Huaqin Technology Co (SHSE:603296) Effective Interest Rate on Debt % : 2.32% (As of Mar. 2024)

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What is Huaqin 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. Huaqin Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥150 Mil. Huaqin Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥6,435 Mil. Therefore, Huaqin Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.32%.

Huaqin Technology Co Effective Interest Rate on Debt % Historical Data

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

Huaqin Technology Co Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.86

9.77

4.29

4.44

4.22

Huaqin Technology Co Quarterly Data
	Dec11	Mar12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.11	2.40	2.97	5.18	2.32

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

For the Consumer Electronics subindustry, Huaqin 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.

Huaqin Technology Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

Huaqin Technology Co Effective Interest Rate on Debt % Calculation

Huaqin 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 * -270.331	/	( (6264.923	+	6544.518)	/ 2 )
=	-1 * -270.331	/	6404.7205
=	4.22 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3542.579	+	2722.344
=	6264.923

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1614.146	+	4930.372
=	6544.518

Huaqin Technology 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 * -149.572	/	( (6544.518	+	6325.924)	/ 2 )
=	-1 * -149.572	/	6435.221
=	2.32 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1614.146	+	4930.372
=	6544.518

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1196.146	+	5129.778
=	6325.924

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.

Huaqin Technology Co (SHSE:603296) Effective Interest Rate on Debt % Explanation

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

Huaqin Technology Co Effective Interest Rate on Debt % Related Terms

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Huaqin Technology Co (SHSE:603296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Huaqin Technology Co Ltd (SHSE:603296) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Building 1, No. 399 Keyuan Road, China (Shanghai) Pilot Free Trade Zone, Pudong New Area, Shanghai, CHN, 201203

Website

https://www.huaqin.com

Huaqin Technology Co Ltd is engaged in the research & development, design, manufacturing and operation of intelligent hardware products. The company provides global technology brand customers with end-to-end services at product level, system level, software and hardware research and development, and operation and manufacturing.

Executives

Wu Zhen Hai	Directors, senior managers
Qiu Wen Sheng	Directors, senior managers

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