Appotronics (SHSE:688007) Effective Interest Rate on Debt % : 2.63% (As of Mar. 2024)

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What is Appotronics 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. Appotronics's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥19 Mil. Appotronics's average total debt for the quarter that ended in Mar. 2024 was ¥717 Mil. Therefore, Appotronics's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.63%.

Appotronics Effective Interest Rate on Debt % Historical Data

The historical data trend for Appotronics'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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Appotronics Effective Interest Rate on Debt % Chart

Appotronics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.77

5.02

3.72

3.86

2.52

Appotronics 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															2.81	0.48	2.95	2.89	2.63

Competitive Comparison of Appotronics's Effective Interest Rate on Debt %

For the Consumer Electronics subindustry, Appotronics'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.

Appotronics's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

Appotronics Effective Interest Rate on Debt % Calculation

Appotronics'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 * -18.636	/	( (745.661	+	734.984)	/ 2 )
=	-1 * -18.636	/	740.3225
=	2.52 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	438.04	+	307.621
=	745.661

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	386.199	+	348.785
=	734.984

Appotronics'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 * -18.852	/	( (734.984	+	698.231)	/ 2 )
=	-1 * -18.852	/	716.6075
=	2.63 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	386.199	+	348.785
=	734.984

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	416.523	+	281.708
=	698.231

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.

Appotronics (SHSE:688007) Effective Interest Rate on Debt % Explanation

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

Appotronics Effective Interest Rate on Debt % Related Terms

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Appotronics (SHSE:688007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Appotronics Corp Ltd (SHSE:688007) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 63 Xuefu Road, Yuehai Street, 20-22 Floor, Hi-Tech Zone, Union Tower, Nanshan District, Guangdong Province, Shenzhen, CHN, 518052

Website

https://www.appotronics.com

Appotronics Corp Ltd is a China based company involved in the research and innovation of laser display technology and products. The company offers various laser display products namely Digital cinema projector, Venue projector, Education projector, Ultra mobile projector, and others. Geographically, it derives a majority of revenue from China.

Executives

Wang Lin	Core technical personnel
Yu Xin	Core technical personnel
Hu Fei	Core technical personnel
Guo Zu Qiang	Core technical personnel
Wang Ze Qin	Core technical personnel
Chen Ya Sha	senior management
Wang Ying Xia	Directors, senior managers
Wu Xi Liang	Director
Bao Lian Ming	Directors, senior managers
Li Lu	senior management
Zhao Rui Jin	senior management
Wu Bin	senior management
Yan Li	senior management

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