IOVTEC Co (ROCO:7583) Effective Interest Rate on Debt % : 5.42% (As of Dec. 2024)

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What is IOVTEC 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. IOVTEC Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was NT$13 Mil. IOVTEC Co's average total debt for the quarter that ended in Dec. 2024 was NT$248 Mil. Therefore, IOVTEC Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 5.42%.

IOVTEC Co Effective Interest Rate on Debt % Historical Data

The historical data trend for IOVTEC 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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IOVTEC Co Effective Interest Rate on Debt % Chart

IOVTEC Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

6.13

6.36

5.58

5.78

IOVTEC Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			6.20	5.85	5.60	5.53	5.42

Competitive Comparison of IOVTEC Co's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, IOVTEC 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.

IOVTEC Co's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, IOVTEC Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

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IOVTEC Co Effective Interest Rate on Debt % Calculation

IOVTEC Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -13.838	/	( (249.591	+	229.604)	/ 2 )
=	-1 * -13.838	/	239.5975
=	5.78 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	159.364	+	90.227
=	249.591

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	125.791	+	103.813
=	229.604

IOVTEC Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -13.428	/	( (265.72	+	229.604)	/ 2 )
=	-1 * -13.428	/	247.662
=	5.42 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	168.146	+	97.574
=	265.72

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	125.791	+	103.813
=	229.604

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

IOVTEC Co (ROCO:7583) Effective Interest Rate on Debt % Explanation

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

IOVTEC Co Effective Interest Rate on Debt % Related Terms

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IOVTEC Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » IOVTEC Co Ltd (ROCO:7583) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

No. 89, Section 5, Nanjing East Road, 9th Floor, Songshan District, Taipei, TWN, 105409

Website

https://www.iog-tw.com

IOVTEC Co Ltd formerly International Ocean Vessel Technical Consuitant Co Ltd is a Taiwan based company operating offering integrated services across multiple sectors. It is a local survey company that steps into the offshore wind market in Taiwan to provide integrated offshore wind services for the country's landmark projects. The company provides the services in following areas such as Marine services and Land services. Marine services include Site Appraisal and Concept Design, Foundation Design and UXO Risk Mitigation. Land services include Track Twin, Vegetation Control and Site characterization.

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