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Wah Fu Education Group (Wah Fu Education Group) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)


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What is Wah Fu Education Group 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. Wah Fu Education Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.00 Mil. Wah Fu Education Group's average total debt for the quarter that ended in Sep. 2023 was $0.43 Mil. Therefore, Wah Fu Education Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.00%.

Wah Fu Education Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Wah Fu Education Group'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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Wah Fu Education Group Effective Interest Rate on Debt % Chart

Wah Fu Education Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
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Wah Fu Education Group Semi-Annual Data
Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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Competitive Comparison of Wah Fu Education Group's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Wah Fu Education Group'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.

Wah Fu Education Group's Effective Interest Rate on Debt % Distribution in the Education Industry

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

* The bar in red indicates where Wah Fu Education Group's Effective Interest Rate on Debt % falls into.


Wah Fu Education Group Effective Interest Rate on Debt % Calculation

Wah Fu Education Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  0/( (0.142+0.413)/ 2 )
=-1  *  0/0.2775
=0.00 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.006 + 0.136
=0.142

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.203 + 0.21
=0.413

Wah Fu Education Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  0/( (0.413+0.447)/ 2 )
=-1  *  0/0.43
=0.00 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.203 + 0.21
=0.413

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.228 + 0.219
=0.447

* 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 two times the semi-annual (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Wah Fu Education Group  (NAS:WAFU) Effective Interest Rate on Debt % Explanation

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

Wah Fu Education Group Effective Interest Rate on Debt % Related Terms

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Wah Fu Education Group (Wah Fu Education Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Wah Fu Education Group Ltd (NAS:WAFU) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
N/A
Address
No. 13 Deshengmenwai Street, L207b, Hesheng Fortune Plaza, Xicheng District, Beijing, CHN, 100088
Website
https://www.edu-edu.com
Wah Fu Education Group Ltd is involved in providing online exam preparation services and related technology solutions and also produces online training course materials in China. It develops online educational materials that are offered through the cloud and that can be used for a wide range of purposes, such as standard examination preparation, professional training, and interactive programs for educational purposes other than exam preparation. Its segments are Online Education Services, and Technological Development and Operation Service. The company generates maximum revenue from the Online Education Services segment.