Sinosoft Co (SHSE:603927) Effective Interest Rate on Debt % : 5.39% (As of Mar. 2024)

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What is Sinosoft 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. Sinosoft Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥1 Mil. Sinosoft Co's average total debt for the quarter that ended in Mar. 2024 was ¥25 Mil. Therefore, Sinosoft Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.39%.

Sinosoft Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sinosoft 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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Sinosoft Co Effective Interest Rate on Debt % Chart

Sinosoft Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.75

4.92

3.45

5.13

Sinosoft 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															5.47	2.21	5.46	4.85	5.39

Competitive Comparison of Sinosoft Co's Effective Interest Rate on Debt %

For the Software - Application subindustry, Sinosoft 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.

Sinosoft Co's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Sinosoft Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Sinosoft Co Effective Interest Rate on Debt % Calculation

Sinosoft 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 * -1.726	/	( (38.417	+	28.905)	/ 2 )
=	-1 * -1.726	/	33.661
=	5.13 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.634	+	23.783
=	38.417

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.302	+	22.603
=	28.905

Sinosoft 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 * -1.368	/	( (28.905	+	21.865)	/ 2 )
=	-1 * -1.368	/	25.385
=	5.39 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.302	+	22.603
=	28.905

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.296	+	17.569
=	21.865

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.

Sinosoft Co (SHSE:603927) Effective Interest Rate on Debt % Explanation

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

Sinosoft Co Effective Interest Rate on Debt % Related Terms

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Sinosoft Co (SHSE:603927) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinosoft Co Ltd (SHSE:603927) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Building 6, Xinkexiangyuan,, Zhongguancun, Haidian District, Beijing, CHN, 100190

Website

http://www.sinosoft.com.cn

Sinosoft Co Ltd operates as a software developer and solutions provider. The companies software is actively used in many industries such as medical, energy, civil aviation, government and others. Further, it provides overall planning, technical support, supervision, training and consulting services.

Executives

Sun Xi Jie	Directors, senior managers
Xie Zhong Yang	senior management
Cai Hong	senior management
Wang Xin	senior management
Sun Jing	senior management
Xing Li	Directors, senior managers
Zhang Zhi Hua	senior management
Zuo Chun	Directors, senior managers
Wang Wan Cheng	senior management
Zhang Wei	Directors, senior managers
Zhang Tian Ban	Supervisors
Liang Geng	Director
Zhong Hua	Director

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