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IMT Co (XKRX:451220) Effective Interest Rate on Debt % : 3.22% (As of Mar. 2024)


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What is IMT 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. IMT Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₩14 Mil. IMT Co's average total debt for the quarter that ended in Mar. 2024 was ₩436 Mil. Therefore, IMT Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.22%.

IMT Co Effective Interest Rate on Debt % Historical Data

The historical data trend for IMT 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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IMT Co Effective Interest Rate on Debt % Chart

IMT Co Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
11.49 13.98 6.01

IMT Co Quarterly Data
Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial 10.96 4.70 3.24 -1.52 3.22

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

For the Specialty Industrial Machinery subindustry, IMT 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.

IMT Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, IMT Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


IMT Co Effective Interest Rate on Debt % Calculation

IMT 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  *  -146.368/( (4629.196+240.428)/ 2 )
=-1  *  -146.368/2434.812
=6.01 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1042.492 + 3586.704
=4629.196

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.801 + 209.627
=240.428

IMT 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  *  -14.056/( (240.428+632.213)/ 2 )
=-1  *  -14.056/436.3205
=3.22 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.801 + 209.627
=240.428

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=401.851 + 230.362
=632.213

* 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.

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.

IMT Co  (XKRX:451220) Effective Interest Rate on Debt % Explanation

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

IMT Co Effective Interest Rate on Debt % Related Terms

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IMT Co (XKRX:451220) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IMT Co Ltd (XKRX:451220) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
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Traded in Other Exchanges
N/A
Address
8th floor, Building 1, 306 Sinwon-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, KOR
Website
http://www.imt-c.co.kr
IMT Co Ltd is a company engaged in engaged in dry cleaning equipment business, EUV mask laser application equipment business, and parts business. Their dry-cleaning technology is applied on producing high-tech products such as semiconductor, display, smart phone and etc.

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