Paranovus Entertainment Technology (Paranovus Entertainment Technology) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)

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What is Paranovus Entertainment 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. Paranovus Entertainment Technology's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.00 Mil. Paranovus Entertainment Technology's average total debt for the quarter that ended in Sep. 2023 was $2.24 Mil. Therefore, Paranovus Entertainment Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.00%.

Paranovus Entertainment Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Paranovus Entertainment 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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Paranovus Entertainment Technology Effective Interest Rate on Debt % Chart

Paranovus Entertainment Technology Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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6.63

6.38

5.25

3.82

3.19

Paranovus Entertainment Technology Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									3.68	4.40	0.09	6.56	-

Competitive Comparison of Paranovus Entertainment Technology's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Paranovus Entertainment 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.

Paranovus Entertainment Technology's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Paranovus Entertainment Technology's Effective Interest Rate on Debt % distribution charts can be found below:

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

Paranovus Entertainment Technology Effective Interest Rate on Debt % Calculation

Paranovus Entertainment Technology's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.072	/	( (2.268	+	2.241)	/ 2 )
=	-1 * -0.072	/	2.2545
=	3.19 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.268
=	2.268

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.241
=	2.241

Paranovus Entertainment Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * 0	/	( (2.241	+	0)	/ 1 )
=	-1 * 0	/	2.241
=	0.00 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.241
=	2.241

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

Paranovus Entertainment Technology (NAS:PAVS) Effective Interest Rate on Debt % Explanation

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

Paranovus Entertainment Technology Effective Interest Rate on Debt % Related Terms

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Paranovus Entertainment Technology (Paranovus Entertainment Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paranovus Entertainment Technology Ltd (NAS:PAVS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 11, Dongjiao East Road, Shuangxi, Shunchang, Fujian Province, Nanping, CHN, 353200

Website

https://www.happ.org.cn

Paranovus Entertainment Technology Ltd is a nutraceutical and dietary supplements producer focused on the research, development, manufacturing, and marketing of products made from Chinese herbal extracts. The company's segment includes Healthcare products; Automobile; Online store and Internet information and advertising service. It generates maximum revenue from the Online store segment.