Sai Gon Thuong Tin Real Estate Joint Stock Company (STC:SCR) Effective Interest Rate on Debt % : 10.30% (As of Mar. 2024)

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What is Sai Gon Thuong Tin Real Estate Joint Stock Company 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. Sai Gon Thuong Tin Real Estate Joint Stock Company's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₫314,709 Mil. Sai Gon Thuong Tin Real Estate Joint Stock Company's average total debt for the quarter that ended in Mar. 2024 was ₫3,054,608 Mil. Therefore, Sai Gon Thuong Tin Real Estate Joint Stock Company's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.30%.

Sai Gon Thuong Tin Real Estate Joint Stock Company Effective Interest Rate on Debt % Historical Data

The historical data trend for Sai Gon Thuong Tin Real Estate Joint Stock Company'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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Sai Gon Thuong Tin Real Estate Joint Stock Company Effective Interest Rate on Debt % Chart

Sai Gon Thuong Tin Real Estate Joint Stock Company Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.50

9.55

18.21

17.87

12.42

Sai Gon Thuong Tin Real Estate Joint Stock Company 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															15.76	15.77	12.99	9.16	10.30

Competitive Comparison of Sai Gon Thuong Tin Real Estate Joint Stock Company's Effective Interest Rate on Debt %

For the Real Estate - Diversified subindustry, Sai Gon Thuong Tin Real Estate Joint Stock Company'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.

Sai Gon Thuong Tin Real Estate Joint Stock Company's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sai Gon Thuong Tin Real Estate Joint Stock Company's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sai Gon Thuong Tin Real Estate Joint Stock Company's Effective Interest Rate on Debt % falls into.

Sai Gon Thuong Tin Real Estate Joint Stock Company Effective Interest Rate on Debt % Calculation

Sai Gon Thuong Tin Real Estate Joint Stock Company'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 * -304520.436	/	( (1909348.293	+	2993809.077)	/ 2 )
=	-1 * -304520.436	/	2451578.685
=	12.42 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	837942.361	+	1071405.932
=	1909348.293

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1376689.836	+	1617119.241
=	2993809.077

Sai Gon Thuong Tin Real Estate Joint Stock Company'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 * -314709.148	/	( (2993809.077	+	3115406.094)	/ 2 )
=	-1 * -314709.148	/	3054607.5855
=	10.30 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1376689.836	+	1617119.241
=	2993809.077

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1428805.266	+	1686600.828
=	3115406.094

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.

Sai Gon Thuong Tin Real Estate Joint Stock Company (STC:SCR) Effective Interest Rate on Debt % Explanation

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

Sai Gon Thuong Tin Real Estate Joint Stock Company Effective Interest Rate on Debt % Related Terms

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Sai Gon Thuong Tin Real Estate Joint Stock Company (STC:SCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sai Gon Thuong Tin Real Estate Joint Stock Company (STC:SCR) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

No 253 Hoang Van Thu, TTC Building, Ward 2, Tan Binh District, Ho Chi Minh City, VNM

Website

https://ttcland.vn

Sai Gon Thuong Tin Real Estate Joint Stock Company is engaged in trade in real estate, own land use rights, lease land use rights and houses, and invest and construct the infrastructure of industrial parks. The projects of the company are belleza apartment, carillon apartment, and hoa binh sacromreal project.