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Singatron Electronic (China) Co (SZSE:301329) Effective Interest Rate on Debt % : 1.65% (As of Mar. 2024)


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What is Singatron Electronic (China) 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. Singatron Electronic (China) Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0.1 Mil. Singatron Electronic (China) Co's average total debt for the quarter that ended in Mar. 2024 was ¥7.5 Mil. Therefore, Singatron Electronic (China) Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.65%.


Singatron Electronic (China) Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Singatron Electronic (China) 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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Singatron Electronic (China) Co Effective Interest Rate on Debt % Chart

Singatron Electronic (China) Co Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.88 3.03 6.62 3.68 3.32

Singatron Electronic (China) Co Quarterly Data
Dec12 Dec13 Jun14 Dec14 Jun15 Dec18 Dec19 Dec20 Mar21 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 1.97 1.90 5.87 2.05 1.65

Competitive Comparison of Singatron Electronic (China) Co's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Singatron Electronic (China) 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.


Singatron Electronic (China) Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Singatron Electronic (China) Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Singatron Electronic (China) Co's Effective Interest Rate on Debt % falls into.



Singatron Electronic (China) Co Effective Interest Rate on Debt % Calculation

Singatron Electronic (China) 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  *  -0.365/( (13.395+8.578)/ 2 )
=-1  *  -0.365/10.9865
=3.32 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.592 + 11.803
=13.395

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.88 + 5.698
=8.578

Singatron Electronic (China) 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  *  -0.124/( (8.578+6.426)/ 2 )
=-1  *  -0.124/7.502
=1.65 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.88 + 5.698
=8.578

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.683 + 3.743
=6.426

* 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.


Singatron Electronic (China) Co  (SZSE:301329) Effective Interest Rate on Debt % Explanation

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


Singatron Electronic (China) Co Effective Interest Rate on Debt % Related Terms

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Singatron Electronic (China) Co (SZSE:301329) Business Description

Traded in Other Exchanges
N/A
Address
Xukou Town, Wuzhong District, Jiangsu Province, Suzhou, CHN, 215164
Singatron Electronic (China) Co Ltd is engaged in the research and development, production and sales of connectors.

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