WiMi Hologram Cloud (WiMi Hologram Cloud) Effective Interest Rate on Debt % : 4.00% (As of Jun. 2023)

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What is WiMi Hologram Cloud 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. WiMi Hologram Cloud's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $0.27 Mil. WiMi Hologram Cloud's average total debt for the quarter that ended in Jun. 2023 was $6.80 Mil. Therefore, WiMi Hologram Cloud's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 4.00%.

WiMi Hologram Cloud Effective Interest Rate on Debt % Historical Data

The historical data trend for WiMi Hologram Cloud'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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WiMi Hologram Cloud Effective Interest Rate on Debt % Chart

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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3.96

10.26

4.19

7.49

3.15

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							6.92	8.05	6.39	2.45	4.00

Competitive Comparison of WiMi Hologram Cloud's Effective Interest Rate on Debt %

For the Advertising Agencies subindustry, WiMi Hologram Cloud'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.

WiMi Hologram Cloud's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, WiMi Hologram Cloud's Effective Interest Rate on Debt % distribution charts can be found below:

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

WiMi Hologram Cloud Effective Interest Rate on Debt % Calculation

WiMi Hologram Cloud'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 * -0.323	/	( (14.189	+	6.321)	/ 2 )
=	-1 * -0.323	/	10.255
=	3.15 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.763	+	3.426
=	14.189

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.031	+	6.29
=	6.321

WiMi Hologram Cloud'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 * -0.272	/	( (6.321	+	7.28)	/ 2 )
=	-1 * -0.272	/	6.8005
=	4.00 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.031	+	6.29
=	6.321

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.995	+	1.285
=	7.28

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.

WiMi Hologram Cloud (NAS:WIMI) Effective Interest Rate on Debt % Explanation

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

WiMi Hologram Cloud Effective Interest Rate on Debt % Related Terms

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WiMi Hologram Cloud (WiMi Hologram Cloud) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WiMi Hologram Cloud Inc (NAS:WIMI) » Definitions » Effective Interest Rate on Debt %

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0BF1:Germany

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.