Heatec Jietong Holdings (SGX:5OR) Effective Interest Rate on Debt % : 6.53% (As of Jun. 2023)

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What is Heatec Jietong Holdings 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. Heatec Jietong Holdings's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was S$0.50 Mil. Heatec Jietong Holdings's average total debt for the quarter that ended in Jun. 2023 was S$7.60 Mil. Therefore, Heatec Jietong Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 6.53%.

Heatec Jietong Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Heatec Jietong Holdings'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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Heatec Jietong Holdings Effective Interest Rate on Debt % Chart

Heatec Jietong Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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5.32

6.52

5.09

4.96

5.48

Heatec Jietong Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.73	5.11	5.08	5.80	6.53

Competitive Comparison of Heatec Jietong Holdings's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Heatec Jietong Holdings'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.

Heatec Jietong Holdings's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Heatec Jietong Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Heatec Jietong Holdings's Effective Interest Rate on Debt % falls into.

Heatec Jietong Holdings Effective Interest Rate on Debt % Calculation

Heatec Jietong Holdings'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 * -0.497	/	( (10.323	+	7.816)	/ 2 )
=	-1 * -0.497	/	9.0695
=	5.48 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.483	+	2.84
=	10.323

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.219	+	5.597
=	7.816

Heatec Jietong Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -0.496	/	( (7.816	+	7.381)	/ 2 )
=	-1 * -0.496	/	7.5985
=	6.53 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.219	+	5.597
=	7.816

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.995	+	5.386
=	7.381

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

Heatec Jietong Holdings (SGX:5OR) Effective Interest Rate on Debt % Explanation

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

Heatec Jietong Holdings Effective Interest Rate on Debt % Related Terms

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Heatec Jietong Holdings (SGX:5OR) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

No. 10 Tuas South Street 15, Singapore, SGP, 637076

Website

http://www.heatecholdings.com

Heatec Jietong Holdings Ltd is engaged in offering piping and heat exchanger services for the marine and oil and gas industries. The company's segments include Piping, Heat Exchangers, and Chemical cleaning. The Piping segment is engaged in the fabrication and installation of various types of piping. The Heat Exchanger segment, which derives the majority of revenue, engages in servicing and fabrication of heat exchangers. The Chemical cleaning segment is engaged in the provision of chemical cleaning services to ships and marine vessels. The Group's operations are carried out in Singapore.

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