Jinyoung Co (XKRX:285800) Effective Interest Rate on Debt % : 2.55% (As of Mar. 2024)

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What is Jinyoung 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. Jinyoung Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₩175 Mil. Jinyoung Co's average total debt for the quarter that ended in Mar. 2024 was ₩6,861 Mil. Therefore, Jinyoung Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.55%.

Jinyoung Co Effective Interest Rate on Debt % Historical Data

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

Jinyoung Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

2.81

2.31

3.27

3.94

Jinyoung Co Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			3.99	4.16	1.59	3.30	2.55

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

For the Furnishings, Fixtures & Appliances subindustry, Jinyoung 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.

Jinyoung Co's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Jinyoung Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Jinyoung Co Effective Interest Rate on Debt % Calculation

Jinyoung 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 * -506.029	/	( (21040.834	+	4661.688)	/ 2 )
=	-1 * -506.029	/	12851.261
=	3.94 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11627.443	+	9413.391
=	21040.834

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1055.985	+	3605.703
=	4661.688

Jinyoung 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 * -174.784	/	( (4661.688	+	9059.852)	/ 2 )
=	-1 * -174.784	/	6860.77
=	2.55 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1055.985	+	3605.703
=	4661.688

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6010.319	+	3049.533
=	9059.852

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.

Jinyoung Co (XKRX:285800) Effective Interest Rate on Debt % Explanation

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

Jinyoung Co Effective Interest Rate on Debt % Related Terms

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Jinyoung Co (XKRX:285800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Jinyoung Co Ltd (XKRX:285800) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

129 Majung-ro, Seo-gu, Incheon, KOR

Website

http://www.jyp21.co.kr

Jinyoung Co Ltd specializing in surface finishing sheet and edge for furniture business activity.

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