Wingtech Technology Co (SHSE:600745) Effective Interest Rate on Debt % : 4.13% (As of Mar. 2024)

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What is Wingtech Technology 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. Wingtech Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥732 Mil. Wingtech Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥17,729 Mil. Therefore, Wingtech Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.13%.

Wingtech Technology Co Effective Interest Rate on Debt % Historical Data

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

Wingtech Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.26

4.83

4.28

4.21

4.07

Wingtech Technology 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															3.61	4.27	4.44	4.36	4.13

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

For the Communication Equipment subindustry, Wingtech Technology 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.

Wingtech Technology Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wingtech Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Wingtech Technology Co Effective Interest Rate on Debt % Calculation

Wingtech Technology 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 * -776.562	/	( (19922.91	+	18274.279)	/ 2 )
=	-1 * -776.562	/	19098.5945
=	4.07 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11282.187	+	8640.723
=	19922.91

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8657.938	+	9616.341
=	18274.279

Wingtech Technology 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 * -732.064	/	( (18274.279	+	17184.664)	/ 2 )
=	-1 * -732.064	/	17729.4715
=	4.13 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8657.938	+	9616.341
=	18274.279

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8873.727	+	8310.937
=	17184.664

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.

Wingtech Technology Co (SHSE:600745) Effective Interest Rate on Debt % Explanation

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

Wingtech Technology Co Effective Interest Rate on Debt % Related Terms

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Wingtech Technology Co (SHSE:600745) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wingtech Technology Co Ltd (SHSE:600745) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Mission Town Hill on the 6th district, Hubei Province, Huangshi, CHN, 314000

Website

http://Www.wingtech.com

Wingtech Technology Co Ltd is a China-based company engaged in the research, development, and manufacture of mobile terminals and smart hardware products. Its main products are mobile communication complete machines, mobile communication devices and other mobile communication products, such as smartphones. The company also provides services such as Intelligent Terminal, Virtual Reality, Property and Hotel and other services.

Executives

Gao Yan	Director
Ceng Hai Cheng	senior management
Zhang Qiu Hong	Director
Zhou Bin	senior management
Chen Jian	Supervisors
Xu Qing Hua	Director
Wu Nian You	senior management
Li Shi Ying	Director
Mao Shu Jie	Supervisors
Gao Jian Rong	Director

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