FENG HSIN STEEL CO (TPE:2015) Effective Interest Rate on Debt % : 1.82% (As of Mar. 2024)

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What is FENG HSIN STEEL 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. FENG HSIN STEEL CO's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NT$39 Mil. FENG HSIN STEEL CO's average total debt for the quarter that ended in Mar. 2024 was NT$2,144 Mil. Therefore, FENG HSIN STEEL CO's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.82%.

FENG HSIN STEEL CO Effective Interest Rate on Debt % Historical Data

The historical data trend for FENG HSIN STEEL 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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FENG HSIN STEEL CO Effective Interest Rate on Debt % Chart

FENG HSIN STEEL CO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.68

1.07

1.01

1.79

2.28

FENG HSIN STEEL CO 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															1.69	2.60	2.00	1.85	1.82

Competitive Comparison of FENG HSIN STEEL CO's Effective Interest Rate on Debt %

For the Steel subindustry, FENG HSIN STEEL 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.

FENG HSIN STEEL CO's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, FENG HSIN STEEL CO's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where FENG HSIN STEEL CO's Effective Interest Rate on Debt % falls into.

FENG HSIN STEEL CO Effective Interest Rate on Debt % Calculation

FENG HSIN STEEL 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 * -40.805	/	( (1209.05	+	2371.165)	/ 2 )
=	-1 * -40.805	/	1790.1075
=	2.28 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	305.534	+	903.516
=	1209.05

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	372.42	+	1998.745
=	2371.165

FENG HSIN STEEL 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 * -38.988	/	( (2371.165	+	1916.306)	/ 2 )
=	-1 * -38.988	/	2143.7355
=	1.82 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	372.42	+	1998.745
=	2371.165

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	363.498	+	1552.808
=	1916.306

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.

FENG HSIN STEEL CO (TPE:2015) Effective Interest Rate on Debt % Explanation

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

FENG HSIN STEEL CO Effective Interest Rate on Debt % Related Terms

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FENG HSIN STEEL CO (TPE:2015) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » FENG HSIN STEEL CO LTD (TPE:2015) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

No. 998, Jiahou Road, Section 1, Houli district, Taichung, TWN, 421

Website

https://www.fenghsin.com.tw

FENG HSIN STEEL CO LTD is a company that is primarily engaged in the manufacturing and processing of angle irons, steel channels, flat structural frames, and shafts. These products are used in a wide range of applications, including bridge-building, structural uses for power transmission towers, assembling frames for machinery, shipbuilding, oil storage containers, mechanical constructions, woodworking machinery, lock components, machine parts, hand tools, piping components, auto-transmission parts, civil construction, and tunnel construction. The company generates most of its revenue from the Taiwan market.

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