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Globaltec Formation Bhd (XKLS:5220) Effective Interest Rate on Debt % : 2.58% (As of Mar. 2024)


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What is Globaltec Formation 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. Globaltec Formation Bhd's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was RM0.4 Mil. Globaltec Formation Bhd's average total debt for the quarter that ended in Mar. 2024 was RM15.0 Mil. Therefore, Globaltec Formation Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.58%.


Globaltec Formation Bhd Effective Interest Rate on Debt % Historical Data

The historical data trend for Globaltec Formation 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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Globaltec Formation Bhd Effective Interest Rate on Debt % Chart

Globaltec Formation Bhd Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.21 6.01 4.84 5.96 7.39

Globaltec Formation 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.85 6.68 20.99 8.74 2.58

Competitive Comparison of Globaltec Formation Bhd's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Globaltec Formation 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.


Globaltec Formation Bhd's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Globaltec Formation Bhd's Effective Interest Rate on Debt % distribution charts can be found below:

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



Globaltec Formation Bhd Effective Interest Rate on Debt % Calculation

Globaltec Formation Bhd's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -0.77/( (10.475+10.361)/ 2 )
=-1  *  -0.77/10.418
=7.39 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.267 + 8.208
=10.475

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.589 + 6.772
=10.361

Globaltec Formation 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  *  -0.388/( (7.916+22.117)/ 2 )
=-1  *  -0.388/15.0165
=2.58 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.734 + 5.182
=7.916

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.852 + 7.265
=22.117

* 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.

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.


Globaltec Formation Bhd  (XKLS:5220) Effective Interest Rate on Debt % Explanation

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


Globaltec Formation Bhd Effective Interest Rate on Debt % Related Terms

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Globaltec Formation Bhd (XKLS:5220) Business Description

Traded in Other Exchanges
N/A
Address
No. 2A, Jalan Stesen Sentral 2, Unit 23A-12, Menara Q Sentral, Kuala Lumpur Sentral, Kuala Lumpur, SGR, MYS, 50470
Globaltec Formation Bhd is an auto parts manufacturer. Its business is divided into four reportable segments namely Integrated Manufacturing Services (IMS), Resources, Energy, and Investment Holding. The IMS segment deals with designing and manufacturing automotive components, and it also consists of the precision machining, stamping, and tooling arm and the semiconductor division. The Resources segment includes the oil palm plantation and coal mining divisions. The Energy segment includes oil and gas exploration, production, and services. Lastly, the Investment Holding segment manages the company's investments in subsidiaries. The company has operations in many countries, but it generates the majority of its revenue from the IMS segment.

Globaltec Formation Bhd (XKLS:5220) Headlines

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