Solareast Holdings Co (SHSE:603366) Effective Interest Rate on Debt % : 1.90% (As of Mar. 2024)

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What is Solareast Holdings 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. Solareast Holdings Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥3 Mil. Solareast Holdings Co's average total debt for the quarter that ended in Mar. 2024 was ¥171 Mil. Therefore, Solareast Holdings Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.90%.

Solareast Holdings Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Solareast Holdings 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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Solareast Holdings Co Effective Interest Rate on Debt % Chart

Solareast Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.18

4.29

3.59

5.53

16.84

Solareast Holdings 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															3.14	5.44	3.11	1.50	1.90

Competitive Comparison of Solareast Holdings Co's Effective Interest Rate on Debt %

For the Solar subindustry, Solareast Holdings 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.

Solareast Holdings Co's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

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

Solareast Holdings Co Effective Interest Rate on Debt % Calculation

Solareast Holdings 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 * -7.007	/	( (42.811	+	40.43)	/ 2 )
=	-1 * -7.007	/	41.6205
=	16.84 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	42.811
=	42.811

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	40.43
=	40.43

Solareast Holdings 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 * -3.244	/	( (40.43	+	301.599)	/ 2 )
=	-1 * -3.244	/	171.0145
=	1.90 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	40.43
=	40.43

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	301.599
=	301.599

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.

Solareast Holdings Co (SHSE:603366) Effective Interest Rate on Debt % Explanation

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

Solareast Holdings Co Effective Interest Rate on Debt % Related Terms

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Solareast Holdings Co (SHSE:603366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solareast Holdings Co Ltd (SHSE:603366) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Ninghai Industrial Zone, Lianyungang, Jiangsu Province, CHN, 222243

Website

http://en.sunrain.com

Solareast Holdings Co Ltd, formerly Jiangsu Sunrain Solar Energy Co Ltd operates in the solar energy industry. It is specialized in research and application of solar energy. The company's products are exported to more than 100 countries and regions all over the world. It provides solutions for healthy hot water and water purification system. The product range includes heat pipe collector R1, U pipe collector, domestic series heat pump, non-pressure solar water heater, pressurized pre-heated solar water heater and solar charger.

Executives

Xu Zhong	senior management
Zhang Ya Ming	senior management
Jiao Qing Tai	senior management
Wan Xu Chang	Directors, senior managers
Zhang Chao	Director
Liu Wen Ling	senior management
Zhang Liang Liang	Director
Sun Ming Yang	Directors, senior managers
Huang Yin Chuan	Director
Zhu Ya Lin	senior management
Li Jun	senior management
Chen Rong Hua	senior management
Li Li Gan	senior management
Liu Wei	Director
Yang Zhi Quan	Supervisors

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