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Shenzhen Longsys Electronics Co (SZSE:301308) Effective Interest Rate on Debt % : 3.69% (As of Mar. 2024)


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What is Shenzhen Longsys Electronics 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. Shenzhen Longsys Electronics Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥217 Mil. Shenzhen Longsys Electronics Co's average total debt for the quarter that ended in Mar. 2024 was ¥5,885 Mil. Therefore, Shenzhen Longsys Electronics Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.69%.


Shenzhen Longsys Electronics Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shenzhen Longsys Electronics 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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Shenzhen Longsys Electronics Co Effective Interest Rate on Debt % Chart

Shenzhen Longsys Electronics Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 23.90 15.24 4.10 2.91 2.46

Shenzhen Longsys Electronics Co Quarterly Data
Dec18 Dec19 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 2.63 3.63 3.11 3.33 3.69

Competitive Comparison of Shenzhen Longsys Electronics Co's Effective Interest Rate on Debt %

For the Computer Hardware subindustry, Shenzhen Longsys Electronics 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.


Shenzhen Longsys Electronics Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Longsys Electronics Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Shenzhen Longsys Electronics Co Effective Interest Rate on Debt % Calculation

Shenzhen Longsys Electronics 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  *  -82.15/( (1337.116+5347.563)/ 2 )
=-1  *  -82.15/3342.3395
=2.46 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=255.017 + 1082.099
=1337.116

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2160.461 + 3187.102
=5347.563

Shenzhen Longsys Electronics 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  *  -217.136/( (5347.563+6421.824)/ 2 )
=-1  *  -217.136/5884.6935
=3.69 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2160.461 + 3187.102
=5347.563

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2211.124 + 4210.7
=6421.824

* 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 Longsys Electronics Co  (SZSE:301308) Effective Interest Rate on Debt % Explanation

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


Shenzhen Longsys Electronics Co Effective Interest Rate on Debt % Related Terms

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Shenzhen Longsys Electronics Co (SZSE:301308) Business Description

Traded in Other Exchanges
N/A
Address
No.8 Kefa Road, A, B, C, D, E, F1, 8th Floor, Building 1, Financial Services Technology Innovation Base, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057
Shenzhen Longsys Electronics Co Ltd is a technology-based storage product manufacturer dedicated to memory chip architecture and application. The company has five product lines: embedded storage, industrial storage, mobile storage, SSD storage, and memory module. It provides systematic solutions for personal data and industrial software and hardware storage products.
Executives
Cai Hua Bo Directors, executives
Wang Jing Yang Directors, executives
Zhu Yu Directors, executives

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