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Weimob (HKSE:02013) Effective Interest Rate on Debt % : 4.62% (As of Dec. 2023)


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What is Weimob 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. Weimob's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$156 Mil. Weimob's average total debt for the quarter that ended in Dec. 2023 was HK$3,371 Mil. Therefore, Weimob's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.62%.

Weimob Effective Interest Rate on Debt % Historical Data

The historical data trend for Weimob'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.

Weimob Effective Interest Rate on Debt % Chart

Weimob Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 6.09 2.29 5.15 6.80 4.35

Weimob Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.71 6.65 4.87 4.64 4.62

Competitive Comparison of Weimob's Effective Interest Rate on Debt %

For the Software - Application subindustry, Weimob'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.

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

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

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


Weimob Effective Interest Rate on Debt % Calculation

Weimob'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  *  -165.405/( (4201.409+3395.166)/ 2 )
=-1  *  -165.405/3798.2875
=4.35 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1943.671 + 2257.738
=4201.409

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=452.173 + 2942.993
=3395.166

Weimob'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  *  -155.868/( (3347.064+3395.166)/ 2 )
=-1  *  -155.868/3371.115
=4.62 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=169.508 + 3177.556
=3347.064

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=452.173 + 2942.993
=3395.166

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Weimob  (HKSE:02013) Effective Interest Rate on Debt % Explanation

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

Weimob Effective Interest Rate on Debt % Related Terms

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Weimob (HKSE:02013) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Weimob Inc (HKSE:02013) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:01675 HKSE:00909 HKSE:03738 HKSE:01782 HKSE:03650 HKSE:09911 HKSE:09669 HKSE:06610 HKSE:00596 HKSE:08083 CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
36W:Germany
Address
258 Changjiang Road, Weimob Building, Baoshan District, Shanghai, CHN
Website
https://www.weimob.com
Weimob Inc is a provider of cloud business and marketing solutions for small and medium-sized enterprises in China. The company operates in three segments: Subscription solutions, Merchant solutions, and Digital media. It provides SaaS and other software in its Subscription Solutions segment for e-commerce, Retail, catering, hotel, local life, and other industries, enabling merchants to carry out private traffic management. The company helps merchants obtain public domain traffic and support them to achieve digital upgrade with full chain services and operations through its Merchant Solutions segment. Digital Media mainly comprises its advertisement placement services offered to certain merchants.
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