AJ Networks Co (XKRX:095570) Effective Interest Rate on Debt % : 6.02% (As of Sep. 2024)

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What is AJ Networks 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. AJ Networks Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₩72,496 Mil. AJ Networks Co's average total debt for the quarter that ended in Sep. 2024 was ₩1,204,970 Mil. Therefore, AJ Networks Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 6.02%.

AJ Networks Co Effective Interest Rate on Debt % Historical Data

The historical data trend for AJ Networks 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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AJ Networks Co Effective Interest Rate on Debt % Chart

AJ Networks Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.95

2.79

3.08

4.11

6.05

AJ Networks Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.85	6.57	5.58	5.02	6.02

Competitive Comparison of AJ Networks Co's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, AJ Networks 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.

AJ Networks Co's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, AJ Networks Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where AJ Networks Co's Effective Interest Rate on Debt % falls into.

AJ Networks Co Effective Interest Rate on Debt % Calculation

AJ Networks 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 * -61241.929	/	( (955112.275	+	1068351.392)	/ 2 )
=	-1 * -61241.929	/	1011731.8335
=	6.05 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	273044.769	+	682067.506
=	955112.275

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	514074.775	+	554276.617
=	1068351.392

AJ Networks Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -72496.412	/	( (1213258.627	+	1196681.616)	/ 2 )
=	-1 * -72496.412	/	1204970.1215
=	6.02 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	623705.968	+	589552.659
=	1213258.627

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	592728.898	+	603952.718
=	1196681.616

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

AJ Networks Co (XKRX:095570) Effective Interest Rate on Debt % Explanation

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

AJ Networks Co Effective Interest Rate on Debt % Related Terms

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AJ Networks Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » AJ Networks Co Ltd (XKRX:095570) » Definitions » Effective Interest Rate on Debt %

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Address

ACE HighEnd Tower 9th Floor, 26gil Digital-ro, Guro-gu, KOR

Website

http://www.ajurental.com

AJ Networks Co Ltd is a South Korea based company principally engaged in the business activity of providing rental services. It provides rental services for logistics pallets, IT equipment and construction equipment. The company offers products in many logistics and construction sites, corporate communications, and information technology facilities.

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