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Synthesis Electronic Technology Co (SZSE:300479) Effective Interest Rate on Debt % : 4.23% (As of Mar. 2024)


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What is Synthesis Electronic Technology 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. Synthesis Electronic Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥3.2 Mil. Synthesis Electronic Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥74.7 Mil. Therefore, Synthesis Electronic Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.23%.


Synthesis Electronic Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Synthesis Electronic Technology 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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Synthesis Electronic Technology Co Effective Interest Rate on Debt % Chart

Synthesis Electronic Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.87 5.44 5.31 3.90 4.28

Synthesis Electronic Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.61 4.94 4.50 4.67 4.23

Competitive Comparison of Synthesis Electronic Technology Co's Effective Interest Rate on Debt %

For the Business Equipment & Supplies subindustry, Synthesis Electronic Technology 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.


Synthesis Electronic Technology Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Synthesis Electronic Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Synthesis Electronic Technology Co Effective Interest Rate on Debt % Calculation

Synthesis Electronic Technology 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  *  -2.88/( (59.491+74.981)/ 2 )
=-1  *  -2.88/67.236
=4.28 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.525 + 56.966
=59.491

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.634 + 71.347
=74.981

Synthesis Electronic Technology 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  *  -3.16/( (74.981+74.408)/ 2 )
=-1  *  -3.16/74.6945
=4.23 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.634 + 71.347
=74.981

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.235 + 71.173
=74.408

* 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.

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.


Synthesis Electronic Technology Co  (SZSE:300479) Effective Interest Rate on Debt % Explanation

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


Synthesis Electronic Technology Co Effective Interest Rate on Debt % Related Terms

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Synthesis Electronic Technology Co (SZSE:300479) Business Description

Traded in Other Exchanges
N/A
Address
High-tech Zone, Shunhua Road, No. 699 Spiritual Technology Park, Jinan, CHN, 250101
Synthesis Electronic Technology Co Ltd is engaged in developing, producing, selling and servicing smart Identity authentication terminals and industrial application software. The solutions developed have been put into batch commercial application in banking, public security, communication, social security, and medical care. The company is also into data and cloud computing services.
Executives
Zang Xue Li Directors, executives
Min Wan Li Director
Yan Long Director
Ding Xin Directors, executives
Li Hong Yu Directors, executives
Wang Ji Chun Director
Sun Jian Wei Supervisors
Guan Hua Jian Directors, executives

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