Cloudpoint Technology Bhd (XKLS:0277) Effective Interest Rate on Debt % : 6.57% (As of Sep. 2024)

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What is Cloudpoint Technology Bhd 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. Cloudpoint Technology Bhd's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was RM0.0 Mil. Cloudpoint Technology Bhd's average total debt for the quarter that ended in Sep. 2024 was RM0.4 Mil. Therefore, Cloudpoint Technology Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 6.57%.

Cloudpoint Technology Bhd Effective Interest Rate on Debt % Historical Data

The historical data trend for Cloudpoint Technology Bhd'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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Cloudpoint Technology Bhd Effective Interest Rate on Debt % Chart

Cloudpoint Technology Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

3.56

5.69

5.46

Cloudpoint Technology Bhd Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								5.02	3.64	6.72	4.92	6.57

Competitive Comparison of Cloudpoint Technology Bhd's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Cloudpoint Technology Bhd'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.

Cloudpoint Technology Bhd's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Cloudpoint Technology Bhd's Effective Interest Rate on Debt % distribution charts can be found below:

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

Cloudpoint Technology Bhd Effective Interest Rate on Debt % Calculation

Cloudpoint Technology Bhd'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 * -0.01	/	( (0.281	+	0.085)	/ 2 )
=	-1 * -0.01	/	0.183
=	5.46 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.085	+	0.196
=	0.281

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.085
=	0.085

Cloudpoint Technology Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -0.028	/	( (0.454	+	0.398)	/ 2 )
=	-1 * -0.028	/	0.426
=	6.57 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.224	+	0.23
=	0.454

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.164	+	0.234
=	0.398

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 (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Cloudpoint Technology Bhd (XKLS:0277) Effective Interest Rate on Debt % Explanation

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

Cloudpoint Technology Bhd Effective Interest Rate on Debt % Related Terms

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Cloudpoint Technology Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cloudpoint Technology Bhd (XKLS:0277) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan Solaris, Unit J-6-13, Block J, Solaris Mont Kiara, Mont Kiara, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.cloudpoint-technology.com

Cloudpoint Technology Bhd is principally an investment holding company. Through Its subsidiary, CSSB, it is principally engaged in the provision of IT solutions comprising enterprise and data centre networking, cybersecurity solutions, professional IT services as well as cloud services and software applications. The company implements solutions and provides Its services mainly to large enterprises, particularly companies in the financial services, insurance, telecommunications industries, and other technology service providers in Malaysia. It also provides our solutions to multinational companies to cater to their operations based in Malaysia.

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