Mieco Chipboard Bhd (XKLS:5001) Effective Interest Rate on Debt % : 6.98% (As of Dec. 2023)

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What is Mieco Chipboard 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. Mieco Chipboard Bhd's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was RM16.0 Mil. Mieco Chipboard Bhd's average total debt for the quarter that ended in Dec. 2023 was RM228.8 Mil. Therefore, Mieco Chipboard Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.98%.

Mieco Chipboard Bhd Effective Interest Rate on Debt % Historical Data

The historical data trend for Mieco Chipboard 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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Mieco Chipboard Bhd Effective Interest Rate on Debt % Chart

Mieco Chipboard Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.45

5.16

5.00

4.97

6.75

Mieco Chipboard Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.59	5.62	6.51	6.44	6.98

Competitive Comparison of Mieco Chipboard Bhd's Effective Interest Rate on Debt %

For the Lumber & Wood Production subindustry, Mieco Chipboard 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.

Mieco Chipboard Bhd's Effective Interest Rate on Debt % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mieco Chipboard Bhd's Effective Interest Rate on Debt % distribution charts can be found below:

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

Mieco Chipboard Bhd Effective Interest Rate on Debt % Calculation

Mieco Chipboard 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 * -13.261	/	( (167.563	+	225.626)	/ 2 )
=	-1 * -13.261	/	196.5945
=	6.75 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	74.36	+	93.203
=	167.563

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	109.832	+	115.794
=	225.626

Mieco Chipboard Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -15.976	/	( (231.999	+	225.626)	/ 2 )
=	-1 * -15.976	/	228.8125
=	6.98 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	113.555	+	118.444
=	231.999

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	109.832	+	115.794
=	225.626

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Mieco Chipboard Bhd (XKLS:5001) Effective Interest Rate on Debt % Explanation

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

Mieco Chipboard Bhd Effective Interest Rate on Debt % Related Terms

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Mieco Chipboard Bhd (XKLS:5001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Mieco Chipboard Bhd (XKLS:5001) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Indah 2/6, No. 1, Block C, Taman Indah, Batu 11, Cheras, SGR, MYS, 43200

Website

https://www.mieco.com.my

Mieco Chipboard Bhd is an investment holding company. It is also engaged in the provision of management services. The core business includes the manufacturing and distribution of particle boards also known as chipboards, with the primary focus on plain boards and melamine-faced boards. In addition, its other operation comprises investment holding. Its product includes mieco plain board and mieco decorative melamine-faced chipboard. These products are commonly used as core materials for home and office furniture. Geographically company operates across Malaysia, Hong Kong, and China.

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