Straco (SGX:S85) Effective Interest Rate on Debt % : 3.01% (As of Dec. 2023)

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What is Straco 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. Straco's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was S$1.42 Mil. Straco's average total debt for the quarter that ended in Dec. 2023 was S$47.09 Mil. Therefore, Straco's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.01%.

Straco Effective Interest Rate on Debt % Historical Data

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

Straco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.77

2.80

2.91

3.04

3.01

Straco Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.85	3.05	3.01	3.02	3.01

Competitive Comparison of Straco's Effective Interest Rate on Debt %

For the Leisure subindustry, Straco'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.

Straco's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Straco's Effective Interest Rate on Debt % distribution charts can be found below:

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

Straco Effective Interest Rate on Debt % Calculation

Straco'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 * -1.437	/	( (48.974	+	46.515)	/ 2 )
=	-1 * -1.437	/	47.7445
=	3.01 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46.788	+	2.186
=	48.974

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.284	+	2.231
=	46.515

Straco'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 * -1.416	/	( (47.655	+	46.515)	/ 2 )
=	-1 * -1.416	/	47.085
=	3.01 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45.452	+	2.203
=	47.655

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.284	+	2.231
=	46.515

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.

Straco (SGX:S85) Effective Interest Rate on Debt % Explanation

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

Straco Effective Interest Rate on Debt % Related Terms

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Straco (SGX:S85) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Straco Corp Ltd (SGX:S85) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

10 Anson Road, No. 30-15 International Plaza, Singapore, SGP, 079903

Website

https://www.stracocorp.com

Straco Corp Ltd is a Singapore-based company involved in the development and management of tourism-related businesses. The group operates in two segments, Aquariums and Giant Observation Wheel. Aquariums represent the operation of aquatic-related facilities and tourist attractions, including sea mammal performances. Retail, food, and beverage are auxiliary goods and services arising from the operation of the above facilities. Giant Observation Wheel (GOW) represents the operation of a circular giant observation structure, and provision of commercial space. The company generates its majority of the revenue from Aquariums segment.

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