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TCTM Kids IT Education (TCTM Kids IT Education) Effective Interest Rate on Debt % : 0.18% (As of Jun. 2023)


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What is TCTM Kids IT Education 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. TCTM Kids IT Education's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $0.1 Mil. TCTM Kids IT Education's average total debt for the quarter that ended in Jun. 2023 was $45.4 Mil. Therefore, TCTM Kids IT Education's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 0.18%.


TCTM Kids IT Education Effective Interest Rate on Debt % Historical Data

The historical data trend for TCTM Kids IT Education'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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TCTM Kids IT Education Effective Interest Rate on Debt % Chart

TCTM Kids IT Education 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 - 0.03 - - -

TCTM Kids IT Education Quarterly Data
Sep18 Dec18 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
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 - - - 0.18 -

Competitive Comparison of TCTM Kids IT Education's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, TCTM Kids IT Education'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.


TCTM Kids IT Education's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, TCTM Kids IT Education's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where TCTM Kids IT Education's Effective Interest Rate on Debt % falls into.



TCTM Kids IT Education Effective Interest Rate on Debt % Calculation

TCTM Kids IT Education'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/( (41.266+30.761)/ 2 )
=-1  *  0/36.0135
=0.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.651 + 25.615
=41.266

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.098 + 15.663
=30.761

TCTM Kids IT Education's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -0.084/( (52.561+38.285)/ 2 )
=-1  *  -0.084/45.423
=0.18 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21.059 + 31.502
=52.561

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=20.34 + 17.945
=38.285

* 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 (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


TCTM Kids IT Education  (NAS:TCTM) Effective Interest Rate on Debt % Explanation

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


TCTM Kids IT Education Effective Interest Rate on Debt % Related Terms

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TCTM Kids IT Education (TCTM Kids IT Education) Business Description

Traded in Other Exchanges
Address
No. 1 Andingmenwai Street, 6th Floor, Litchi Tower, Chaoyang District, Beijing, CHN, 100011
Tarena International Inc is engaged in providing professional education services including professional information technology (IT) training courses and non-IT training courses. It offers K-12 education services in China. The company operates in two reportable segments namely IT Professional Education and IT-focused Supplementary STEAM Education Services. The majority of the revenue is generated from the IT-focused Supplementary STEAM Education Services segment. The service provides by the company includes featuring course content, examinations, student and teaching staff interaction tools, student management tools, and an online student community. For adult students, Their education platform combines live distance instruction, classroom-based tutoring, and online learning modules.