Ni Hsin Group Bhd (XKLS:7215) Effective Interest Rate on Debt % : 7.10% (As of Dec. 2024)

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What is Ni Hsin Group 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. Ni Hsin Group Bhd's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was RM0.61 Mil. Ni Hsin Group Bhd's average total debt for the quarter that ended in Dec. 2024 was RM8.62 Mil. Therefore, Ni Hsin Group Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 7.10%.

Ni Hsin Group Bhd Effective Interest Rate on Debt % Historical Data

The historical data trend for Ni Hsin Group 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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Ni Hsin Group Bhd Effective Interest Rate on Debt % Chart

Ni Hsin Group Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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6.31

13.84

15.14

9.99

7.53

Ni Hsin Group 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															12.61	14.53	10.64	9.62	7.10

Competitive Comparison of Ni Hsin Group Bhd's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Ni Hsin Group 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.

Ni Hsin Group Bhd's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ni Hsin Group Bhd's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Ni Hsin Group Bhd's Effective Interest Rate on Debt % falls into.

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Ni Hsin Group Bhd Effective Interest Rate on Debt % Calculation

Ni Hsin Group 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 * -0.493	/	( (2.906	+	10.189)	/ 2 )
=	-1 * -0.493	/	6.5475
=	7.53 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.325	+	0.581
=	2.906

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.734	+	4.455
=	10.189

Ni Hsin Group 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 * -0.612	/	( (7.041	+	10.189)	/ 2 )
=	-1 * -0.612	/	8.615
=	7.10 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.331	+	3.71
=	7.041

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.734	+	4.455
=	10.189

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.

Ni Hsin Group Bhd (XKLS:7215) Effective Interest Rate on Debt % Explanation

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

Ni Hsin Group Bhd Effective Interest Rate on Debt % Related Terms

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Ni Hsin Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ni Hsin Group Bhd (XKLS:7215) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

7215PA.PFD:Malaysia

Address

45, Jalan Taming Dua, Taman Taming Jaya, Seri Kembangan, SGR, MYS, 43300

Website

https://www.ni-hsin.com

Ni Hsin Group Bhd is a manufacturer of premium stainless-steel multi-ply cookware in Malaysia. The business of the company is organized into the following product segments, Cookware, Stainless-steel products, Food and beverages, Logistics services, and Electric vehicles. The products manufactured and sold under the cookware segment include premium multi-ply stainless steel cookware and pressure cookers which are sold locally and exported overseas.

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