ATA Creativity Global (ATA Creativity Global) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is ATA Creativity Global 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. ATA Creativity Global's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. ATA Creativity Global's average total debt for the quarter that ended in Mar. 2024 was $4.01 Mil. Therefore, ATA Creativity Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

ATA Creativity Global Effective Interest Rate on Debt % Historical Data

The historical data trend for ATA Creativity Global'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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ATA Creativity Global Effective Interest Rate on Debt % Chart

ATA Creativity Global Annual Data

Trend

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Effective Interest Rate on Debt %

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ATA Creativity Global Quarterly Data
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Competitive Comparison of ATA Creativity Global's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, ATA Creativity Global'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.

ATA Creativity Global's Effective Interest Rate on Debt % Distribution in the Education Industry

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

* The bar in red indicates where ATA Creativity Global's Effective Interest Rate on Debt % falls into.

ATA Creativity Global Effective Interest Rate on Debt % Calculation

ATA Creativity Global'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	/	( (5.228	+	3.166)	/ 2 )
=	-1 * 0	/	4.197
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.801	+	2.427
=	5.228

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.33	+	1.836
=	3.166

ATA Creativity Global'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	/	( (3.166	+	4.862)	/ 2 )
=	-1 * 0	/	4.014
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.33	+	1.836
=	3.166

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.593	+	2.269
=	4.862

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.

ATA Creativity Global (NAS:AACG) Effective Interest Rate on Debt % Explanation

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

ATA Creativity Global Effective Interest Rate on Debt % Related Terms

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ATA Creativity Global (ATA Creativity Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » ATA Creativity Global (NAS:AACG) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

3IZ:Germany

Address

No. 39 Dong San Huan Zhong Road, 1st Floor East Gate, Building No. 2, Jian Wai Soho, Chao Yang District, Beijing, CHN, 100022

Website

https://ir.atai.net.cn

ATA Creativity Global is an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity. The operating segments are Overseas art study services, Other educational services and K-12 education assessment and other services. Majority of its revenue comes from Overseas art study services.