TCL Technology Group (SZSE:000100) Effective Interest Rate on Debt % : 3.14% (As of Mar. 2024)

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What is TCL Technology Group 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. TCL Technology Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥5,347 Mil. TCL Technology Group's average total debt for the quarter that ended in Mar. 2024 was ¥170,118 Mil. Therefore, TCL Technology Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.14%.

TCL Technology Group Effective Interest Rate on Debt % Historical Data

The historical data trend for TCL Technology Group'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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TCL Technology Group Effective Interest Rate on Debt % Chart

TCL Technology Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.78

2.77

3.39

3.17

3.04

TCL Technology Group 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															2.83	2.84	3.35	2.83	3.14

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

For the Semiconductor Equipment & Materials subindustry, TCL Technology Group'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.

TCL Technology Group's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, TCL Technology Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

TCL Technology Group Effective Interest Rate on Debt % Calculation

TCL Technology Group'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 * -4922.12	/	( (157022.307	+	166613.596)	/ 2 )
=	-1 * -4922.12	/	161817.9515
=	3.04 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	135071.399	+	21950.908
=	157022.307

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	132513.345	+	34100.251
=	166613.596

TCL Technology Group'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 * -5347.3	/	( (166613.596	+	173623.338)	/ 2 )
=	-1 * -5347.3	/	170118.467
=	3.14 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	132513.345	+	34100.251
=	166613.596

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	135954.552	+	37668.786
=	173623.338

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.

TCL Technology Group (SZSE:000100) Effective Interest Rate on Debt % Explanation

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

TCL Technology Group Effective Interest Rate on Debt % Related Terms

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TCL Technology Group (SZSE:000100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » TCL Technology Group Corp (SZSE:000100) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

17 Huifeng Third Road, TCL Technology Building, Zhongkai Hi-Tech Development District, Guangdong Province, Huizhou, CHN, 516001

Website

https://www.tcltech.com

TCL Technology Group Corp is a consumer electronics company in China. The company's operating segment includes Semi-conductor display and materials business; Distribution business; Semi-conductor photovoltaic and semi-conductor materials business and Other businesses. It generates maximum revenue from Semi-conductor display and materials business segment. The Semi-conductor display and materials business segment mainly includes research and development, manufacturing and sales of semiconductor display panels and semiconductor display modules.

Executives

Li Dong Sheng	Directors, executives
Liu Bin	Director
Wang Cheng	Executives
Lu Xin	Independent director
Yan Xiao Lin	Executives
Wang Jian Xun	Securities Affairs Representative
Mi Xin Bin	Supervisors
Han Fang Ming	Director
Bao Lian Ming	Directors, executives
Shi Wan Wen	Executives
Zhao Zhong Yao	Directors, executives
Huang Xu Bin	Executives
Yu Guang Hui	Executives
Zheng Chuan Lie	Director
He Cheng Ming	Executives

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