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Harden Technologies (Harden Technologies) Effective Interest Rate on Debt % : 3.21% (As of Jun. 2023)


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What is Harden Technologies 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. Harden Technologies's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $0.17 Mil. Harden Technologies's average total debt for the quarter that ended in Jun. 2023 was $5.18 Mil. Therefore, Harden Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 3.21%.

Harden Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Harden Technologies'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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Harden Technologies Effective Interest Rate on Debt % Chart

Harden Technologies Annual Data
Trend Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
3.26 2.61 7.26

Harden Technologies Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Effective Interest Rate on Debt % Get a 7-Day Free Trial 4.35 2.35 5.40 6.89 3.21

Competitive Comparison of Harden Technologies's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Harden Technologies'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.

Harden Technologies's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harden Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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


Harden Technologies Effective Interest Rate on Debt % Calculation

Harden Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -0.306/( (3.063+5.362)/ 2 )
=-1  *  -0.306/4.2125
=7.26 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.377 + 2.686
=3.063

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.411 + 3.951
=5.362

Harden Technologies'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  *  -0.166/( (5.362+4.994)/ 2 )
=-1  *  -0.166/5.178
=3.21 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.411 + 3.951
=5.362

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.409 + 3.585
=4.994

* 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.

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.

Harden Technologies  (BATS:HAHA) Effective Interest Rate on Debt % Explanation

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

Harden Technologies Effective Interest Rate on Debt % Related Terms

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Harden Technologies (Harden Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harden Technologies Inc (BATS:HAHA) » Definitions » Effective Interest Rate on Debt %
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Address
No. 6 Jingye Road, Building 8, Torch Development Zone, Zhongshan, CHN, 528400
Website
https://www.siruide.com
Harden Technologies Inc is a waste management equipment and recycling equipment manufacturer in China, specializing in the manufacture of customized industrial shredders and material sorting machines and production lines.

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