CICT Mobile Communication Technology Co (SHSE:688387) Effective Interest Rate on Debt % : 1.80% (As of Mar. 2024)

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What is CICT Mobile Communication 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. CICT Mobile Communication Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥30 Mil. CICT Mobile Communication Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥1,685 Mil. Therefore, CICT Mobile Communication Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.80%.

CICT Mobile Communication Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for CICT Mobile Communication 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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CICT Mobile Communication Technology Co Effective Interest Rate on Debt % Chart

CICT Mobile Communication Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

5.70

5.54

4.96

3.45

3.22

CICT Mobile Communication Technology Co Quarterly Data
	Dec18	Dec19	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											1.94	1.75	2.62	5.35	1.80

Competitive Comparison of CICT Mobile Communication Technology Co's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, CICT Mobile Communication 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.

CICT Mobile Communication Technology Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

CICT Mobile Communication Technology Co Effective Interest Rate on Debt % Calculation

CICT Mobile Communication 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 * -56.937	/	( (1966.522	+	1573.491)	/ 2 )
=	-1 * -56.937	/	1770.0065
=	3.22 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	852.321	+	1114.201
=	1966.522

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	437.38	+	1136.111
=	1573.491

CICT Mobile Communication 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 * -30.332	/	( (1573.491	+	1796.264)	/ 2 )
=	-1 * -30.332	/	1684.8775
=	1.80 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	437.38	+	1136.111
=	1573.491

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	437.7	+	1358.564
=	1796.264

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.

CICT Mobile Communication Technology Co (SHSE:688387) Effective Interest Rate on Debt % Explanation

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

CICT Mobile Communication Technology Co Effective Interest Rate on Debt % Related Terms

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CICT Mobile Communication Technology Co (SHSE:688387) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CICT Mobile Communication Technology Co Ltd (SHSE:688387) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 88, Post University Road, East Lake New Technology Development Zone, Hubei Province, Wuhan, CHN, 430074

Website

https://www.cictmobile.com

CICT Mobile Communication Technology Co Ltd is engaged in the development, application and service of mobile communication technology.

Executives

Li Bing Cheng

Director

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