Taoping (Taoping) Effective Interest Rate on Debt % : 7.46% (As of Jun. 2023)

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What is Taoping 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. Taoping's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $0.52 Mil. Taoping's average total debt for the quarter that ended in Jun. 2023 was $7.03 Mil. Therefore, Taoping's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 7.46%.

Taoping Effective Interest Rate on Debt % Historical Data

The historical data trend for Taoping'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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Taoping Effective Interest Rate on Debt % Chart

Taoping Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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6.96

7.36

13.67

12.03

7.27

Taoping Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															12.72	11.48	7.12	6.99	7.46

Competitive Comparison of Taoping's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Taoping'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.

Taoping's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Taoping's Effective Interest Rate on Debt % distribution charts can be found below:

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

Taoping Effective Interest Rate on Debt % Calculation

Taoping's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.556	/	( (8.036	+	7.253)	/ 2 )
=	-1 * -0.556	/	7.6445
=	7.27 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.177	+	7.859
=	8.036

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.02	+	7.233
=	7.253

Taoping's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -0.524	/	( (7.253	+	6.8)	/ 2 )
=	-1 * -0.524	/	7.0265
=	7.46 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.02	+	7.233
=	7.253

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.005	+	6.795
=	6.8

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 (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Taoping (NAS:TAOP) Effective Interest Rate on Debt % Explanation

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

Taoping Effective Interest Rate on Debt % Related Terms

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Taoping (Taoping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Taoping Inc (NAS:TAOP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Everbright Bank Building, 21st Floor, Zhuzilin, Futian District, Guangdong, Shenzhen, CHN, 518040

Website

https://www.taop.com

Taoping Inc is a provider of cloud-app technologies for smart city IoT platforms, digital advertising delivery, and other internet-based information distribution systems in China. Its operating segment includes Cloud-based Technology (CBT), Blockchain Technology (BT), and Traditional Information Technology (TIT). It generates maximum revenue from the CBT segment. CBT segment includes cloud-based products and services offered to customers in the private sector including new media, healthcare, education, and residential community management.