Starflex Co (XKRX:115570) Effective Interest Rate on Debt % : 4.85% (As of Mar. 2024)

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What is Starflex 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. Starflex Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₩890 Mil. Starflex Co's average total debt for the quarter that ended in Mar. 2024 was ₩18,341 Mil. Therefore, Starflex Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.85%.

Starflex Co Effective Interest Rate on Debt % Historical Data

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

Starflex Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.88

3.36

3.26

4.38

5.04

Starflex 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															5.19	5.94	4.77	5.38	4.85

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

For the Specialty Business Services subindustry, Starflex 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.

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

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

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

Starflex Co Effective Interest Rate on Debt % Calculation

Starflex 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 * -1126.003	/	( (26559.641	+	18158.123)	/ 2 )
=	-1 * -1126.003	/	22358.882
=	5.04 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56.439	+	26503.202
=	26559.641

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.451	+	18129.672
=	18158.123

Starflex 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 * -890.34	/	( (18158.123	+	18524.228)	/ 2 )
=	-1 * -890.34	/	18341.1755
=	4.85 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.451	+	18129.672
=	18158.123

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.744	+	18504.484
=	18524.228

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.

Starflex Co (XKRX:115570) Effective Interest Rate on Debt % Explanation

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

Starflex Co Effective Interest Rate on Debt % Related Terms

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Starflex Co (XKRX:115570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Starflex Co Ltd (XKRX:115570) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

417 Daeseong-ro, Chungchonbuk-do, Eumseong-gun, KOR

Website

http://www.star-flex.com

Starflex Co Ltd is a Korea based company engaged in offering PVC flex products under the brand Starflex. The company offered products are important in digital printing, billboards, building murals, light boxes, and screen printing. Along with selling products in Korea, the company also supply its products around the globe, including Asia, North America, Central and South America, Europe, Middle East, and Africa, among other places. The products produced by the company are frontlit, backlit, blockout, solit series, self-adhesive vinyl, coated flex, textile, LED brand and Form board brand.

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