Hefei Chipmore Technology Co (SHSE:688352) Effective Interest Rate on Debt % : 3.36% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Hefei Chipmore 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. Hefei Chipmore Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥19 Mil. Hefei Chipmore Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥553 Mil. Therefore, Hefei Chipmore Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.36%.

Hefei Chipmore Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hefei Chipmore 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.

* Premium members only.

Hefei Chipmore Technology Co Effective Interest Rate on Debt % Chart

Hefei Chipmore Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

3.44

3.59

3.83

3.53

2.38

Hefei Chipmore Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								3.54	3.38	3.22	-0.99	3.36

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

For the Semiconductor Equipment & Materials subindustry, Hefei Chipmore 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.

Hefei Chipmore Technology Co's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

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

Hefei Chipmore Technology Co Effective Interest Rate on Debt % Calculation

Hefei Chipmore 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 * -21.421	/	( (1150.012	+	652.763)	/ 2 )
=	-1 * -21.421	/	901.3875
=	2.38 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	815.208	+	334.804
=	1150.012

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	309.189	+	343.574
=	652.763

Hefei Chipmore 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 * -18.592	/	( (652.763	+	454.04)	/ 2 )
=	-1 * -18.592	/	553.4015
=	3.36 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	309.189	+	343.574
=	652.763

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	285.551	+	168.489
=	454.04

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.

Hefei Chipmore Technology Co (SHSE:688352) Effective Interest Rate on Debt % Explanation

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

Hefei Chipmore Technology Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Hefei Chipmore Technology Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hefei Chipmore Technology Co (SHSE:688352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hefei Chipmore Technology Co Ltd (SHSE:688352) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Comprehensive Free Trade Zone, Xinzhan District, Anhui Province, Hefei, CHN, 230011

Website

https://www.chipmore.com.cn

Hefei Chipmore Technology Co Ltd is a high-end advanced packaging and testing service provider for integrated circuits. It can provide customers with a full range of comprehensive integrated circuit packaging and testing services, covering display driver chips, power management chips, RF front-end chips and other products.

Executives

Wang Xiao Feng

Core technical personnel

Hefei Chipmore Technology Co (SHSE:688352) Headlines

No Headlines