Acrobiosystems Co (SZSE:301080) Effective Interest Rate on Debt % : 3.65% (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Acrobiosystems 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. Acrobiosystems Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥2.7 Mil. Acrobiosystems Co's average total debt for the quarter that ended in Mar. 2024 was ¥73.9 Mil. Therefore, Acrobiosystems Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.65%.

Acrobiosystems Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Acrobiosystems 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.

Acrobiosystems Co Effective Interest Rate on Debt % Chart

Acrobiosystems Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

5.34

4.82

5.84

3.96

Acrobiosystems Co Quarterly Data
	Dec18	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															3.05	3.27	3.44	6.09	3.65

Competitive Comparison of Acrobiosystems Co's Effective Interest Rate on Debt %

For the Biotechnology subindustry, Acrobiosystems 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.

Acrobiosystems Co's Effective Interest Rate on Debt % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Acrobiosystems Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Acrobiosystems Co Effective Interest Rate on Debt % Calculation

Acrobiosystems 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 * -2.695	/	( (71.491	+	64.612)	/ 2 )
=	-1 * -2.695	/	68.0515
=	3.96 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	52.58	+	18.911
=	71.491

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.502	+	26.11
=	64.612

Acrobiosystems 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 * -2.696	/	( (64.612	+	83.136)	/ 2 )
=	-1 * -2.696	/	73.874
=	3.65 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.502	+	26.11
=	64.612

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.846	+	46.29
=	83.136

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.

Acrobiosystems Co (SZSE:301080) Effective Interest Rate on Debt % Explanation

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

Acrobiosystems Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Acrobiosystems Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Acrobiosystems Co (SZSE:301080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Acrobiosystems Co Ltd (SZSE:301080) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Hongda North Road, 4th Floor, Building 4, Beijing Economic and Technological Development Zon, Beijing, CHN, 100176

Website

https://www.acrobiosystems.cn

Acrobiosystems Co Ltd is a global brand focusing on protein technology, products and services in the development of biological drugs. It is committed to providing target antigens and other key reagents and related services required in the development of targeted therapeutic drugs.

Acrobiosystems Co (SZSE:301080) Headlines

No Headlines