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Senmiao Technology (Senmiao Technology) Effective Interest Rate on Debt % : 4.64% (As of Dec. 2023)


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What is Senmiao Technology 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. Senmiao Technology's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.06 Mil. Senmiao Technology's average total debt for the quarter that ended in Dec. 2023 was $1.29 Mil. Therefore, Senmiao Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.64%.


Senmiao Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Senmiao Technology'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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Senmiao Technology Effective Interest Rate on Debt % Chart

Senmiao Technology Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 3.89 11.90 1.12 4.99 2.46

Senmiao Technology Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 2.92 3.56 3.31 3.22 4.64

Competitive Comparison of Senmiao Technology's Effective Interest Rate on Debt %

For the Credit Services subindustry, Senmiao Technology'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.


Senmiao Technology's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Senmiao Technology's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Senmiao Technology's Effective Interest Rate on Debt % falls into.



Senmiao Technology Effective Interest Rate on Debt % Calculation

Senmiao Technology'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  *  -0.026/( (1.117+1)/ 2 )
=-1  *  -0.026/1.0585
=2.46 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.276 + 0.841
=1.117

Senmiao Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -0.06/( (1.311+1.277)/ 2 )
=-1  *  -0.06/1.294
=4.64 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.644 + 0.667
=1.311

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.575 + 0.702
=1.277

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


Senmiao Technology  (NAS:AIHS) Effective Interest Rate on Debt % Explanation

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


Senmiao Technology Effective Interest Rate on Debt % Related Terms

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Senmiao Technology (Senmiao Technology) Business Description

Traded in Other Exchanges
N/A
Address
Middle Jiannan Boulevard, 16th Floor, Shihao Square, High-Tech Zone, Sichuan, Chengdu, CHN, 610000
Senmiao Technology Ltd is a holding company. The company's operating segment includes Automobile Transaction and Related Services and Online ride-hailing platform Services. It generates maximum revenue from the Automobile Transaction and Related Services segment. Geographically, it derives revenue from China.
Executives
Xiaoyuan Zhang officer: CFO & Treasurer 16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE, CHENGDU, SICHUAN F4 610000
Haitao Liu officer: Chief Operating Officer 16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000
Chunhai Li officer: Chief Technology Officer 16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000
Trent D Davis director 811 SW NAITO PARKWAY, SUITE 200, PORTLAND OR 97204
Xiaojuan Lin director 16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000
Xi Wen director, officer: See Remarks 16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000
Jie Gao director 16F, SHIHAO SQUARE, MIDDLE JIANNAN BLVD., HIGH-TECH ZONE, CHENGDU, SICHUAN F4 610000
Sichun Wang director 16F, SHIHAO SQUARE, MIDDLE JIANNAN BLVD., HIGH-TECH ZONE, CHENGDU, SICHUAN F4 610000
Rong Zhu officer: Chief Financial Officer 16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000
Yulei Rao director 16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000
Xiang Hu director, 10 percent owner 16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000
Xi Chen officer: Chief Executive Officer 16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000