Tong Herr Resources Bhd (XKLS:5010) Effective Interest Rate on Debt % : 4.79% (As of Mar. 2024)

View and export this data going back to 1999. Start your Free Trial

What is Tong Herr Resources 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. Tong Herr Resources Bhd's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was RM0.9 Mil. Tong Herr Resources Bhd's average total debt for the quarter that ended in Mar. 2024 was RM18.2 Mil. Therefore, Tong Herr Resources Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.79%.

Tong Herr Resources Bhd Effective Interest Rate on Debt % Historical Data

The historical data trend for Tong Herr Resources 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.

* Premium members only.

Tong Herr Resources Bhd Effective Interest Rate on Debt % Chart

Tong Herr Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

2.02

1.34

0.89

2.39

3.65

Tong Herr Resources Bhd 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															4.59	4.08	5.31	5.17	4.79

Competitive Comparison of Tong Herr Resources Bhd's Effective Interest Rate on Debt %

For the Tools & Accessories subindustry, Tong Herr Resources 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.

Tong Herr Resources Bhd's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tong Herr Resources Bhd's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Tong Herr Resources Bhd's Effective Interest Rate on Debt % falls into.

Tong Herr Resources Bhd Effective Interest Rate on Debt % Calculation

Tong Herr Resources 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 * -1.097	/	( (40.145	+	19.989)	/ 2 )
=	-1 * -1.097	/	30.067
=	3.65 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.183	+	39.962
=	40.145

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.053	+	19.936
=	19.989

Tong Herr Resources Bhd'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 * -0.872	/	( (19.989	+	16.398)	/ 2 )
=	-1 * -0.872	/	18.1935
=	4.79 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.053	+	19.936
=	19.989

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.047	+	16.351
=	16.398

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

Tong Herr Resources Bhd (XKLS:5010) Effective Interest Rate on Debt % Explanation

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

Tong Herr Resources Bhd Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Tong Herr Resources Bhd's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tong Herr Resources Bhd (XKLS:5010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tong Herr Resources Bhd (XKLS:5010) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2515, Tingkat Perusahaan 4A, Perai Free Trade Zone, Perai, PNG, MYS, 13600

Website

https://www.tong.com.my

Tong Herr Resources Bhd is a Malaysia-based investment holding company. It operates through two segments namely Manufacture and sale of stainless steel fasteners and Manufacture and sale of aluminum products. The company derives maximum revenue from the Manufacture and sale of stainless steel fasteners segment. It is engaged in the production and marketing of stainless steel fasteners such as nuts, bolts, screws, and all other threaded items, aluminum extrusion, and its related products. It operates geographically across countries like Malaysia, Thailand, Germany, the United States of America, and Other countries.

Tong Herr Resources Bhd (XKLS:5010) Headlines

No Headlines