	345.433
=	662.276

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	331.737	+	325.918
=	657.655

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.

St Shine Optical Co (ROCO:1565) Effective Interest Rate on Debt % Explanation

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

St Shine Optical Co Effective Interest Rate on Debt % Related Terms

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St Shine Optical Co (ROCO:1565) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » St Shine Optical Co Ltd (ROCO:1565) » Definitions » Effective Interest Rate on Debt %

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Address

Ta Tung Road, 5th Floor, No.276, Section 1, Hsi Chih District, New Taipei, TWN, 22146

Website

https://www.stshine.com.tw

St Shine Optical Co Ltd is a contact lens manufacturer and one of the largest suppliers of contact lenses in Taiwan. The company primarily sells soft contact lenses, including daily disposable, frequent replacement spherical, frequent replacement toric, colored, and silicone hydrogel lenses. Its frequent replacement portfolio includes weekly, monthly, and quarterly replacement lenses with a range of water contents. St Shine manufactures its lenses with a cast-molding technology developed in-house and uses a computerized lathe cut system to manufacture progressive multifocal lenses used to correct presbyopia. It operates in two segments: Cast molding lenses and Others.

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