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Shenzhen MinDe Electronics Technology (SZSE:300656) Effective Interest Rate on Debt % : 3.95% (As of Mar. 2024)


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What is Shenzhen MinDe Electronics Technology 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. Shenzhen MinDe Electronics Technology's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥16.3 Mil. Shenzhen MinDe Electronics Technology's average total debt for the quarter that ended in Mar. 2024 was ¥411.8 Mil. Therefore, Shenzhen MinDe Electronics Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.95%.


Shenzhen MinDe Electronics Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Shenzhen MinDe Electronics Technology'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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Shenzhen MinDe Electronics Technology Effective Interest Rate on Debt % Chart

Shenzhen MinDe Electronics Technology 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 15.92 7.90 6.81 4.87 3.53

Shenzhen MinDe Electronics Technology 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 3.39 2.74 2.94 2.38 3.95

Competitive Comparison of Shenzhen MinDe Electronics Technology's Effective Interest Rate on Debt %

For the Security & Protection Services subindustry, Shenzhen MinDe Electronics Technology'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.


Shenzhen MinDe Electronics Technology's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Shenzhen MinDe Electronics Technology's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shenzhen MinDe Electronics Technology's Effective Interest Rate on Debt % falls into.



Shenzhen MinDe Electronics Technology Effective Interest Rate on Debt % Calculation

Shenzhen MinDe Electronics Technology'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  *  -11.541/( (265.839+387.539)/ 2 )
=-1  *  -11.541/326.689
=3.53 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=82.547 + 183.292
=265.839

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=222.053 + 165.486
=387.539

Shenzhen MinDe Electronics Technology'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  *  -16.256/( (387.539+436.039)/ 2 )
=-1  *  -16.256/411.789
=3.95 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=222.053 + 165.486
=387.539

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=211.191 + 224.848
=436.039

* 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.


Shenzhen MinDe Electronics Technology  (SZSE:300656) Effective Interest Rate on Debt % Explanation

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


Shenzhen MinDe Electronics Technology Effective Interest Rate on Debt % Related Terms

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Shenzhen MinDe Electronics Technology (SZSE:300656) Business Description

Traded in Other Exchanges
N/A
Address
No.5, Kezhi Xi Road, 5th Floor, Section 1, 25th Block, Keji Yuan, Nanshan District, Shenzhen, CHN, 518057
Shenzhen MinDe Electronics Technology Ltd is a Chinese company engaged in designing, developing and manufacturing barcode scan instruments. Its products include handheld barcode scanners, cordless barcode scanners, scan engines, image platform, and lightweight data terminal, among others. The application domains are manufacturing, retailing, postage, logistic and medical services. It has customers in China and in various other countries.
Executives
Huang Xiao Dong Directors, executives
Gao Jian Directors, executives
Luo Yuan Xiong Supervisors
Zou Shan Feng Director
Fan Zhang Zheng Directors, executives
Yi Yang Qing Directors, executives
Bai Nan Supervisors
Chen Guo Bing Securities Affairs Representative
Xu Wen Huan Directors, executives

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