JG Summit Holdings (PHS:JGS) Effective Interest Rate on Debt % : 4.38% (As of Mar. 2024)

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What is JG Summit Holdings 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. JG Summit Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₱17,524 Mil. JG Summit Holdings's average total debt for the quarter that ended in Mar. 2024 was ₱399,672 Mil. Therefore, JG Summit Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.38%.

JG Summit Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for JG Summit Holdings'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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JG Summit Holdings Effective Interest Rate on Debt % Chart

JG Summit Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.56

2.72

2.59

2.98

4.07

JG Summit Holdings 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															3.91	4.15	4.29	4.64	4.38

Competitive Comparison of JG Summit Holdings's Effective Interest Rate on Debt %

For the Conglomerates subindustry, JG Summit Holdings'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.

JG Summit Holdings's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, JG Summit Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where JG Summit Holdings's Effective Interest Rate on Debt % falls into.

JG Summit Holdings Effective Interest Rate on Debt % Calculation

JG Summit Holdings'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 * -15772.172	/	( (383761.804	+	390614.504)	/ 2 )
=	-1 * -15772.172	/	387188.154
=	4.07 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	212109.428	+	171652.376
=	383761.804

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	269074.646	+	121539.858
=	390614.504

JG Summit Holdings'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 * -17523.8	/	( (390614.504	+	408729.809)	/ 2 )
=	-1 * -17523.8	/	399672.1565
=	4.38 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	269074.646	+	121539.858
=	390614.504

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	270807.049	+	137922.76
=	408729.809

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.

JG Summit Holdings (PHS:JGS) Effective Interest Rate on Debt % Explanation

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

JG Summit Holdings Effective Interest Rate on Debt % Related Terms

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JG Summit Holdings (PHS:JGS) Business Description

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Address

ADB Avenue Corner, Poveda Road, 43rd Floor, Robinsons-Equitable Tower, Ortigas Center, Metro Manila, Pasig City, RIZ, PHL, 1600

Website

https://www.jgsummit.com.ph

JG Summit Holdings Inc is a diversified Filipino conglomerate, engaged in foods, agro-industrial and commodities, real estate and hotel, air transportation, banking and petrochemicals. The company also has investments in telecommunications and power generation and distribution. It also has a branded consumer foods business in China, ASEAN and an investment in a property development company in Singapore. The Group conducts businesses throughout the Philippines, but primarily in and around Metro Manila and in the regions of Luzon, Visayas and Mindanao.

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