Arctech Solar Holding Co (SHSE:688408) Effective Interest Rate on Debt % : 4.77% (As of Mar. 2024)

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What is Arctech Solar Holding 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. Arctech Solar Holding Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥41 Mil. Arctech Solar Holding Co's average total debt for the quarter that ended in Mar. 2024 was ¥856 Mil. Therefore, Arctech Solar Holding Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.77%.

Arctech Solar Holding Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Arctech Solar Holding 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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Arctech Solar Holding Co Effective Interest Rate on Debt % Chart

Arctech Solar Holding Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.72

7.20

4.75

3.08

3.80

Arctech Solar Holding 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															2.69	7.82	6.04	1.21	4.77

Competitive Comparison of Arctech Solar Holding Co's Effective Interest Rate on Debt %

For the Solar subindustry, Arctech Solar Holding 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.

Arctech Solar Holding Co's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

* The bar in red indicates where Arctech Solar Holding Co's Effective Interest Rate on Debt % falls into.

Arctech Solar Holding Co Effective Interest Rate on Debt % Calculation

Arctech Solar Holding 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 * -22.702	/	( (438.758	+	755.562)	/ 2 )
=	-1 * -22.702	/	597.16
=	3.80 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	70.141	+	368.617
=	438.758

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	147.329	+	608.233
=	755.562

Arctech Solar Holding 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 * -40.8	/	( (755.562	+	956.507)	/ 2 )
=	-1 * -40.8	/	856.0345
=	4.77 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	147.329	+	608.233
=	755.562

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	165.117	+	791.39
=	956.507

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.

Arctech Solar Holding Co (SHSE:688408) Effective Interest Rate on Debt % Explanation

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

Arctech Solar Holding Co Effective Interest Rate on Debt % Related Terms

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Arctech Solar Holding Co (SHSE:688408) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Arctech Solar Holding Co Ltd (SHSE:688408) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

2388 Huangpujiang Middle Road, Lujia Town, Jiangsu Province, Kunshan, CHN, 215331

Website

http://www.arctechsolar.in

Arctech Solar Holding Co Ltd is engaged in design, production and sales of photovoltaic brackets. The company manufacturers and provides solutions for solar tracking and racking systems for utilities, commercial, industrial and residential projects. Its products under Tracker include Skyline Tracking System; SkySmart Tracking System; Arctracker Pro with tilted modules; Tilt single axis tracker; and products under Mounting structure include Seasonal Tilt; Dual Pole Solutions; and Single Pole Solutions.

Executives

Wang Cheng	senior management
Zheng Hai Peng	Director
Yu Zheng Ming	Directors, senior managers
Wang Shi Tao	Core technical personnel

Arctech Solar Holding Co (SHSE:688408) Headlines

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