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Hon Hai Precision Industry Co (Hon Hai Precision Industry Co) Effective Interest Rate on Debt % : 4.61% (As of Mar. 2024)


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What is Hon Hai Precision Industry 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. Hon Hai Precision Industry Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1,342 Mil. Hon Hai Precision Industry Co's average total debt for the quarter that ended in Mar. 2024 was $29,111 Mil. Therefore, Hon Hai Precision Industry Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.61%.


Hon Hai Precision Industry Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hon Hai Precision Industry 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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Hon Hai Precision Industry Co Effective Interest Rate on Debt % Chart

Hon Hai Precision Industry 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 9.44 5.93 2.67 3.51 6.77

Hon Hai Precision Industry Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.29 7.25 7.14 6.73 4.61

Competitive Comparison of Hon Hai Precision Industry Co's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Hon Hai Precision Industry 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.


Hon Hai Precision Industry Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hon Hai Precision Industry Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hon Hai Precision Industry Co's Effective Interest Rate on Debt % falls into.



Hon Hai Precision Industry Co Effective Interest Rate on Debt % Calculation

Hon Hai Precision Industry 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  *  -2097.284/( (31775.858+30176.858)/ 2 )
=-1  *  -2097.284/30976.358
=6.77 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10390.015 + 21385.843
=31775.858

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9226.322 + 20950.536
=30176.858

Hon Hai Precision Industry Co'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  *  -1342.46/( (30176.858+28045.715)/ 2 )
=-1  *  -1342.46/29111.2865
=4.61 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9226.322 + 20950.536
=30176.858

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9663.098 + 18382.617
=28045.715

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Hon Hai Precision Industry Co  (OTCPK:HNHAF) Effective Interest Rate on Debt % Explanation

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


Hon Hai Precision Industry Co Effective Interest Rate on Debt % Related Terms

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Hon Hai Precision Industry Co (Hon Hai Precision Industry Co) Business Description

Traded in Other Exchanges
Address
No.2, Zihyou Street, Tucheng District, New Taipei, TWN, 236
Hon Hai Precision is the world's largest contract manufacturer of consumer electronics, communications, and computer products. It is the biggest supplier to Apple, whose business accounted for 55% of overall revenue in 2022. Hon Hai is also involved in the production of upstream components such as electronic connectors, semiconductor packaging, and metal casings for smartphones. These upstream activities are mainly conducted through its listed majority-owned subsidiaries Foxconn Industrial Internet and FIH Mobile. In response to its traditional end markets of computers, smartphones, and telecom equipment maturing in 2019 it started on a strategy to develop expertise in three new growth areas—electric vehicles, digital health, and robotics.

Hon Hai Precision Industry Co (Hon Hai Precision Industry Co) Headlines