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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. IT Tech Packaging's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.87 Mil. IT Tech Packaging's average total debt for the quarter that ended in Dec. 2023 was $12.53 Mil. Therefore, IT Tech Packaging's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.93%.
The historical data trend for IT Tech Packaging'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.
IT Tech Packaging Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 4.63 | 6.48 | 6.88 | 6.51 | 7.08 |
IT Tech Packaging Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 6.26 | 5.92 | 6.05 | 6.55 | 6.93 |
For the Paper & Paper Products subindustry, IT Tech Packaging'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.
For the Forest Products industry and Basic Materials sector, IT Tech Packaging's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where IT Tech Packaging's Effective Interest Rate on Debt % falls into.
IT Tech Packaging'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 * -0.985 | / | ( (15.443 | + | 12.387) | / 2 ) |
= | -1 * -0.985 | / | 13.915 | |||
= | 7.08 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 4.784 | + | 10.659 |
= | 15.443 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 4.988 | + | 7.399 |
= | 12.387 |
IT Tech Packaging'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: Sep. 2023 ) | + | Total Debt (Q: Dec. 2023 )) | / count ) |
= | -1 * -0.868 | / | ( (12.668 | + | 12.387) | / 2 ) |
= | -1 * -0.868 | / | 12.5275 | |||
= | 6.93 % |
where
Total Debt (Q: Sep. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 7.028 | + | 5.64 |
= | 12.668 |
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 4.988 | + | 7.399 |
= | 12.387 |
* 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.
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 four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
IT Tech Packaging (AMEX:ITP) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of IT Tech Packaging's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhenyong Liu | director, 10 percent owner, officer: Chief Executive Officer | C/O ORIENT PAPER, INC., SCIENCE PARK, JULI ROAD, XIUSHUI COUNTY, BAODING CITY,HEBEI PROVINCE F4 072550 |
Jing Hao | officer: Chief Financial Officer | SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI PROVINCE F4 072550 |
Hon Wai Ku | director | SUITE 815, 8TH FLOOR, OCEAN CENTRE, HARBOUR CITY, 5 CANTON ROAD, KOWLOON,, HONG KONG F4 0000 |
Wenbing Wang | director | 21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020 |
Winston C Yen | officer: Chief Financial Officer | 345 S. FIGUEROA STREET, #100, LOS ANGELES CA 90071 |
Drew Bernstein | director | C/O BERSTEIN & PINCHUK LLP, SEVEN PENN PLAZA SUITE 830, NEW YORK NY 10001 |
Zhaofang Wang | director | ROOM 401, UNIT 4, 20TH FLOOR FANGYUANLI, CHAOYANG DISTRICT, BEIJING F4 100061 |
Fuzeng Liu | director | SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550 |
Xiaodong Liu | director | SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550 |
Chen Li | director | SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550 |
Dahong Zhou | officer: Secretary | SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550 |
Max Time Enterprise Ltd | 10 percent owner | PO BOX 031-088, SHENNAN ZHONG ROAD, SHENZHEN CITY F4 518031 |
Hui Ping Cheng | director, 10 percent owner, officer: President | C/O MY QUOTE ZONE, 6130 ELTON AVENUE, LAS VEGAS NV 89107 |
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