Pangaea Connectivity Technology (HKSE:01473) Effective Interest Rate on Debt % : 8.28% (As of Sep. 2023)

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What is Pangaea Connectivity 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. Pangaea Connectivity Technology's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was HK$29 Mil. Pangaea Connectivity Technology's average total debt for the quarter that ended in Sep. 2023 was HK$347 Mil. Therefore, Pangaea Connectivity Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 8.28%.

Pangaea Connectivity Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Pangaea Connectivity 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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Pangaea Connectivity Technology Effective Interest Rate on Debt % Chart

Pangaea Connectivity Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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6.09

5.22

5.97

4.50

7.15

Pangaea Connectivity Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					3.08	4.47	4.54	8.94	8.28

Competitive Comparison of Pangaea Connectivity Technology's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Pangaea Connectivity 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.

Pangaea Connectivity Technology's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

Pangaea Connectivity Technology Effective Interest Rate on Debt % Calculation

Pangaea Connectivity 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 * -27.599	/	( (407.317	+	365.009)	/ 2 )
=	-1 * -27.599	/	386.163
=	7.15 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.286	+	405.031
=	407.317

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.416	+	364.593
=	365.009

Pangaea Connectivity 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 * -28.71	/	( (365.009	+	328.307)	/ 2 )
=	-1 * -28.71	/	346.658
=	8.28 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.416	+	364.593
=	365.009

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.896	+	322.411
=	328.307

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.

Pangaea Connectivity Technology (HKSE:01473) Effective Interest Rate on Debt % Explanation

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

Pangaea Connectivity Technology Effective Interest Rate on Debt % Related Terms

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Pangaea Connectivity Technology (HKSE:01473) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pangaea Connectivity Technology Ltd (HKSE:01473) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

181 Johnston Road, Rooms 902-6, 9th Floor, Tai Yau Building, Wanchai, Hong Kong, HKG

Website

http://www.pangaea.com.hk

Pangaea Connectivity Technology Ltd is involved in the telecom and datacom connectivity industry. It offers connectivity products covering wireless microwave networks, optical networks from access to metro to regional and long haul, and data center and commercial networks for cellular, fixed, personal and private usage. The company is principally engaged in import and export of connectivity products which are used in telecom and datacom connectivity industry. The company also offers a broad portfolio of WiFi and IoT products.

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