Cleanaway Co (TPE:8422) Effective Interest Rate on Debt % : 1.21% (As of Mar. 2024)

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What is Cleanaway 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. Cleanaway Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NT$88 Mil. Cleanaway Co's average total debt for the quarter that ended in Mar. 2024 was NT$7,215 Mil. Therefore, Cleanaway Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.21%.

Cleanaway Co Effective Interest Rate on Debt % Historical Data

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

Cleanaway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.91

1.04

1.19

1.32

1.42

Cleanaway 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															1.57	1.58	1.63	1.42	1.21

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

For the Waste Management subindustry, Cleanaway 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.

Cleanaway Co's Effective Interest Rate on Debt % Distribution in the Waste Management Industry

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

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

Cleanaway Co Effective Interest Rate on Debt % Calculation

Cleanaway 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 * -80.153	/	( (4479.821	+	6833.044)	/ 2 )
=	-1 * -80.153	/	5656.4325
=	1.42 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4179.439	+	300.382
=	4479.821

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5539.662	+	1293.382
=	6833.044

Cleanaway 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 * -87.572	/	( (6833.044	+	7596.785)	/ 2 )
=	-1 * -87.572	/	7214.9145
=	1.21 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5539.662	+	1293.382
=	6833.044

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6195.502	+	1401.283
=	7596.785

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.

Cleanaway Co (TPE:8422) Effective Interest Rate on Debt % Explanation

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

Cleanaway Co Effective Interest Rate on Debt % Related Terms

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Cleanaway Co (TPE:8422) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cleanaway Co Ltd (TPE:8422) » Definitions » Effective Interest Rate on Debt %

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Address

No. 308, Zhongshan South Road, 1st Floor, Houhong Village, Gangshan District, Kaohsiung, TWN, 820

Website

https://www.cleanaway.tw

Cleanaway Co Ltd offers one-stop-shop services for treating forms of waste. It treats various industrial and hazardous waste materials and owns private landfills for final disposal in Taiwan. The company provides systems for daily activities and solutions for cleaning up contaminated sites. Cleaning an entire location can require on-site sampling and experimental studies to return the location to its natural form. Cleanway provides technologies, contracts, clearance, and transportation to the designated landfill, and it enforces strict compliance with all regulations. Part of the process focuses on quality control and random testing to prevent non-treated or unapproved wastes from entering the company's landfills.

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