Taewoong Logistics Co (XKRX:124560) Effective Interest Rate on Debt % : 6.13% (As of Mar. 2024)

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What is Taewoong Logistics 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. Taewoong Logistics Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₩5,108 Mil. Taewoong Logistics Co's average total debt for the quarter that ended in Mar. 2024 was ₩83,291 Mil. Therefore, Taewoong Logistics Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.13%.

Taewoong Logistics Co Effective Interest Rate on Debt % Historical Data

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

Taewoong Logistics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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7.04

8.01

7.21

2.65

3.56

Taewoong Logistics 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															5.61	5.93	7.20	7.29	6.13

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

For the Integrated Freight & Logistics subindustry, Taewoong Logistics 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.

Taewoong Logistics Co's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Taewoong Logistics Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Taewoong Logistics Co Effective Interest Rate on Debt % Calculation

Taewoong Logistics Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -2542.27	/	( (67706.351	+	75096.099)	/ 2 )
=	-1 * -2542.27	/	71401.225
=	3.56 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13621.026	+	54085.325
=	67706.351

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23350.283	+	51745.816
=	75096.099

Taewoong Logistics 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 * -5108.372	/	( (76599.222	+	89982.334)	/ 2 )
=	-1 * -5108.372	/	83290.778
=	6.13 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18520.631	+	58078.591
=	76599.222

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29931.924	+	60050.41
=	89982.334

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.

Taewoong Logistics Co (XKRX:124560) Effective Interest Rate on Debt % Explanation

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

Taewoong Logistics Co Effective Interest Rate on Debt % Related Terms

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Taewoong Logistics Co (XKRX:124560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taewoong Logistics Co Ltd (XKRX:124560) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

Teheran-ro, 37-gill, 9th Floor, 13-6, Gangnam-gu, Seoul, KOR

Website

http://www.e-tgl.com

Taewoong Logistics Co Ltd is a logistics company with its multiple transport services by sea, air, bulk project, and inland transportation.

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