Haimo Technologies Group (SZSE:300084) Effective Interest Rate on Debt % : 5.63% (As of Mar. 2024)

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What is Haimo Technologies 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. Haimo Technologies Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥30.3 Mil. Haimo Technologies Group's average total debt for the quarter that ended in Mar. 2024 was ¥538.8 Mil. Therefore, Haimo Technologies Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.63%.

Haimo Technologies Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Haimo Technologies 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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Haimo Technologies Group Effective Interest Rate on Debt % Chart

Haimo Technologies Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.49

5.54

5.47

5.88

6.17

Haimo Technologies 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															5.07	5.61	5.45	8.55	5.63

Competitive Comparison of Haimo Technologies Group's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Haimo Technologies 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.

Haimo Technologies Group's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Haimo Technologies Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Haimo Technologies Group Effective Interest Rate on Debt % Calculation

Haimo Technologies 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 * -33.886	/	( (544.526	+	554.106)	/ 2 )
=	-1 * -33.886	/	549.316
=	6.17 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.882	+	512.644
=	544.526

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.615	+	522.491
=	554.106

Haimo Technologies 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 * -30.328	/	( (554.106	+	523.406)	/ 2 )
=	-1 * -30.328	/	538.756
=	5.63 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.615	+	522.491
=	554.106

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.606	+	492.8
=	523.406

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.

Haimo Technologies Group (SZSE:300084) Effective Interest Rate on Debt % Explanation

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

Haimo Technologies Group Effective Interest Rate on Debt % Related Terms

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Haimo Technologies Group (SZSE:300084) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Haimo Technologies Group Corp (SZSE:300084) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 593, Zhang Sutan, Chengguan District, Gansu Province, Lanzhou, CHN, 730010

Website

http://www.haimotech.com

Haimo Technologies Group Corp is engaged in energy production, equipment supply, environmental protection, and data management and production optimization services. The company also offers multi-phase metering services to oil field service companies. The products and services of the company include fracturing equipment and services, environmental protection equipment and services, and integrated production optimization services.

Executives

Su Zhan Cai	Directors, executives
Ma Jun	Executives
Dou Jian Wen	Executives, directors
Wu Rui Rui	Securities Affairs Representative
Li Jian Guo	Directors, executives
Zhou Jian Feng	Director
Zhang Li Qiang	Directors, Directors, and Executives
Chen Ji Ge	Directors, executives
Lu Yi Xin	Executives
Wang Zhen Gang	Supervisors
Long Li Juan	Supervisors
Guo Shen	Director
He Gong An	Executives
Pan Zhao Bai	Executives

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