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Zhejiang Leapmotor Technology Co (HKSE:09863) Effective Interest Rate on Debt % : 2.70% (As of Dec. 2023)


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What is Zhejiang Leapmotor 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. Zhejiang Leapmotor Technology Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$81 Mil. Zhejiang Leapmotor Technology Co's average total debt for the quarter that ended in Dec. 2023 was HK$2,989 Mil. Therefore, Zhejiang Leapmotor Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.70%.

Zhejiang Leapmotor Technology Co Effective Interest Rate on Debt % Historical Data

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

Zhejiang Leapmotor Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
13.19 12.61 3.77 2.30 2.89

Zhejiang Leapmotor Technology Co Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial - 2.50 2.27 2.84 2.70

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

For the Auto Manufacturers subindustry, Zhejiang Leapmotor 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.

Zhejiang Leapmotor Technology Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Leapmotor Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


Zhejiang Leapmotor Technology Co Effective Interest Rate on Debt % Calculation

Zhejiang Leapmotor 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  *  -78.991/( (2467.848+3004.183)/ 2 )
=-1  *  -78.991/2736.0155
=2.89 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1163.848 + 1304
=2467.848

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1160.844 + 1843.339
=3004.183

Zhejiang Leapmotor Technology Co'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  *  -80.778/( (2973.967+3004.183)/ 2 )
=-1  *  -80.778/2989.075
=2.70 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1751.144 + 1222.823
=2973.967

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1160.844 + 1843.339
=3004.183

* 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.

Zhejiang Leapmotor Technology Co  (HKSE:09863) Effective Interest Rate on Debt % Explanation

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

Zhejiang Leapmotor Technology Co Effective Interest Rate on Debt % Related Terms

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Zhejiang Leapmotor Technology Co (HKSE:09863) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Leapmotor Technology Co Ltd (HKSE:09863) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:00489 HKSE:01585 HKSE:01114 HKSE:01958 HKSE:02451 HKSE:01122 HKSE:00175 TSLA TSE:7203 SZSE:002594 XTER:MBG XTER:BMW STLA XTER:VOW3 MIL:RACE TSE:7267 F GM NSE:MARUTI LI
Traded in Other Exchanges
N/A
Address
No. 451 Wulianwang Street, 1st Floor, Binjiang District, Zhejiang Province, Hangzhou, CHN
Website
https://www.leapmotor.com
Zhejiang Leapmotor Technology Co Ltd is principally engaged in the production, research and development and sales of new energy vehicles in the PRC.
Executives
Chen Ailing 2202 Interest of your spouse
Fu Liquan 2201 Interest of corporation controlled by you
Liu Yunzhen 2202 Interest of your spouse
Zhu Jiangming 2103 Interests held jointly with another person
Fu Yiqin 2201 Interest of corporation controlled by you
Guo Xin Zheng Quan Gu Fen You Xian Gong Si 2501 Other
Ning Bo Hua Ling Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo 2101 Beneficial owner
Stellantis N.v. 2101 Beneficial owner
Chen Ailing 2103 Interests held jointly with another person
Fu Liquan 2103 Interests held jointly with another person
Liu Yunzhen 2202 Interest of your spouse
Zhu Jiangming 2103 Interests held jointly with another person
Fu Yiqin 2201 Interest of corporation controlled by you
Hang Zhou Guo Shun Ling Pao Gu Quan Tou Zi He Huo Qi Ye You Xian He Huo 2101 Beneficial owner

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