Anhui Wantong Technology Co (SZSE:002331) Effective Interest Rate on Debt % : 5.82% (As of Mar. 2024)

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What is Anhui Wantong 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. Anhui Wantong Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥8 Mil. Anhui Wantong Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥134 Mil. Therefore, Anhui Wantong Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.82%.

Anhui Wantong Technology Co Effective Interest Rate on Debt % Historical Data

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

Anhui Wantong Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.36

4.24

3.23

5.63

7.77

Anhui Wantong 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															3.55	13.13	9.35	7.09	5.82

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

For the Software - Application subindustry, Anhui Wantong 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.

Anhui Wantong Technology Co's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Anhui Wantong Technology Co Effective Interest Rate on Debt % Calculation

Anhui Wantong 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 * -6.091	/	( (45.328	+	111.514)	/ 2 )
=	-1 * -6.091	/	78.421
=	7.77 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.143	+	42.185
=	45.328

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.159	+	111.355
=	111.514

Anhui Wantong 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 * -7.804	/	( (111.514	+	156.893)	/ 2 )
=	-1 * -7.804	/	134.2035
=	5.82 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.159	+	111.355
=	111.514

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.13	+	156.763
=	156.893

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.

Anhui Wantong Technology Co (SZSE:002331) Effective Interest Rate on Debt % Explanation

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

Anhui Wantong Technology Co Effective Interest Rate on Debt % Related Terms

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Anhui Wantong Technology Co (SZSE:002331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Anhui Wantong Technology Co Ltd (SZSE:002331) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 589, Lishui Road, High-tech Zone, Hefei, Anhui, CHN, 230088

Website

http://www.wantong-tech.net

Anhui Wantong Technology Co Ltd is a high-tech enterprise specializing in system integration, application software development, operation and maintenance services in the field of traffic information construction. It offers system integration solution that combines professionalism and applicability and applies it to highways, port terminals, urban intelligent transportation, trunk roads, logistics tracking, and judicial, tax, education, and others.

Executives

Sun Sheng	Executives
Kong Mei	Executives
Pan Da Sheng	Executives
Lu Yu Ping	Executives
Ma Jing Jing	Supervisors
Chen Xin	Director
Yang Shi Ning	Directors, executives
Yang Xin Zi	Directors, executives
Wang Zhong Sheng	Director
Wang Xi Zhong	Director
Zheng Huai	Directors, executives
Wang Zhi Jie	Director
Zhang Ting	Supervisors
Ji Shi Guang	Director

Anhui Wantong Technology Co (SZSE:002331) Headlines

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