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Hangzhou Robam Appliances Co (SZSE:002508) Effective Interest Rate on Debt % : 1.72% (As of Mar. 2024)


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What is Hangzhou Robam Appliances 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. Hangzhou Robam Appliances Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥2 Mil. Hangzhou Robam Appliances Co's average total debt for the quarter that ended in Mar. 2024 was ¥106 Mil. Therefore, Hangzhou Robam Appliances Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.72%.


Hangzhou Robam Appliances Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hangzhou Robam Appliances 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.

Hangzhou Robam Appliances Co Effective Interest Rate on Debt % Chart

Hangzhou Robam Appliances Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 31.31 23.32 14.94 9.42

Hangzhou Robam Appliances 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.25 7.47 7.01 14.77 1.72

Competitive Comparison of Hangzhou Robam Appliances Co's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Hangzhou Robam Appliances 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.


Hangzhou Robam Appliances Co's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hangzhou Robam Appliances Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hangzhou Robam Appliances Co's Effective Interest Rate on Debt % falls into.



Hangzhou Robam Appliances Co Effective Interest Rate on Debt % Calculation

Hangzhou Robam Appliances 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  *  -8.774/( (76.033+110.277)/ 2 )
=-1  *  -8.774/93.155
=9.42 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.589 + 57.444
=76.033

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.751 + 99.526
=110.277

Hangzhou Robam Appliances 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  *  -1.828/( (110.277+102.233)/ 2 )
=-1  *  -1.828/106.255
=1.72 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.751 + 99.526
=110.277

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.736 + 91.497
=102.233

* 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.

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.


Hangzhou Robam Appliances Co  (SZSE:002508) Effective Interest Rate on Debt % Explanation

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


Hangzhou Robam Appliances Co Effective Interest Rate on Debt % Related Terms

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Hangzhou Robam Appliances Co (SZSE:002508) Business Description

Traded in Other Exchanges
N/A
Address
592 Linping Road, Yuhang Economic Development Zone, Zhejiang Province, Yuhang District, Hangzhou, CHN, 311100
Hangzhou Robam Appliances Co Ltd is a China based company developing manufacturing and selling household electrical kitchen appliances in China. Some of its products include hood, stove, utensil, disinfection cabinet, electric oven, dishwasher and among others. The company earns majority of its revenue from sale of electrical kitchen appliances.
Executives
Ren Luo Zhong Director
Zhang Song Nian Supervisors
Zhao Ji Hong Director
Zhang Lin Yong Supervisors
Ren Fu Jia Directors, executives
Shen Guo Liang Director
Tang Gen Quan Supervisors
Ren Jian Hua Director
Zhang Guo Fu Executives
Xia Zhi Ming Executives
Chen Wei Supervisors
Shen Yue Ming Supervisors
Shen Ping Ping Securities Affairs Representative
He Ya Dong Executives
Wang Gang Directors, Directors, and Executives

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