Dongkuk Steel Mill Co spin off (XKRX:460860) Effective Interest Rate on Debt % : 5.83% (As of Mar. 2024)

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What is Dongkuk Steel Mill Co spin off 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. Dongkuk Steel Mill Co spin off's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₩61,355 Mil. Dongkuk Steel Mill Co spin off's average total debt for the quarter that ended in Mar. 2024 was ₩1,053,163 Mil. Therefore, Dongkuk Steel Mill Co spin off's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.83%.

Dongkuk Steel Mill Co spin off Effective Interest Rate on Debt % Historical Data

The historical data trend for Dongkuk Steel Mill Co spin off'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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Dongkuk Steel Mill Co spin off Effective Interest Rate on Debt % Chart

Dongkuk Steel Mill Co spin off Annual Data

Trend

Dec23

Effective Interest Rate on Debt %

3.67

Dongkuk Steel Mill Co spin off Quarterly Data
	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	-	6.06	5.83	5.83

Competitive Comparison of Dongkuk Steel Mill Co spin off's Effective Interest Rate on Debt %

For the Steel subindustry, Dongkuk Steel Mill Co spin off'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.

Dongkuk Steel Mill Co spin off's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Dongkuk Steel Mill Co spin off's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Dongkuk Steel Mill Co spin off's Effective Interest Rate on Debt % falls into.

Dongkuk Steel Mill Co spin off Effective Interest Rate on Debt % Calculation

Dongkuk Steel Mill Co spin off'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: . 20 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

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

Dongkuk Steel Mill Co spin off'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 * -61354.98	/	( (1087949.404	+	1018377.337)	/ 2 )
=	-1 * -61354.98	/	1053163.3705
=	5.83 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	104118.604	+	983830.8
=	1087949.404

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	97004.23	+	921373.107
=	1018377.337

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.

Dongkuk Steel Mill Co spin off (XKRX:460860) Effective Interest Rate on Debt % Explanation

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

Dongkuk Steel Mill Co spin off Effective Interest Rate on Debt % Related Terms

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Dongkuk Steel Mill Co spin off (XKRX:460860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Dongkuk Steel Mill Co Ltd spin off (XKRX:460860) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

19 Eulji-ro 5-gil, Ferrum Tower, Jung-gu, Seoul, KOR

Website

https://www.dongkuk.com

Dongkuk Steel Mill Co Ltd spin off is a Korean steel company that engages in manufacturing steel products. It produces high-strength and ultra-high-strength reinforcing bars of various standards. It offers H-beams, angles, Reinforcing Bar, Seismic Resistant Bar, and channels, Threaded Bar, and steel plates.

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