Incar Financial Service Co (XKRX:211050) Effective Interest Rate on Debt % : 15.62% (As of Mar. 2024)

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What is Incar Financial Service 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. Incar Financial Service Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₩10,004 Mil. Incar Financial Service Co's average total debt for the quarter that ended in Mar. 2024 was ₩64,035 Mil. Therefore, Incar Financial Service Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 15.62%.

Incar Financial Service Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Incar Financial Service 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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Incar Financial Service Co Effective Interest Rate on Debt % Chart

Incar Financial Service Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.45

4.07

3.39

4.49

19.12

Incar Financial Service Co Quarterly Data
	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											8.13	14.21	14.72	14.78	15.62

Competitive Comparison of Incar Financial Service Co's Effective Interest Rate on Debt %

For the Financial Conglomerates subindustry, Incar Financial Service 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.

Incar Financial Service Co's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Incar Financial Service Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Incar Financial Service Co's Effective Interest Rate on Debt % falls into.

Incar Financial Service Co Effective Interest Rate on Debt % Calculation

Incar Financial Service 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 * -8866.35	/	( (28794.437	+	63936.664)	/ 2 )
=	-1 * -8866.35	/	46365.5505
=	19.12 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2366.148	+	26428.289
=	28794.437

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38279.146	+	25657.518
=	63936.664

Incar Financial Service 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 * -10003.556	/	( (63936.664	+	64133.641)	/ 2 )
=	-1 * -10003.556	/	64035.1525
=	15.62 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38279.146	+	25657.518
=	63936.664

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31892.871	+	32240.77
=	64133.641

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.

Incar Financial Service Co (XKRX:211050) Effective Interest Rate on Debt % Explanation

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

Incar Financial Service Co Effective Interest Rate on Debt % Related Terms

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Incar Financial Service Co (XKRX:211050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Incar Financial Service Co Ltd (XKRX:211050) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

7 Seoul Forest Road 27, Kolon Digital Tower 2nd floor, This holy gu, Seoul, KOR, 04 780

Website

http://www.incar.co.kr

Incar Financial Service Co Ltd is a financial sales company that provides all banking products such as banks and securities. It mainly engaged in insurance and pension-related business. The company also offers various customized comprehensive asset management consulting services.

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