Singularity Future Technology (Singularity Future Technology) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Singularity Future 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. Singularity Future Technology's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Singularity Future Technology's average total debt for the quarter that ended in Dec. 2023 was $0.44 Mil. Therefore, Singularity Future Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Singularity Future Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Singularity Future 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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Singularity Future Technology Effective Interest Rate on Debt % Chart

Singularity Future Technology Annual Data

Trend

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Effective Interest Rate on Debt %

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Singularity Future Technology Quarterly Data
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Competitive Comparison of Singularity Future Technology's Effective Interest Rate on Debt %

For the Integrated Freight & Logistics subindustry, Singularity Future 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.

Singularity Future Technology's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Singularity Future Technology's Effective Interest Rate on Debt % distribution charts can be found below:

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

Singularity Future Technology Effective Interest Rate on Debt % Calculation

Singularity Future Technology's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * 0	/	( (6.319	+	5.576)	/ 2 )
=	-1 * 0	/	5.9475
=	0.00 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.847	+	0.472
=	6.319

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.245	+	0.331
=	5.576

Singularity Future Technology'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	/	( (0.448	+	0.423)	/ 2 )
=	-1 * 0	/	0.4355
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.188	+	0.26
=	0.448

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.208	+	0.215
=	0.423

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.

Singularity Future Technology (NAS:SGLY) Effective Interest Rate on Debt % Explanation

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

Singularity Future Technology Effective Interest Rate on Debt % Related Terms

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Singularity Future Technology (Singularity Future Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singularity Future Technology Ltd (NAS:SGLY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

98 Cutter Mill Road, Suite 311, Great Neck, NY, USA, 11021

Website

https://www.singularity.us

Singularity Future Technology Ltd is an investment holding company. The company's operating segment includes Freight Logistics Services and Sale of Crypto-mining Machines. It generates maximum revenue from the Freight Logistics Services segment. Geographically, it derives a majority of its revenue from China.

Executives

Zhongliang Xie	director	SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11021
Ying Cao	officer: CFO	SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11021
Ling Jiang	director	SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201
Haotian Song	director, officer: Voce President	SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201
Dianjiang Wang	officer: CFO	SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201
Ziyuan Liu	director, officer: Chairman of the Board and CEO	SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201
Yang Jie	director, officer: Chief Executive Officer	108 WOOLEYS LN, GREAT NECK NJ 11023
Jing Shan	officer: Chief Operating Officer	9 AVE AT PORT IMPERIAL, UNITE 622, WEST NEW YORK NJ 07093
Shi Qiu	officer: Chief Technology Officer	67B 157 WEST 57 STREET, NEW YORK NY 10019
Heng Wang	director	16-017, 85 BROAD STREET, NEW YORK NY 10004
Lei Nie	officer: Vice President	49 ELMTREE LANE, JERICHO NY 11753
Xiaohuan Huang	director	GRAND TWO 131-03 40TH RD, FLUSHING NY 11354
Junfeng Xu	director	RM802, JUYUANBEILI, DAHONGMEN RD., FENGTAI DIST., BEIJING F4 100076
Jianming Li	director	RM102 NO.77 BAO GANG SI CUN, YOUYI RD, BAOSHAN DISTRICT, SHANGHAI F4 201999
Jing Wang	director	36-09 MAIN STREET, SUITE 9C-2, FLUSHING NY 11354