LB Aluminium Bhd (XKLS:9326) Effective Interest Rate on Debt % : 3.58% (As of Jan. 2024)

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What is LB Aluminium 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. LB Aluminium Bhd's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was RM8.5 Mil. LB Aluminium Bhd's average total debt for the quarter that ended in Jan. 2024 was RM237.3 Mil. Therefore, LB Aluminium Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 3.58%.

LB Aluminium Bhd Effective Interest Rate on Debt % Historical Data

The historical data trend for LB Aluminium 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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LB Aluminium Bhd Effective Interest Rate on Debt % Chart

LB Aluminium Bhd Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

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4.81

4.35

2.90

3.06

3.98

LB Aluminium Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.38	3.82	3.46	3.68	3.58

Competitive Comparison of LB Aluminium Bhd's Effective Interest Rate on Debt %

For the Aluminum subindustry, LB Aluminium 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.

LB Aluminium Bhd's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, LB Aluminium Bhd's Effective Interest Rate on Debt % distribution charts can be found below:

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

LB Aluminium Bhd Effective Interest Rate on Debt % Calculation

LB Aluminium Bhd's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -9.618	/	( (262.688	+	220.391)	/ 2 )
=	-1 * -9.618	/	241.5395
=	3.98 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.387	+	231.301
=	262.688

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	95.703	+	124.688
=	220.391

LB Aluminium Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -8.492	/	( (248.635	+	226.059)	/ 2 )
=	-1 * -8.492	/	237.347
=	3.58 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	111.615	+	137.02
=	248.635

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	87.958	+	138.101
=	226.059

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

LB Aluminium Bhd (XKLS:9326) Effective Interest Rate on Debt % Explanation

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

LB Aluminium Bhd Effective Interest Rate on Debt % Related Terms

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LB Aluminium Bhd (XKLS:9326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » LB Aluminium Bhd (XKLS:9326) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Lot 11, Jalan Perusahaan 1, Kawasan Perusahaan Beranang, Semenyih, Beranang, SGR, MYS, 43700

Website

https://www.lbalum.com

LB Aluminium Bhd is engaged in the business of manufacturing, marketing, and trading aluminum extrusions. The company reports in two segments that are Aluminium and Property development. Their product acts as a raw material for transport, construction, consumer goods, packaging as well as electrical engineering due to its lightweight, excellent conductor of electricity, and durability in nature. Some of its products and services include Aluminium Extrusion, Aluminium Sheets / Coil, Fitting and accessories, Extrusion Presses, and Anodising. Its geographical segments include Malaysia, Singapore, North America, and Others.

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