Broadway Industrial Group (SGX:B69) Effective Interest Rate on Debt % : 21.94% (As of Dec. 2023)

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What is Broadway Industrial Group 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. Broadway Industrial Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was S$2.8 Mil. Broadway Industrial Group's average total debt for the quarter that ended in Dec. 2023 was S$13.0 Mil. Therefore, Broadway Industrial Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 21.94%.

Broadway Industrial Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Broadway Industrial Group'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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Broadway Industrial Group Effective Interest Rate on Debt % Chart

Broadway Industrial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.17

4.18

6.12

9.90

20.75

Broadway Industrial Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.57	11.12	11.75	17.41	21.94

Competitive Comparison of Broadway Industrial Group's Effective Interest Rate on Debt %

For the Computer Hardware subindustry, Broadway Industrial Group'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.

Broadway Industrial Group's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Broadway Industrial Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Broadway Industrial Group's Effective Interest Rate on Debt % falls into.

Broadway Industrial Group Effective Interest Rate on Debt % Calculation

Broadway Industrial Group'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 * -2.565	/	( (12.546	+	12.171)	/ 2 )
=	-1 * -2.565	/	12.3585
=	20.75 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.194	+	8.352
=	12.546

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.67	+	6.501
=	12.171

Broadway Industrial Group'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -2.842	/	( (13.736	+	12.171)	/ 2 )
=	-1 * -2.842	/	12.9535
=	21.94 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.013	+	6.723
=	13.736

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.67	+	6.501
=	12.171

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

Broadway Industrial Group (SGX:B69) Effective Interest Rate on Debt % Explanation

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

Broadway Industrial Group Effective Interest Rate on Debt % Related Terms

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Broadway Industrial Group (SGX:B69) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Broadway Industrial Group Ltd (SGX:B69) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

202 Kallang Bahru, 07-01 Spaze, Singapore, SGP, 339339

Website

https://www.bw-grp.com

Broadway Industrial Group Ltd is the manufacturer of precision machined components. The company provides actuator arms, assemblies, and other related parts mainly for the global hard disk drive (HDD) industry. HDD segment comprises the manufacturing and distribution of actuator arms and related assembly for the hard disk industry. The robotics segment comprises the provision of technical services, technology transfer, technology development, technology promotion, technical consultation and sales of robots, software and accessory devices for the robotics, manufacturing, and services industries. Other segment comprises the investment holding.

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