AbleGroup Bhd (XKLS:7086) Effective Interest Rate on Debt % : 5.20% (As of Dec. 2023)

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What is AbleGroup Bhd 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. AbleGroup Bhd's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was RM0.04 Mil. AbleGroup Bhd's average total debt for the quarter that ended in Dec. 2023 was RM0.69 Mil. Therefore, AbleGroup Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.20%.

AbleGroup Bhd Effective Interest Rate on Debt % Historical Data

The historical data trend for AbleGroup Bhd'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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AbleGroup Bhd Effective Interest Rate on Debt % Chart

AbleGroup Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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13.22

1.83

1.79

1.10

5.21

AbleGroup Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-0.86	5.22	5.04	5.38	5.20

Competitive Comparison of AbleGroup Bhd's Effective Interest Rate on Debt %

For the Building Products & Equipment subindustry, AbleGroup Bhd'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.

AbleGroup Bhd's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, AbleGroup Bhd's Effective Interest Rate on Debt % distribution charts can be found below:

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

AbleGroup Bhd Effective Interest Rate on Debt % Calculation

AbleGroup Bhd'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 * -0.04	/	( (0.868	+	0.667)	/ 2 )
=	-1 * -0.04	/	0.7675
=	5.21 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.667	+	0.201
=	0.868

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.456	+	0.211
=	0.667

AbleGroup Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.036	/	( (0.718	+	0.667)	/ 2 )
=	-1 * -0.036	/	0.6925
=	5.20 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.509	+	0.209
=	0.718

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.456	+	0.211
=	0.667

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

AbleGroup Bhd (XKLS:7086) Effective Interest Rate on Debt % Explanation

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

AbleGroup Bhd Effective Interest Rate on Debt % Related Terms

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AbleGroup Bhd (XKLS:7086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AbleGroup Bhd (XKLS:7086) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

No. 1, Jalan Dutamas 1, Level 2, Solaris Dutamas, Block D4-U2-10, Kuala Lumpur, MYS, 50480

Website

http://www.ablegroup.com.my

AbleGroup Bhd is a Malaysia-based investment holding company. It is engaged in the processing, trading, exporting, and production of marble and granite products. The company operates through three segments: Building material segment, Investment holding, and Property development segment. Its building material segment is involved in the supply, delivery, and installation of stone and tiling works. All of its revenue comes from the Building material segment. Geographically, it operates only in Malaysia.

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