Infinite Finance Co (TPE:6958) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2024)

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What is Infinite Finance 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. Infinite Finance Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was NT$0 Mil. Infinite Finance Co's average total debt for the quarter that ended in Jun. 2024 was NT$69,673 Mil. Therefore, Infinite Finance Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 0.00%.

Infinite Finance Co Effective Interest Rate on Debt % Historical Data

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

Infinite Finance Co Annual Data

Trend

Dec22

Dec23

Effective Interest Rate on Debt %

Infinite Finance Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	-	-	-	-	-

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

For the Credit Services subindustry, Infinite Finance 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.

Infinite Finance Co's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Infinite Finance Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Infinite Finance Co Effective Interest Rate on Debt % Calculation

Infinite Finance 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 * 0	/	( (57116.638	+	66902.619)	/ 2 )
=	-1 * 0	/	62009.6285
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13317.419	+	43799.219
=	57116.638

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9179.788	+	57722.831
=	66902.619

Infinite Finance 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 * 0	/	( (66902.619	+	72442.83)	/ 2 )
=	-1 * 0	/	69672.7245
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9179.788	+	57722.831
=	66902.619

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10980.038	+	61462.792
=	72442.83

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.

Infinite Finance Co (TPE:6958) Effective Interest Rate on Debt % Explanation

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

Infinite Finance Co Effective Interest Rate on Debt % Related Terms

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Infinite Finance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Infinite Finance Co Ltd (TPE:6958) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.68, Songjiang Road, 7th Floor, Zhongshan District, Taipei, TWN

Website

https://www.inftfinance.com

Infinite Finance Co Ltd provides various types of vehicle loans for heavy vehicles, tour buses, vans, and small passenger cars, Its operations comprise procurement loans for heavy vehicles, tour buses, vans, and small passenger cars; procurement loans and leasing services for various types of construction and engineering equipment include cranes, excavators, loaders, stackers, piling machines; letter of credit for imported machinery services; green energy financing and other services.

Infinite Finance Co Headlines

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