Naas Technology (Naas Technology) Effective Interest Rate on Debt % : 6.73% (As of Mar. 2024)

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What is Naas 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. Naas Technology's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $9.85 Mil. Naas Technology's average total debt for the quarter that ended in Mar. 2024 was $146.33 Mil. Therefore, Naas Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.73%.

Naas Technology Effective Interest Rate on Debt % Historical Data

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

Naas Technology Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

1.62

5.80

3.79

4.10

Naas Technology Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							5.00	4.18	3.45	3.37	6.73

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

For the Specialty Retail subindustry, Naas 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.

Naas Technology's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Naas Technology's Effective Interest Rate on Debt % distribution charts can be found below:

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

Naas Technology Effective Interest Rate on Debt % Calculation

Naas Technology'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 * -4.519	/	( (74.492	+	145.871)	/ 2 )
=	-1 * -4.519	/	110.1815
=	4.10 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68.058	+	6.434
=	74.492

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	96.462	+	49.409
=	145.871

Naas Technology'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 * -9.848	/	( (145.871	+	146.783)	/ 2 )
=	-1 * -9.848	/	146.327
=	6.73 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	96.462	+	49.409
=	145.871

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	78.994	+	67.789
=	146.783

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.

Naas Technology (NAS:NAAS) Effective Interest Rate on Debt % Explanation

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

Naas Technology Effective Interest Rate on Debt % Related Terms

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Naas Technology (Naas Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Naas Technology Inc (NAS:NAAS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

6RE0:Germany

Address

No.1 Yaojiayuan South Road, Newlink Center, Area G, Building 7, Huitong Times Square, Chaoyang District, Beijing, CHN, 100024

Website

https://www.enaas.com

Naas Technology Inc is an electric vehicle charging service provider in China, whose vision is to power the world with carbon-neutral energy. It offers an integrated set of online solutions to charging station operators. wide range of offline services that simplify the daily operations of charging station operators, and of non-charging services such as food and beverage services to station operators.