Shiny Chemical Industrial Co (TPE:1773) Effective Interest Rate on Debt % : 1.48% (As of Mar. 2024)

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What is Shiny Chemical Industrial 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. Shiny Chemical Industrial Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NT$51 Mil. Shiny Chemical Industrial Co's average total debt for the quarter that ended in Mar. 2024 was NT$3,418 Mil. Therefore, Shiny Chemical Industrial Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.48%.

Shiny Chemical Industrial Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shiny Chemical Industrial 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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Shiny Chemical Industrial Co Effective Interest Rate on Debt % Chart

Shiny Chemical Industrial 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

0.92

0.21

0.14

0.12

0.53

Shiny Chemical Industrial 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															0.17	0.15	0.16	1.45	1.48

Competitive Comparison of Shiny Chemical Industrial Co's Effective Interest Rate on Debt %

For the Chemicals subindustry, Shiny Chemical Industrial 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.

Shiny Chemical Industrial Co's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shiny Chemical Industrial Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Shiny Chemical Industrial Co Effective Interest Rate on Debt % Calculation

Shiny Chemical Industrial 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 * -18.515	/	( (3223.284	+	3720.952)	/ 2 )
=	-1 * -18.515	/	3472.118
=	0.53 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2611.018	+	612.266
=	3223.284

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2865.515	+	855.437
=	3720.952

Shiny Chemical Industrial 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 * -50.556	/	( (3720.952	+	3114.175)	/ 2 )
=	-1 * -50.556	/	3417.5635
=	1.48 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2865.515	+	855.437
=	3720.952

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1821.668	+	1292.507
=	3114.175

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.

Shiny Chemical Industrial Co (TPE:1773) Effective Interest Rate on Debt % Explanation

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

Shiny Chemical Industrial Co Effective Interest Rate on Debt % Related Terms

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Shiny Chemical Industrial Co (TPE:1773) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shiny Chemical Industrial Co Ltd (TPE:1773) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, Yonggong 1st Road, Yongan District, Kaohsiung, TWN, 82841

Website

https://www.shinychem.com.tw

Shiny Chemical Industrial Co Ltd is a Taiwan-based company primarily engaged in the manufacturing and distribution of chemical solvent series products and the trading of raw chemical materials. The company's segment includes Chemical product and Processing. It generates maximum revenue from the Chemical product segment. Geographically, it derives a majority of its revenue from Taiwan.

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