GIIB Holdings Bhd (XKLS:7192) Effective Interest Rate on Debt % : 15.19% (As of Mar. 2024)

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What is GIIB Holdings 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. GIIB Holdings Bhd's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was RM1.12 Mil. GIIB Holdings Bhd's average total debt for the quarter that ended in Mar. 2024 was RM7.37 Mil. Therefore, GIIB Holdings Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 15.19%.

GIIB Holdings Bhd Effective Interest Rate on Debt % Historical Data

The historical data trend for GIIB Holdings 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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GIIB Holdings Bhd Effective Interest Rate on Debt % Chart

GIIB Holdings Bhd Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Jun19

Jun23

Effective Interest Rate on Debt %

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4.02

4.91

3.58

3.74

2.71

GIIB Holdings Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.71	6.02	12.06	19.10	15.19

Competitive Comparison of GIIB Holdings Bhd's Effective Interest Rate on Debt %

For the Auto Parts subindustry, GIIB Holdings 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.

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

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

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

GIIB Holdings Bhd Effective Interest Rate on Debt % Calculation

GIIB Holdings 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. 2019 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.989	/	( (64.203	+	8.916)	/ 2 )
=	-1 * -0.989	/	36.5595
=	2.71 %

where

	Total Debt (A: Jun. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.657	+	44.546
=	64.203

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.814	+	6.102
=	8.916

GIIB Holdings 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 * -1.12	/	( (7.083	+	7.659)	/ 2 )
=	-1 * -1.12	/	7.371
=	15.19 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.194	+	6.889
=	7.083

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.194	+	7.465
=	7.659

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.

GIIB Holdings Bhd (XKLS:7192) Effective Interest Rate on Debt % Explanation

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

GIIB Holdings Bhd Effective Interest Rate on Debt % Related Terms

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GIIB Holdings Bhd (XKLS:7192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » GIIB Holdings Bhd (XKLS:7192) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot PT 1654 and PT 1657, Nilai Industrial Estate, Darul Khusus, Nilai, NSN, MYS, 71800

Website

https://www.giibworld.com

GIIB Holdings Bhd develops, manufactures, and markets rubber compounds and rubber related products in Malaysia. The company's operating segment includes Rubber compounds; Property development; Re-treading services; Trading and Others. It generates maximum revenue from the Rubber compounds segment. Geographically, it derives a majority of revenue from Malaysia and also has a presence in Europe; the Rest of Asia; Oceanic; Africa, and North America. The firm offers its products under the Supercool, Tough Tread and Rubtek brands.

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