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Sharing Economy International (Sharing Economy International) Effective Interest Rate on Debt % : 4.65% (As of Dec. 2022)


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What is Sharing Economy International 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. Sharing Economy International's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was $0.55 Mil. Sharing Economy International's average total debt for the quarter that ended in Dec. 2022 was $11.80 Mil. Therefore, Sharing Economy International's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 4.65%.


Sharing Economy International Effective Interest Rate on Debt % Historical Data

The historical data trend for Sharing Economy International'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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Sharing Economy International Effective Interest Rate on Debt % Chart

Sharing Economy International Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.73 4.70 8.59 3.22 3.93

Sharing Economy International Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.98 3.14 1.60 5.97 4.65

Competitive Comparison of Sharing Economy International's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Sharing Economy International'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.


Sharing Economy International's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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



Sharing Economy International Effective Interest Rate on Debt % Calculation

Sharing Economy International'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  *  -0.457/( (11.521+11.735)/ 2 )
=-1  *  -0.457/11.628
=3.93 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.822 + 6.699
=11.521

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.373 + 6.362
=11.735

Sharing Economy International's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2022 )+Total Debt  (Q: Dec. 2022 ))/ count )
=-1  *  -0.548/( (11.86+11.735)/ 2 )
=-1  *  -0.548/11.7975
=4.65 %

where

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.383 + 6.477
=11.86

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.373 + 6.362
=11.735

* 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 four times the quarterly (Dec. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Sharing Economy International  (OTCPK:SEII) Effective Interest Rate on Debt % Explanation

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


Sharing Economy International Effective Interest Rate on Debt % Related Terms

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Sharing Economy International (Sharing Economy International) Business Description

Traded in Other Exchanges
N/A
Address
No.85 Castle Peak Road, Castle Peak Bay, Tuen Mun, N.T, Hong Kong, HKG
Sharing Economy International Inc is engaged in the development of sharing economy platforms and related rental businesses. Its digital platforms handle transactions that offer access over ownership through renting, lending, subscribing, reselling, swapping, or donating.
Executives
Chan Pak Hei Jefferson 10 percent owner, officer: Chief Executive Officer HOUSE 20 OF MERRY GARDEN, 628 POK WAI, YUEN LONG, HONG KONG K3 00000
Ecinteract Co Ltd 10 percent owner ROOM K, 2/F, BLOCK 4, GREENWOOD TERRACE, CHAI WAN K3 9999999999
Tin Chi Chan 10 percent owner VILLA CORNWALL, NO. 85 CASTLE PEAK ROAD, CASTLE PEAK BAY, NEW TERRITORIES K3 9999999999
Parkson Yip officer: Chief Operating Officer FLAT C5, 26F, TML TOWER, 3 HOI SHING ROAD, TSUEN WAN, NT K3 00000
Ysk 1860 Co., Ltd 10 percent owner CORNWALL CENTER, NO.85 CASTLE PEAK ROAD, COFFEE BAY, TUEN MUN, N.T. K3 00000
Yuen Deborah Wai Ming 10 percent owner CORNWALL CENTER, NO.85 CASTLE PEAK ROAD, COFFEE BAY, TUEN MUN, N.T. K3 00000
Ping Kee Lau director FLAT C5, 26/F, TML TOWER, 3 HOI SHING ROAD, TSUEN WAN, NT K3 00000
Adam C Wasserman officer: CFO 1643 ROYAL GROVE WAY, WESTON FL 33327
Ming Zhao director 1ST FLOOR, YUZHENG PLAZA, NO. 76, YUHUANGSHAN ROAD, HANGZHOU, ZHEJIANG PROVINCE F4 00000
Jianhua Wu director, 10 percent owner, officer: CEO NO.9, MIDDLE YANYU ROAD, QIANZHOU TOWN, HUISHAN DISTRICT, WUXI, JIANGSU F4 000000
Fernando Liu officer: Chief Financial Officer BLDG 387, 2199 GUIDAI ROAD, MINHANG DISTRICT, SHANGHAI F4 201100
Tianxiang Zhou director 152 LIUTAN'ER VILLAGE, APT 501, BEITANG DISTRICT, WUXI F4 214046
Xuezhong Hua director C/O DENGXIANG, QIANZHOU TOWN, HUISHAN DISTRICT, WUXI JIANGSU F4 214181
Ying Teresa Zhang officer: Chief Financial Officer NO. 9 YANYU MIDDLE ROAD, QIANZHOU VILLAGE, HUISHAN DISTRICT, WUXI JIANGSU F4 214181
Megan J Penick director C/O PENICK & ASSOCIATES LLC, 300 CARROLL CLOSE, TARRYTOWN NY 10591

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