Turbo-Mech Bhd (XKLS:5167) Effective Interest Rate on Debt % : 3.82% (As of Dec. 2024)

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What is Turbo-Mech 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. Turbo-Mech Bhd's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was RM0.09 Mil. Turbo-Mech Bhd's average total debt for the quarter that ended in Dec. 2024 was RM2.30 Mil. Therefore, Turbo-Mech Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 3.82%.

Turbo-Mech Bhd Effective Interest Rate on Debt % Historical Data

The historical data trend for Turbo-Mech 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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Turbo-Mech Bhd Effective Interest Rate on Debt % Chart

Turbo-Mech Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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3.28

3.32

3.35

3.40

3.44

Turbo-Mech Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.21	3.14	3.31	3.22	3.82

Competitive Comparison of Turbo-Mech Bhd's Effective Interest Rate on Debt %

For the Industrial Distribution subindustry, Turbo-Mech 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.

Turbo-Mech Bhd's Effective Interest Rate on Debt % Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Turbo-Mech Bhd's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Turbo-Mech Bhd's Effective Interest Rate on Debt % falls into.

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Turbo-Mech Bhd Effective Interest Rate on Debt % Calculation

Turbo-Mech Bhd's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -0.085	/	( (2.667	+	2.269)	/ 2 )
=	-1 * -0.085	/	2.468
=	3.44 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.446	+	0.221
=	2.667

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.101	+	0.168
=	2.269

Turbo-Mech Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -0.088	/	( (2.335	+	2.269)	/ 2 )
=	-1 * -0.088	/	2.302
=	3.82 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.108	+	0.227
=	2.335

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.101	+	0.168
=	2.269

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

Turbo-Mech Bhd (XKLS:5167) Effective Interest Rate on Debt % Explanation

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

Turbo-Mech Bhd Effective Interest Rate on Debt % Related Terms

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Turbo-Mech Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Turbo-Mech Bhd (XKLS:5167) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

39-5, Jalan PJU 1/41, Block D1, Dataran Prima, Petaling Jaya, SGR, MYS, 47301

Website

https://www.turbomech.com.my

Turbo-Mech Bhd is an investment holding company. It is engaged in the sales of rotating equipment and spare parts and the provision of maintenance and overhaul services. The company sells spare parts for the oil, gas, and petrochemical industries. It offers centrifugal, metering, progressing cavity, cryogenic, firewater, & non-seal pumps and chemical injection skids, air compressors, cooling tower fan and air cool heat exchangers, and steam turbines. The company's geographical segments are Malaysia, Singapore, Indonesia, the Philippines, and Thailand.

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