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Shanghai Fortune Techgroup Co (SZSE:300493) Effective Interest Rate on Debt % : 2.40% (As of Mar. 2024)


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What is Shanghai Fortune Techgroup 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. Shanghai Fortune Techgroup Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥3 Mil. Shanghai Fortune Techgroup Co's average total debt for the quarter that ended in Mar. 2024 was ¥138 Mil. Therefore, Shanghai Fortune Techgroup Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.40%.

Shanghai Fortune Techgroup Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shanghai Fortune Techgroup 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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Shanghai Fortune Techgroup Co Effective Interest Rate on Debt % Chart

Shanghai Fortune Techgroup 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 2.36 1.66 2.54 4.60 3.18

Shanghai Fortune Techgroup 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 4.04 3.78 2.33 2.54 2.40

Competitive Comparison of Shanghai Fortune Techgroup Co's Effective Interest Rate on Debt %

For the Semiconductors subindustry, Shanghai Fortune Techgroup 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.

Shanghai Fortune Techgroup Co's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Shanghai Fortune Techgroup Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shanghai Fortune Techgroup Co's Effective Interest Rate on Debt % falls into.


Shanghai Fortune Techgroup Co Effective Interest Rate on Debt % Calculation

Shanghai Fortune Techgroup 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  *  -4.774/( (173.76+126.39)/ 2 )
=-1  *  -4.774/150.075
=3.18 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.637 + 173.123
=173.76

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.286 + 115.104
=126.39

Shanghai Fortune Techgroup 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  *  -3.324/( (126.39+150.21)/ 2 )
=-1  *  -3.324/138.3
=2.40 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.286 + 115.104
=126.39

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.412 + 140.798
=150.21

* 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.

Shanghai Fortune Techgroup Co  (SZSE:300493) Effective Interest Rate on Debt % Explanation

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

Shanghai Fortune Techgroup Co Effective Interest Rate on Debt % Related Terms

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Shanghai Fortune Techgroup Co (SZSE:300493) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shanghai Fortune Techgroup Co Ltd (SZSE:300493) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
SHSE:688061 SHSE:688135 SZSE:000925 SHSE:688391 SHSE:688049 SZSE:002119 SHSE:688589 SHSE:688620 SHSE:688416 SHSE:688230 NVDA TPE:2330 AVGO AMD INTC TXN QCOM ADI MU XKRX:000660
Traded in Other Exchanges
N/A
Address
No. 200, Tianlin Road, 3rd Floor, Room 301, Building A2, China Fortune Properties, Xuhui District, Shanghai, CHN, 200233
Website
http://www.fortune-co.com
Shanghai Fortune Techgroup Co Ltd is a provider of semiconductor chips and solutions for the telecommunication industry in China. The company products include wired and wireless communications, radio frequency and power amplifier type of components, sensors, and others. The company provides different solutions for smart home, smart cities, surveillance, and fingerprint identification applications.
Executives
Wang Ye Supervisors
Le Zhen Wu Independent director

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