VCIG (VCI Global) Effective Interest Rate on Debt % : 2.83% (As of Jun. 2024)

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What is VCI Global 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. VCI Global's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $0.01 Mil. VCI Global's average total debt for the quarter that ended in Jun. 2024 was $0.42 Mil. Therefore, VCI Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 2.83%.

VCI Global Effective Interest Rate on Debt % Historical Data

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

VCI Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

8.68

3.12

4.52

VCI Global Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			1.45	5.87	1.58	7.91	2.83

Competitive Comparison of VCI Global's Effective Interest Rate on Debt %

For the Consulting Services subindustry, VCI Global'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.

VCI Global's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, VCI Global's Effective Interest Rate on Debt % distribution charts can be found below:

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

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VCI Global Effective Interest Rate on Debt % Calculation

VCI Global'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 * -0.02	/	( (0.417	+	0.468)	/ 2 )
=	-1 * -0.02	/	0.4425
=	4.52 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.166	+	0.251
=	0.417

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.17	+	0.298
=	0.468

VCI Global'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 * -0.012	/	( (0.468	+	0.379)	/ 2 )
=	-1 * -0.012	/	0.4235
=	2.83 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.17	+	0.298
=	0.468

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.093	+	0.286
=	0.379

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.

VCI Global (NAS:VCIG) Effective Interest Rate on Debt % Explanation

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

VCI Global Effective Interest Rate on Debt % Related Terms

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VCI Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » VCI Global Ltd (NAS:VCIG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Jalan Bangsar 59200, B03-C-8 Menara 3A, KL Eco City, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.v-capital.co

VCI Global Ltd is a holding company. The principal activities of the Company and its subsidiaries are the provision of business Strategy consultancy and technology development solution consultancy. The firm organized its consulting services into three main segments: Business Strategy Consultancy; Technology Consultancy; and Others. It derives the majority of its revenue from the Business Strategy Consultancy segment which focuses on listing solutions, investor relations, and boardroom strategies consultancy. It has established a diverse local and international clientele, providing them with its services in both local and cross-border listings. Its role begins with pre-listing diagnosis and planning to the finalization of the entire listing process.