Hillstone Networks Co (SHSE:688030) Effective Interest Rate on Debt % : 5.23% (As of Mar. 2024)

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What is Hillstone Networks 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. Hillstone Networks Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥21.9 Mil. Hillstone Networks Co's average total debt for the quarter that ended in Mar. 2024 was ¥418.2 Mil. Therefore, Hillstone Networks Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.23%.

Hillstone Networks Co Effective Interest Rate on Debt % Historical Data

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

Hillstone Networks Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.95

0.75

5.28

7.56

4.46

Hillstone Networks 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															4.45	4.47	4.85	4.91	5.23

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

For the Software - Infrastructure subindustry, Hillstone Networks 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.

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

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

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

Hillstone Networks Co Effective Interest Rate on Debt % Calculation

Hillstone Networks 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 * -18.059	/	( (416.763	+	392.476)	/ 2 )
=	-1 * -18.059	/	404.6195
=	4.46 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	257.737	+	159.026
=	416.763

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	262.073	+	130.403
=	392.476

Hillstone Networks 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 * -21.88	/	( (392.476	+	443.874)	/ 2 )
=	-1 * -21.88	/	418.175
=	5.23 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	262.073	+	130.403
=	392.476

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	273.66	+	170.214
=	443.874

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.

Hillstone Networks Co (SHSE:688030) Effective Interest Rate on Debt % Explanation

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

Hillstone Networks Co Effective Interest Rate on Debt % Related Terms

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Hillstone Networks Co (SHSE:688030) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Hillstone Networks Co Ltd (SHSE:688030) » Definitions » Effective Interest Rate on Debt %

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Address

181 Jingrun Road, Science and Technology Town, Suzhou, CHN, 215000

Website

https://www.hillstonenet.com

Hillstone Networks Co Ltd is a provider of enterprise network security and risk management solutions. Its customers include financial and educational institutions, government and service providers. The company offers visibility, intelligence and protection to ensure enterprises can comprehensively see, thoroughly understand and rapidly act against cyber-threats.

Executives

	Senior management, core technical personnel
Luo Dong Ping	Directors, senior managers

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