WebRAY Tech (Beijing) Co (SHSE:688651) Effective Interest Rate on Debt % : 4.17% (As of Mar. 2024)

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What is WebRAY Tech (Beijing) 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. WebRAY Tech (Beijing) Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0.3 Mil. WebRAY Tech (Beijing) Co's average total debt for the quarter that ended in Mar. 2024 was ¥7.1 Mil. Therefore, WebRAY Tech (Beijing) Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.17%.

WebRAY Tech (Beijing) Co Effective Interest Rate on Debt % Historical Data

The historical data trend for WebRAY Tech (Beijing) 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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WebRAY Tech (Beijing) Co Effective Interest Rate on Debt % Chart

WebRAY Tech (Beijing) Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

6.50

3.15

14.93

7.17

10.03

WebRAY Tech (Beijing) Co Quarterly Data
	Dec13	Dec14	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										4.65	17.64	49.84	-	4.17

Competitive Comparison of WebRAY Tech (Beijing) Co's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, WebRAY Tech (Beijing) 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.

WebRAY Tech (Beijing) Co's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, WebRAY Tech (Beijing) Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where WebRAY Tech (Beijing) Co's Effective Interest Rate on Debt % falls into.

WebRAY Tech (Beijing) Co Effective Interest Rate on Debt % Calculation

WebRAY Tech (Beijing) 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 * -0.732	/	( (7.08	+	7.516)	/ 2 )
=	-1 * -0.732	/	7.298
=	10.03 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.951	+	2.129
=	7.08

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.16	+	3.356
=	7.516

WebRAY Tech (Beijing) 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 * -0.296	/	( (7.516	+	6.674)	/ 2 )
=	-1 * -0.296	/	7.095
=	4.17 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.16	+	3.356
=	7.516

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.775	+	2.899
=	6.674

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.

WebRAY Tech (Beijing) Co (SHSE:688651) Effective Interest Rate on Debt % Explanation

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

WebRAY Tech (Beijing) Co Effective Interest Rate on Debt % Related Terms

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WebRAY Tech (Beijing) Co (SHSE:688651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WebRAY Tech (Beijing) Co Ltd (SHSE:688651) » Definitions » Effective Interest Rate on Debt %

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Address

No. 9, Shangdi Ninth Street, Room 209, 2nd Floor, Haidian, Beijing, CHN, 100085

Website

https://www.webray.com.cn

WebRAY Tech (Beijing) Co Ltd is engaged in Research and development, production and sales of network security products. The company is focused on the field of cyberspace security, with the mission of making cyberspace more orderly, providing customers with basic network security, business scene security, and cyberspace map security products and services.

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