DiDi Global (DiDi Global) Effective Interest Rate on Debt % : 1.98% (As of Dec. 2023)

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What is DiDi Global 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. DiDi Global's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $23 Mil. DiDi Global's average total debt for the quarter that ended in Dec. 2023 was $1,161 Mil. Therefore, DiDi Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.98%.

DiDi Global Effective Interest Rate on Debt % Historical Data

The historical data trend for DiDi Global'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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DiDi Global Effective Interest Rate on Debt % Chart

DiDi Global Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.09

2.33

2.99

2.33

1.43

DiDi Global Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											-	2.39	1.89	1.20	1.98

Competitive Comparison of DiDi Global's Effective Interest Rate on Debt %

For the Software - Application subindustry, DiDi Global'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.

DiDi Global's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, DiDi Global's Effective Interest Rate on Debt % distribution charts can be found below:

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

DiDi Global Effective Interest Rate on Debt % Calculation

DiDi Global'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 * -16.187	/	( (910.558	+	1357.91)	/ 2 )
=	-1 * -16.187	/	1134.234
=	1.43 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	126.914	+	783.644
=	910.558

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	225.096	+	1132.814
=	1357.91

DiDi Global'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -22.968	/	( (964.756	+	1357.91)	/ 2 )
=	-1 * -22.968	/	1161.333
=	1.98 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	208.06	+	756.696
=	964.756

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	225.096	+	1132.814
=	1357.91

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.

DiDi Global (OTCPK:DIDIY) Effective Interest Rate on Debt % Explanation

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

DiDi Global Effective Interest Rate on Debt % Related Terms

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DiDi Global (DiDi Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DiDi Global Inc (OTCPK:DIDIY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

92S:Germany

Address

North Ring Road, Tangjialing, Building 1, Yard 6, Haidian District, Beijing, CHN

Website

https://www.didiglobal.com

DiDi Global Inc is a mobility technology platform. It is building four key components of its platform that work together to improve the consumer experience: shared mobility, auto solutions, electric mobility, and autonomous driving. It is a go-to brand in China for shared mobility, providing consumers with a range of safe, affordable, and convenient mobility services, including ride-hailing, taxi-hailing, chauffeur, hitch, and other forms of shared mobility. The company operates in three segments: China Mobility, which mainly includes ride-hailing services to riders, and also acts as an agent by connecting end-users to service providers who provide taxi hailing, chauffeur, hitch, and other services; International; and Other Initiatives.