Eris Technology (ROCO:3675) Effective Interest Rate on Debt % : 1.86% (As of Mar. 2024)

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What is Eris Technology 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. Eris Technology's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NT$24 Mil. Eris Technology's average total debt for the quarter that ended in Mar. 2024 was NT$1,308 Mil. Therefore, Eris Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.86%.

Eris Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Eris Technology'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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Eris Technology Effective Interest Rate on Debt % Chart

Eris Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.35

1.10

0.97

1.25

1.68

Eris Technology 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															1.79	1.79	1.80	1.70	1.86

Competitive Comparison of Eris Technology's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Eris Technology'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.

Eris Technology's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Eris Technology's Effective Interest Rate on Debt % distribution charts can be found below:

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

Eris Technology Effective Interest Rate on Debt % Calculation

Eris Technology'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 * -21.616	/	( (1303.251	+	1264.306)	/ 2 )
=	-1 * -21.616	/	1283.7785
=	1.68 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	763.052	+	540.199
=	1303.251

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	525.056	+	739.25
=	1264.306

Eris Technology'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 * -24.34	/	( (1264.306	+	1351.099)	/ 2 )
=	-1 * -24.34	/	1307.7025
=	1.86 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	525.056	+	739.25
=	1264.306

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	630.973	+	720.126
=	1351.099

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.

Eris Technology (ROCO:3675) Effective Interest Rate on Debt % Explanation

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

Eris Technology Effective Interest Rate on Debt % Related Terms

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Eris Technology (ROCO:3675) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eris Technology Corp (ROCO:3675) » Definitions » Effective Interest Rate on Debt %

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Address

Section 3, Beishen Road, 222 6th Floor, No. 17, Lane 155, Shenkeng District, New Taipei City, TWN, 22203

Website

https://www.eris.com.tw

Eris Technology Corp designs and manufactures after-market services for Diode products in Taiwan. The Company mainly manufactures tests and sells rectifier diodes, wafers, and a light-emitting diode. Its products include Schottky Diodes, TVS Diodes, Zener Diodes, Bridge Diodes, Wafers, LEDs, and relevant devices. It operates in two departments. Eris Technology and Jie Cheng - mainly manufacturing and selling in diodes, Yea Shin - mainly manufacturing and selling in wafers. The majority is from Eris Technology and Jie Cheng. Geographically, it operates in Taiwan, Asia, Europe, North USA, and Australia, out of which the majority is from Taiwan.

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