Apex Intec Co (XKRX:207490) Effective Interest Rate on Debt % : 3.03% (As of Dec. 2023)

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What is Apex Intec 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. Apex Intec Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₩318 Mil. Apex Intec Co's average total debt for the quarter that ended in Dec. 2023 was ₩10,484 Mil. Therefore, Apex Intec Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.03%.

Apex Intec Co Effective Interest Rate on Debt % Historical Data

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

Apex Intec Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

3.09

2.25

2.03

2.48

3.03

Apex Intec Co Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			3.09	2.25	2.03	2.48	3.03

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

For the Electrical Equipment & Parts subindustry, Apex Intec 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.

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

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

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

Apex Intec Co Effective Interest Rate on Debt % Calculation

Apex Intec 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 * -318.053	/	( (11065.172	+	9903.059)	/ 2 )
=	-1 * -318.053	/	10484.1155
=	3.03 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4599.304	+	6465.868
=	11065.172

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1160.612	+	8742.447
=	9903.059

Apex Intec Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -318.053	/	( (11065.172	+	9903.059)	/ 2 )
=	-1 * -318.053	/	10484.1155
=	3.03 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4599.304	+	6465.868
=	11065.172

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1160.612	+	8742.447
=	9903.059

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 one times the annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Apex Intec Co (XKRX:207490) Effective Interest Rate on Debt % Explanation

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

Apex Intec Co Effective Interest Rate on Debt % Related Terms

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Apex Intec Co (XKRX:207490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Apex Intec Co Ltd (XKRX:207490) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

619-9, Indonggasan-Ro, Gasan-Myeon, Gyeongbuk, Chilgok-Gun, KOR

Website

http://www.apexint.co.kr

Apex Intec Co Ltd is engaged in designing and manufacturing of LED design. The company's products include LED indoor and outdoor lighting, architechural lighting, and innovative solar power generation device.

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