Shin Hwa Dynamics Co (XKRX:001770) Effective Interest Rate on Debt % : 3.88% (As of Mar. 2024)

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What is Shin Hwa Dynamics Co 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. Shin Hwa Dynamics Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₩466 Mil. Shin Hwa Dynamics Co's average total debt for the quarter that ended in Mar. 2024 was ₩12,000 Mil. Therefore, Shin Hwa Dynamics Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.88%.

Shin Hwa Dynamics Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shin Hwa Dynamics Co'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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Shin Hwa Dynamics Co Effective Interest Rate on Debt % Chart

Shin Hwa Dynamics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.21

2.34

1.94

3.25

4.16

Shin Hwa Dynamics Co 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															4.42	4.26	4.14	4.04	3.88

Competitive Comparison of Shin Hwa Dynamics Co's Effective Interest Rate on Debt %

For the Packaging & Containers subindustry, Shin Hwa Dynamics Co'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.

Shin Hwa Dynamics Co's Effective Interest Rate on Debt % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Shin Hwa Dynamics Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shin Hwa Dynamics Co's Effective Interest Rate on Debt % falls into.

Shin Hwa Dynamics Co Effective Interest Rate on Debt % Calculation

Shin Hwa Dynamics Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -534.116	/	( (13700	+	12000)	/ 2 )
=	-1 * -534.116	/	12850
=	4.16 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	13700
=	13700

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	12000
=	12000

Shin Hwa Dynamics Co'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 * -465.6	/	( (12000	+	12000)	/ 2 )
=	-1 * -465.6	/	12000
=	3.88 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	12000
=	12000

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	12000
=	12000

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.

Shin Hwa Dynamics Co (XKRX:001770) Effective Interest Rate on Debt % Explanation

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

Shin Hwa Dynamics Co Effective Interest Rate on Debt % Related Terms

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Shin Hwa Dynamics Co (XKRX:001770) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shin Hwa Dynamics Co Ltd (XKRX:001770) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

661-4, Shiwa Industrial Complex, 706, 4Da, Seonggok-dong, Ansan-shi, Gyeonggi, KOR, 425-110

Website

http://www.shinhwatp.co.kr

Shin Hwa Dynamics Co Ltd formerly Shinhwa Silup Co Ltd is a South Korea-based company engaged in the manufacturing of tin plates. It mainly produces tin plates, which are used for a variety of food and beverage cans, including food cans, paint cans, oil cans, drug cans, and others. The company also provides black plate coils, which are cold rolled tin steel plates used as raw materials of tin plates.

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