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Shanghai Huace Navigation Technology (SZSE:300627) Effective Interest Rate on Debt % : 2.50% (As of Mar. 2024)


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What is Shanghai Huace Navigation Technology 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 Huace Navigation Technology's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥6 Mil. Shanghai Huace Navigation Technology's average total debt for the quarter that ended in Mar. 2024 was ¥233 Mil. Therefore, Shanghai Huace Navigation Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.50%.


Shanghai Huace Navigation Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Shanghai Huace Navigation Technology'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 Huace Navigation Technology Effective Interest Rate on Debt % Chart

Shanghai Huace Navigation Technology 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 4.48 4.47 2.29 2.22 3.29

Shanghai Huace Navigation Technology 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 2.58 3.42 2.95 3.14 2.50

Competitive Comparison of Shanghai Huace Navigation Technology's Effective Interest Rate on Debt %

For the Scientific & Technical Instruments subindustry, Shanghai Huace Navigation Technology'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 Huace Navigation Technology's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shanghai Huace Navigation Technology's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shanghai Huace Navigation Technology's Effective Interest Rate on Debt % falls into.



Shanghai Huace Navigation Technology Effective Interest Rate on Debt % Calculation

Shanghai Huace Navigation Technology'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  *  -8.808/( (286.041+248.738)/ 2 )
=-1  *  -8.808/267.3895
=3.29 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=152.918 + 133.123
=286.041

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=125.911 + 122.827
=248.738

Shanghai Huace Navigation Technology'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  *  -5.828/( (248.738+216.815)/ 2 )
=-1  *  -5.828/232.7765
=2.50 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=125.911 + 122.827
=248.738

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=125.49 + 91.325
=216.815

* 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 Huace Navigation Technology  (SZSE:300627) Effective Interest Rate on Debt % Explanation

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


Shanghai Huace Navigation Technology Effective Interest Rate on Debt % Related Terms

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Shanghai Huace Navigation Technology (SZSE:300627) Business Description

Traded in Other Exchanges
N/A
Address
No. 599, Gaojing Road, 3rd Floor, Building D, Qingpu District, Shanghai, CHN, 201702
Shanghai Huace Navigation Technology Ltd manufactures satellite navigation and positioning systems and equipment, geographic information and disaster monitoring system and equipment. It provides positioning solutions for surveying, construction, GIS and marine applications in various countries. The company offers products for GIS data collection, GNSS infrastructure, unmanned aircraft systems, marine construction, optical surveying, GNSS survey and engineering, and precision agriculture.
Executives
Zhao Yan Ping Director
Pu Dong Guo Directors, executives
Wang Xiang Zhong Directors, executives
Gao Zhan Wu Executives
Wang Jie Jun Directors, executives
Wang Li Supervisors

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