Thaire Life Assurance PCL (BKK:THREL) Effective Interest Rate on Debt % : 7.59% (As of Mar. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Thaire Life Assurance PCL 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. Thaire Life Assurance PCL's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ฿0 Mil. Thaire Life Assurance PCL's average total debt for the quarter that ended in Mar. 2024 was ฿3 Mil. Therefore, Thaire Life Assurance PCL's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.59%.

Thaire Life Assurance PCL Effective Interest Rate on Debt % Historical Data

The historical data trend for Thaire Life Assurance PCL'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.

* Premium members only.

Thaire Life Assurance PCL Effective Interest Rate on Debt % Chart

Thaire Life Assurance PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

7.74

6.39

3.39

3.95

Thaire Life Assurance PCL 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															-	-	7.75	7.52	7.59

Competitive Comparison of Thaire Life Assurance PCL's Effective Interest Rate on Debt %

For the Insurance - Reinsurance subindustry, Thaire Life Assurance PCL'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.

Thaire Life Assurance PCL's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Thaire Life Assurance PCL's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Thaire Life Assurance PCL's Effective Interest Rate on Debt % falls into.

Thaire Life Assurance PCL Effective Interest Rate on Debt % Calculation

Thaire Life Assurance PCL'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 * -0.113	/	( (0	+	2.86)	/ 1 )
=	-1 * -0.113	/	2.86
=	3.95 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.305	+	0.555
=	2.86

Thaire Life Assurance PCL'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 * -0.212	/	( (2.86	+	2.725)	/ 2 )
=	-1 * -0.212	/	2.7925
=	7.59 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.305	+	0.555
=	2.86

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.725	+	0
=	2.725

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.

Thaire Life Assurance PCL (BKK:THREL) Effective Interest Rate on Debt % Explanation

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

Thaire Life Assurance PCL Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Thaire Life Assurance PCL's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Thaire Life Assurance PCL (BKK:THREL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Thaire Life Assurance PCL (BKK:THREL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ratchadapisek Road, No. 48/15 Soi Ratchadapisek 20, Samsennok Sub-district, Huaykwang District, Bangkok, THA, 10310

Website

https://www.thairelife.co.th

Thaire Life Assurance PCL is a local reinsurer in Thailand. The company is engaged in the provision of life reinsurance such as ordinary life, group life, credit life and personal accident and health. It operates through the Conventional and Non-Conventional product segments. The conventional product line includes products that are already available in the market. The non-conventional products refer to new types of products, which are introduced by the group in cooperation with other life insurance companies. Geographically the activities are functioned through Thailand.

Thaire Life Assurance PCL (BKK:THREL) Headlines

No Headlines