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Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Effective Interest Rate on Debt % : 21.65% (As of Dec. 2023)


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What is Shanxi Changcheng Microlight Equipment 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. Shanxi Changcheng Microlight Equipment Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$16.76 Mil. Shanxi Changcheng Microlight Equipment Co's average total debt for the quarter that ended in Dec. 2023 was HK$77.43 Mil. Therefore, Shanxi Changcheng Microlight Equipment Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 21.65%.


Shanxi Changcheng Microlight Equipment Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shanxi Changcheng Microlight Equipment 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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Shanxi Changcheng Microlight Equipment Co Effective Interest Rate on Debt % Chart

Shanxi Changcheng Microlight Equipment Co 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 13.33 9.94 8.41 9.68 12.69

Shanxi Changcheng Microlight Equipment Co 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 11.98 5.12 11.21 10.73 21.65

Competitive Comparison of Shanxi Changcheng Microlight Equipment Co's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Shanxi Changcheng Microlight Equipment 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.


Shanxi Changcheng Microlight Equipment Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shanxi Changcheng Microlight Equipment Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shanxi Changcheng Microlight Equipment Co's Effective Interest Rate on Debt % falls into.



Shanxi Changcheng Microlight Equipment Co Effective Interest Rate on Debt % Calculation

Shanxi Changcheng Microlight Equipment 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  *  -9.77/( (76.604+77.426)/ 2 )
=-1  *  -9.77/77.015
=12.69 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=58.678 + 17.926
=76.604

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=64.559 + 12.867
=77.426

Shanxi Changcheng Microlight Equipment Co'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  *  -16.76/( (0+77.426)/ 1 )
=-1  *  -16.76/77.426
=21.65 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=64.559 + 12.867
=77.426

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


Shanxi Changcheng Microlight Equipment Co  (HKSE:08286) Effective Interest Rate on Debt % Explanation

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


Shanxi Changcheng Microlight Equipment Co Effective Interest Rate on Debt % Related Terms

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Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Business Description

Traded in Other Exchanges
N/A
Address
No. 7 Dianzi Street, Demonstration Zone, Shanxi Province, Taiyuan, CHN
Shanxi Changcheng Microlight Equipment Co Ltd is a China-based company engaged in the design, research, development, manufacture, and sale of image transmission fiber optic products. Image transmission fiber optics products manufactured by the company are image transmission devices containing a rigidly bundle of optical fibers arranged in an ordered fashion so that images can be transmitted from one end of the optical fiber bundle and displayed on the other end of the bundle. The company produces five main products, including fiber optic inverters, fiber optic straight plates, fiber optic face plates, fiber optic tapers and microchannel plates.

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