ANTA Sports Products (ANTA Sports Products) Effective Interest Rate on Debt % : 2.71% (As of Dec. 2023)

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What is ANTA Sports Products 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. ANTA Sports Products's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $78 Mil. ANTA Sports Products's average total debt for the quarter that ended in Dec. 2023 was $2,893 Mil. Therefore, ANTA Sports Products's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.71%.

ANTA Sports Products Effective Interest Rate on Debt % Historical Data

The historical data trend for ANTA Sports Products'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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ANTA Sports Products Effective Interest Rate on Debt % Chart

ANTA Sports Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.48

2.99

2.54

2.58

2.51

ANTA Sports Products Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.58	2.80	2.45	2.41	2.71

Competitive Comparison of ANTA Sports Products's Effective Interest Rate on Debt %

For the Leisure subindustry, ANTA Sports Products'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.

ANTA Sports Products's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, ANTA Sports Products's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where ANTA Sports Products's Effective Interest Rate on Debt % falls into.

ANTA Sports Products Effective Interest Rate on Debt % Calculation

ANTA Sports Products'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 * -72.967	/	( (2796.305	+	3006.779)	/ 2 )
=	-1 * -72.967	/	2901.542
=	2.51 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	635.426	+	2160.879
=	2796.305

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2068.85	+	937.929
=	3006.779

ANTA Sports Products's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -78.43	/	( (2778.926	+	3006.779)	/ 2 )
=	-1 * -78.43	/	2892.8525
=	2.71 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1987.042	+	791.884
=	2778.926

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2068.85	+	937.929
=	3006.779

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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

ANTA Sports Products (OTCPK:ANPDF) Effective Interest Rate on Debt % Explanation

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

ANTA Sports Products Effective Interest Rate on Debt % Related Terms

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ANTA Sports Products (ANTA Sports Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ANTA Sports Products Ltd (OTCPK:ANPDF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ANPDY:USA ANTA:Mexico 02020:Hong Kong AS7:Germany

Address

Anta Headquarters Building, Dongshan Industrial Zone, Chidian Town, Fujian Province, Jinjiang, CHN, 362212

Website

https://www.anta.com

Anta Sports is the largest Chinese sportswear company, engaging in the design, manufacturing, and marketing of sportswear. Brands under Anta's management include the Anta core brand, Fila, Descente, Sprandi, Kolon, and KingKow. As of the end of 2020, the company had 12,260 stores, of which 9,922 were Anta stores and 2,006 were Fila stores.