Zhibao Technology (Zhibao Technology) Effective Interest Rate on Debt % : 2.26% (As of Jun. 2023)

View and export this data going back to 2024. Start your Free Trial

What is Zhibao Technology 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. Zhibao Technology's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $0.10 Mil. Zhibao Technology's average total debt for the quarter that ended in Jun. 2023 was $4.52 Mil. Therefore, Zhibao Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 2.26%.

Zhibao Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhibao Technology'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.

* Premium members only.

Zhibao Technology Effective Interest Rate on Debt % Chart

Zhibao Technology Annual Data

Trend

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

2.71

3.33

2.88

Zhibao Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	-	3.09	3.84	3.49	2.26

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

For the Insurance Brokers subindustry, Zhibao Technology'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.

Zhibao Technology's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Zhibao Technology's Effective Interest Rate on Debt % distribution charts can be found below:

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

Zhibao Technology Effective Interest Rate on Debt % Calculation

Zhibao Technology's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.127	/	( (4.422	+	4.405)	/ 2 )
=	-1 * -0.127	/	4.4135
=	2.88 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.112	+	4.31
=	4.422

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.317	+	4.088
=	4.405

Zhibao Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -0.102	/	( (4.638	+	4.405)	/ 2 )
=	-1 * -0.102	/	4.5215
=	2.26 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.478	+	4.16
=	4.638

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.317	+	4.088
=	4.405

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 two times the semi-annual (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Zhibao Technology (NAS:ZBAO) Effective Interest Rate on Debt % Explanation

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

Zhibao Technology Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Zhibao Technology's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhibao Technology (Zhibao Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhibao Technology Inc (NAS:ZBAO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Floor 3, Building 6, Wuxing Road, Lane 727, Shanghai, CHN, 201204

Website

https://www.zhibao-tech.com

Zhibao Technology Inc is a insurance technology company primarily engaged in providing digital insurance brokerage services in China. 2B2C digital embedded insurance is their innovative business model which they pioneered in China. They provide customized digital insurance solutions for B-side channels (covering a wide range of industries and organizations, including but not limited to Internet platforms, large and medium-sized enterprises, and government agencies, etc.), embedding them into the channel's existing business matrix, and providing the channel with Provide digital insurance brokerage services to C-end customers.

Zhibao Technology (Zhibao Technology) Headlines

From GuruFocus

Zhibao Technology Inc. Announces Closing of Underwriters' Over-Allotment Option in Connection with Its Initial Public Offering

By Marketwired • 05-15-2024