Taiji Computer (SZSE:002368) Effective Interest Rate on Debt % : 2.00% (As of Mar. 2024)

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What is Taiji Computer 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. Taiji Computer's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥33 Mil. Taiji Computer's average total debt for the quarter that ended in Mar. 2024 was ¥1,654 Mil. Therefore, Taiji Computer's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.00%.

Taiji Computer Effective Interest Rate on Debt % Historical Data

The historical data trend for Taiji Computer'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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Taiji Computer Effective Interest Rate on Debt % Chart

Taiji Computer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.63

4.03

6.39

5.50

3.26

Taiji Computer 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															3.24	2.21	2.67	3.19	2.00

Competitive Comparison of Taiji Computer's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Taiji Computer'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.

Taiji Computer's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Taiji Computer Effective Interest Rate on Debt % Calculation

Taiji Computer'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 * -47.477	/	( (1766.183	+	1147.675)	/ 2 )
=	-1 * -47.477	/	1456.929
=	3.26 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	868.615	+	897.568
=	1766.183

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	246.675	+	901
=	1147.675

Taiji Computer'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 * -33.1	/	( (1147.675	+	2159.495)	/ 2 )
=	-1 * -33.1	/	1653.585
=	2.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	246.675	+	901
=	1147.675

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	249.037	+	1910.458
=	2159.495

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.

Taiji Computer (SZSE:002368) Effective Interest Rate on Debt % Explanation

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

Taiji Computer Effective Interest Rate on Debt % Related Terms

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Taiji Computer (SZSE:002368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Taiji Computer Corp Ltd (SZSE:002368) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rongda Road, China Electric Power Taiji Information Industry Park, Chaoyang District, Beijing, CHN

Website

http://www.taiji.com.cn

Taiji Computer Corp Ltd is engaged in the designing and engineering construction of information systems in China. It offers information technology consulting services, industry solution services, infrastructure services, operational services, and various other value-added IT services. In addition, the company is also involved in the information construction of government, finance, energy, manufacturing, and public utilities.

Executives

Feng Guo Kuan	Executives
Lv Yi	Director
Chai Yong Mao	Directors, executives
Wang Yu Zhong	Supervisors
Xiao Yi	Executives
Shen Long Zhe	Executives
Zhong Kai	Executives
Wang Xin Zhong	Executives
Zheng Ji Yun	Securities Affairs Representative
Zhang Su Wei	Executives
Xu Shi Jun	Executives
He Jing	Supervisors
Liu Huai Song	Directors, executives
Liu Xiao Wei	Directors, executives
Wang Ya Feng	Directors, executives

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