Haier Smart Home Co (SHSE:600690) Effective Interest Rate on Debt % : 6.76% (As of Mar. 2024)

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What is Haier Smart Home 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. Haier Smart Home Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥2,403 Mil. Haier Smart Home Co's average total debt for the quarter that ended in Mar. 2024 was ¥35,577 Mil. Therefore, Haier Smart Home Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.76%.

Haier Smart Home Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Haier Smart Home 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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Haier Smart Home Co Effective Interest Rate on Debt % Chart

Haier Smart Home Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.73

3.59

2.30

3.36

6.24

Haier Smart Home Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.74	5.61	4.89	9.25	6.76

Competitive Comparison of Haier Smart Home Co's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Haier Smart Home 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.

Haier Smart Home Co's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Haier Smart Home Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Haier Smart Home Co's Effective Interest Rate on Debt % falls into.

Haier Smart Home Co Effective Interest Rate on Debt % Calculation

Haier Smart Home 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 * -2109.996	/	( (32382.319	+	35274.006)	/ 2 )
=	-1 * -2109.996	/	33828.1625
=	6.24 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16415.345	+	15966.974
=	32382.319

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21223.104	+	14050.902
=	35274.006

Haier Smart Home Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -2403.26	/	( (35274.006	+	35880.461)	/ 2 )
=	-1 * -2403.26	/	35577.2335
=	6.76 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21223.104	+	14050.902
=	35274.006

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22053.213	+	13827.248
=	35880.461

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Haier Smart Home Co (SHSE:600690) Effective Interest Rate on Debt % Explanation

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

Haier Smart Home Co Effective Interest Rate on Debt % Related Terms

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Haier Smart Home Co (SHSE:600690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Haier Smart Home Co Ltd (SHSE:600690) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

HSHCY:USA HRSHF:USA 06690:Hong Kong 690D:Germany

Address

Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, CHN, 266101

Website

https://smart-home.haier.com/cn

Haier Smart Home Co Ltd manufactures and distributes household electrical appliances. It offers products such as refrigerators, air conditioners, washing machine, microwave ovens, smoke exhausters, gas stoves, dishwashers, electrical water heaters and others under the brand name Haier, Casarte, Leader, AQUA and Fisher & Paykel. The company has three business segments namely China smart home business: Overseas home appliance and smart home business segment Other business segments. The products of the group are traded in mainland China and in other overseas markets including Hong Kong, Macau, and Taiwan.

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