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Weleader Biomedical Co (ROCO:7713) Effective Interest Rate on Debt % : 0.79% (As of Jun. 2024)


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What is Weleader Biomedical 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. Weleader Biomedical Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was NT$5.7 Mil. Weleader Biomedical Co's average total debt for the quarter that ended in Jun. 2024 was NT$716.0 Mil. Therefore, Weleader Biomedical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 0.79%.

Weleader Biomedical Co Effective Interest Rate on Debt % Historical Data

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

Weleader Biomedical Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
1.95 1.70 0.85 0.86

Weleader Biomedical Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Effective Interest Rate on Debt % Get a 7-Day Free Trial 2.76 0.08 0.77 0.98 0.79

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

For the Medical Devices subindustry, Weleader Biomedical 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.

Weleader Biomedical Co's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

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

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


Weleader Biomedical Co Effective Interest Rate on Debt % Calculation

Weleader Biomedical 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  *  -5.692/( (701.246+625.998)/ 2 )
=-1  *  -5.692/663.622
=0.86 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=515.447 + 185.799
=701.246

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=477.403 + 148.595
=625.998

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -5.692/( (625.998+805.96)/ 2 )
=-1  *  -5.692/715.979
=0.79 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=477.403 + 148.595
=625.998

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=648.135 + 157.825
=805.96

* 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.

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

Weleader Biomedical Co  (ROCO:7713) Effective Interest Rate on Debt % Explanation

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

Weleader Biomedical Co Effective Interest Rate on Debt % Related Terms

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Weleader Biomedical Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Weleader Biomedical Co Ltd (ROCO:7713) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
N/A
Address
No. 80, Minzu 1st Road, Floor 19, Sanmin District, Kaohsiung, TWN
Website
https://www.weleader.com.tw
Weleader Biomedical Co Ltd is mainly engages in the sales of medical testing reagents and medical devices; and the leasing of testing instruments.

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