SMEC Co (XKRX:099440) Effective Interest Rate on Debt % : 5.33% (As of Jun. 2024)

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What is SMEC 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. SMEC Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ₩3,588 Mil. SMEC Co's average total debt for the quarter that ended in Jun. 2024 was ₩67,282 Mil. Therefore, SMEC Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 5.33%.

SMEC Co Effective Interest Rate on Debt % Historical Data

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

SMEC Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.07

3.35

3.71

5.62

6.27

SMEC Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.04	4.91	5.62	4.51	5.33

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

For the Specialty Industrial Machinery subindustry, SMEC 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.

SMEC Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, SMEC Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

SMEC Co Effective Interest Rate on Debt % Calculation

SMEC 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 * -4478.878	/	( (72368.251	+	70415.692)	/ 2 )
=	-1 * -4478.878	/	71391.9715
=	6.27 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7822.154	+	64546.097
=	72368.251

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5902.227	+	64513.465
=	70415.692

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -3587.56	/	( (66841.698	+	67721.823)	/ 2 )
=	-1 * -3587.56	/	67281.7605
=	5.33 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5564.46	+	61277.238
=	66841.698

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5074.642	+	62647.181
=	67721.823

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

SMEC Co (XKRX:099440) Effective Interest Rate on Debt % Explanation

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

SMEC Co Effective Interest Rate on Debt % Related Terms

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SMEC Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SMEC Co Ltd (XKRX:099440) » Definitions » Effective Interest Rate on Debt %

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Address

666 Gasul-ri, Daesan-myeon, Changwon, Ulsan, Gyeongsangnam-do, KOR, 8231500-4800

Website

http://www.esmec.com

SMEC Co Ltd manufactures and sells machine tools, semiconductor and telecommunication equipment, robots, and laser equipment. The company offers machine tools, such as CNC lathes, machining center; parts; and robots associated with LCD production. It also provides network solutions, such as trunk, signaling, media, video, and IMS media gateways, as well as media gateway controllers, media resource function solutions, and session border controllers; LTE gateway solutions, including LTE SmallCell, evolved packet data, and trusted wireless access gateways; and WiFi solutions comprising WiFi access points and WiFi AP controllers. In addition, the company offers military satellite communication system; Internet of things; digital radio communication system solutions.

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