King Slide Works Co (TPE:2059) Effective Interest Rate on Debt % : 1.54% (As of Mar. 2024)

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What is King Slide Works 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. King Slide Works Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NT$36 Mil. King Slide Works Co's average total debt for the quarter that ended in Mar. 2024 was NT$2,321 Mil. Therefore, King Slide Works Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.54%.

King Slide Works Co Effective Interest Rate on Debt % Historical Data

The historical data trend for King Slide Works 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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King Slide Works Co Effective Interest Rate on Debt % Chart

King Slide Works Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.95

1.06

0.71

0.59

1.45

King Slide Works Co 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															1.19	1.42	1.54	1.47	1.54

Competitive Comparison of King Slide Works Co's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, King Slide Works 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.

King Slide Works Co's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, King Slide Works Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

King Slide Works Co Effective Interest Rate on Debt % Calculation

King Slide Works 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 * -30.348	/	( (1876.509	+	2308.283)	/ 2 )
=	-1 * -30.348	/	2092.396
=	1.45 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1499.446	+	377.063
=	1876.509

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1883.034	+	425.249
=	2308.283

King Slide Works Co'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 * -35.788	/	( (2308.283	+	2332.885)	/ 2 )
=	-1 * -35.788	/	2320.584
=	1.54 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1883.034	+	425.249
=	2308.283

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1902.666	+	430.219
=	2332.885

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.

King Slide Works Co (TPE:2059) Effective Interest Rate on Debt % Explanation

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

King Slide Works Co Effective Interest Rate on Debt % Related Terms

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King Slide Works Co (TPE:2059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » King Slide Works Co Ltd (TPE:2059) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

No. 136, Lane 275, Shun An Road, Lu Chu District, Kaohsiung, TWN, 82150

Website

https://www.kingslide.com

King Slide Works Co Ltd is a Taiwan-based company that manufactures and distributes electronic parts and components. The company operates primarily through two subsidiaries: King Slide Works and King Slide Technology. King Slide Works is a Taiwan-based company that develops, manufactures, and markets furniture accessories, including under-mount slides, ball-bearing slides, epoxy-coated drawer slides, and hinges. King Slide Technology develops and manufactures high-precision metal components applied in computer, communications, and consumer electronics products. The company has a global presence, with Taiwan, America, and China being its three largest markets.

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