Mercurity Fintech Holding (Mercurity Fintech Holding) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Mercurity Fintech Holding 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. Mercurity Fintech Holding's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Mercurity Fintech Holding's average total debt for the quarter that ended in Dec. 2023 was $9.72 Mil. Therefore, Mercurity Fintech Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Mercurity Fintech Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for Mercurity Fintech Holding'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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Mercurity Fintech Holding Effective Interest Rate on Debt % Chart

Mercurity Fintech Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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12.26

Mercurity Fintech Holding Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23	Dec23
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Competitive Comparison of Mercurity Fintech Holding's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Mercurity Fintech Holding'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.

Mercurity Fintech Holding's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Mercurity Fintech Holding's Effective Interest Rate on Debt % distribution charts can be found below:

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

Mercurity Fintech Holding Effective Interest Rate on Debt % Calculation

Mercurity Fintech Holding'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 * -0.646	/	( (0.904	+	9.634)	/ 2 )
=	-1 * -0.646	/	5.269
=	12.26 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.634	+	0.27
=	0.904

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.282	+	9.352
=	9.634

Mercurity Fintech Holding'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 * 0	/	( (9.799	+	9.634)	/ 2 )
=	-1 * 0	/	9.7165
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.461	+	9.338
=	9.799

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.282	+	9.352
=	9.634

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

Mercurity Fintech Holding (NAS:MFH) Effective Interest Rate on Debt % Explanation

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

Mercurity Fintech Holding Effective Interest Rate on Debt % Related Terms

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Mercurity Fintech Holding (Mercurity Fintech Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mercurity Fintech Holding Inc (NAS:MFH) » Definitions » Effective Interest Rate on Debt %

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Address

1330 Avenue of Americas, Fl 33, New York, NY, USA, 10019

Website

https://www.mercurityfintech.com

Mercurity Fintech Holding Inc is a digital fintech company powered by blockchain technology. The company's scope of business includes digital asset trading, asset digitization, cross-border remittance, and other services, providing compliant, professional, and efficient digital financial services to its customers. The group is also engaged in Bitcoin mining, digital currency investment, and trading, continuing its expansion to online and traditional brokerage services and other related fields.