Optimax Holdings Bhd (XKLS:0222) Effective Interest Rate on Debt % : 5.36% (As of Mar. 2024)

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What is Optimax Holdings Bhd 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. Optimax Holdings Bhd's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was RM2.2 Mil. Optimax Holdings Bhd's average total debt for the quarter that ended in Mar. 2024 was RM40.4 Mil. Therefore, Optimax Holdings Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.36%.

Optimax Holdings Bhd Effective Interest Rate on Debt % Historical Data

The historical data trend for Optimax Holdings Bhd'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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Optimax Holdings Bhd Effective Interest Rate on Debt % Chart

Optimax Holdings Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.35

5.58

4.98

4.90

4.86

Optimax Holdings Bhd Quarterly Data
	Mar19	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															5.65	5.29	5.39	4.69	5.36

Competitive Comparison of Optimax Holdings Bhd's Effective Interest Rate on Debt %

For the Medical Care Facilities subindustry, Optimax Holdings Bhd'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.

Optimax Holdings Bhd's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Optimax Holdings Bhd's Effective Interest Rate on Debt % distribution charts can be found below:

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

Optimax Holdings Bhd Effective Interest Rate on Debt % Calculation

Optimax Holdings Bhd'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 * -1.439	/	( (26.136	+	33.093)	/ 2 )
=	-1 * -1.439	/	29.6145
=	4.86 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.673	+	5.463
=	26.136

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27.085	+	6.008
=	33.093

Optimax Holdings Bhd'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 * -2.164	/	( (33.093	+	47.614)	/ 2 )
=	-1 * -2.164	/	40.3535
=	5.36 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27.085	+	6.008
=	33.093

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	39.965	+	7.649
=	47.614

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.

Optimax Holdings Bhd (XKLS:0222) Effective Interest Rate on Debt % Explanation

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

Optimax Holdings Bhd Effective Interest Rate on Debt % Related Terms

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Optimax Holdings Bhd (XKLS:0222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optimax Holdings Bhd (XKLS:0222) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

No. 145, Jalan Radin Bagus, 1st and 2nd Floor, Seri Petaling, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 57000

Website

https://www.optimax2u.com

Optimax Holdings Bhd is a provider of eye specialist services. It offers a range of services with in-house medical ophthalmology at specialist centres such as specialist clinics, ambulatory care centres, and specialist hospitals. The company's ambulatory care centres and specialist hospital are equipped with eye operation theatres, and procedure rooms, general and day care wards, and relevant equipment for surgical procedures. It derives revenue from refractive surgery, treatment of eye diseases and disorders, consultation and dispensary services, oculoplastic treatment, and related services.

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