Jin Air Co (XKRX:272450) Effective Interest Rate on Debt % : 5.77% (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Jin Air 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. Jin Air Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₩20,072 Mil. Jin Air Co's average total debt for the quarter that ended in Mar. 2024 was ₩347,710 Mil. Therefore, Jin Air Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.77%.

Jin Air Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Jin Air 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.

* Premium members only.

Jin Air Co Effective Interest Rate on Debt % Chart

Jin Air Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

10.59

5.48

4.17

4.24

4.67

Jin Air 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															4.34	5.50	4.83	4.85	5.77

Competitive Comparison of Jin Air Co's Effective Interest Rate on Debt %

For the Airlines subindustry, Jin Air 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.

Jin Air Co's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jin Air Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Jin Air Co's Effective Interest Rate on Debt % falls into.

Jin Air Co Effective Interest Rate on Debt % Calculation

Jin Air 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 * -17014.478	/	( (395046.746	+	333198.397)	/ 2 )
=	-1 * -17014.478	/	364122.5715
=	4.67 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	254717.754	+	140328.992
=	395046.746

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	231670.165	+	101528.232
=	333198.397

Jin Air 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 * -20072.348	/	( (333198.397	+	362221.398)	/ 2 )
=	-1 * -20072.348	/	347709.8975
=	5.77 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	231670.165	+	101528.232
=	333198.397

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	253723.913	+	108497.485
=	362221.398

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.

Jin Air Co (XKRX:272450) Effective Interest Rate on Debt % Explanation

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

Jin Air Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Jin Air Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Jin Air Co (XKRX:272450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jin Air Co Ltd (XKRX:272450) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd Floor, 453 Gonghangdea-ro, Gangseogu, Seoul, KOR, 157-841

Website

http://www.jinair.com

Jin Air Co Ltd is a South Korea based company, engages in the provision of air transportation services. The company offers air transportation services through a fleet of aircraft also provides in-flight meals and commodities for third parties, as well as cargo transportation business. It provides domestic routes and international routes services.

Jin Air Co (XKRX:272450) Headlines

No Headlines