Chung Tai Resource Technology (ROCO:6923) Effective Interest Rate on Debt % : 2.08% (As of Dec. 2023)

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What is Chung Tai Resource 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. Chung Tai Resource Technology's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was NT$35 Mil. Chung Tai Resource Technology's average total debt for the quarter that ended in Dec. 2023 was NT$1,665 Mil. Therefore, Chung Tai Resource Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.08%.

Chung Tai Resource Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Chung Tai Resource 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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Chung Tai Resource Technology Effective Interest Rate on Debt % Chart

Chung Tai Resource Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

1.16

0.02

1.36

1.94

Chung Tai Resource Technology Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			0.01	1.01	1.67	1.88	2.08

Competitive Comparison of Chung Tai Resource Technology's Effective Interest Rate on Debt %

For the Waste Management subindustry, Chung Tai Resource 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.

Chung Tai Resource Technology's Effective Interest Rate on Debt % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Chung Tai Resource Technology's Effective Interest Rate on Debt % distribution charts can be found below:

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

Chung Tai Resource Technology Effective Interest Rate on Debt % Calculation

Chung Tai Resource 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 * -33.118	/	( (1723.969	+	1687.202)	/ 2 )
=	-1 * -33.118	/	1705.5855
=	1.94 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1548.523	+	175.446
=	1723.969

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1382.883	+	304.319
=	1687.202

Chung Tai Resource Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -34.572	/	( (1641.943	+	1687.202)	/ 2 )
=	-1 * -34.572	/	1664.5725
=	2.08 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1463.129	+	178.814
=	1641.943

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1382.883	+	304.319
=	1687.202

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Chung Tai Resource Technology (ROCO:6923) Effective Interest Rate on Debt % Explanation

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

Chung Tai Resource Technology Effective Interest Rate on Debt % Related Terms

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Chung Tai Resource Technology (ROCO:6923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Chung Tai Resource Technology Corp (ROCO:6923) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 328, Huanke Road, Guanyin District, Taoyuan City, TWN, 328451

Website

https://www.chinalab.com.tw

Chung Tai Resource Technology Corp provides waste removal and treatment, Pyrolysis treatment system, Recycling of Waste Printed Circuit Boards, Incineration Thermal Power Generation and Comprehensive Treatment R&D Center, waste lighting sources recycling, and other services.

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