China Hi-Tech Group Co (SHSE:600730) Effective Interest Rate on Debt % : 1.42% (As of Dec. 2023)

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What is China Hi-Tech Group Co 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. China Hi-Tech Group Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ¥0.0 Mil. China Hi-Tech Group Co's average total debt for the quarter that ended in Dec. 2023 was ¥0.6 Mil. Therefore, China Hi-Tech Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.42%.

China Hi-Tech Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for China Hi-Tech Group Co'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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China Hi-Tech Group Co Effective Interest Rate on Debt % Chart

China Hi-Tech Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.62

24.31

14.09

2.98

3.79

China Hi-Tech Group Co 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															3.59	4.13	4.45	4.50	1.42

Competitive Comparison of China Hi-Tech Group Co's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, China Hi-Tech Group Co'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.

China Hi-Tech Group Co's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China Hi-Tech Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Hi-Tech Group Co's Effective Interest Rate on Debt % falls into.

China Hi-Tech Group Co Effective Interest Rate on Debt % Calculation

China Hi-Tech Group Co'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 * -0.035	/	( (1.432	+	0.416)	/ 2 )
=	-1 * -0.035	/	0.924
=	3.79 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.495	+	0.937
=	1.432

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.105	+	0.311
=	0.416

China Hi-Tech Group Co'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 * -0.008	/	( (0.711	+	0.416)	/ 2 )
=	-1 * -0.008	/	0.5635
=	1.42 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.126	+	0.585
=	0.711

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.105	+	0.311
=	0.416

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.

China Hi-Tech Group Co (SHSE:600730) Effective Interest Rate on Debt % Explanation

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

China Hi-Tech Group Co Effective Interest Rate on Debt % Related Terms

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China Hi-Tech Group Co (SHSE:600730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Hi-Tech Group Co Ltd (SHSE:600730) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1122 Xinjinqiao Road, Fangzheng Building, 9-10F, Pudong, Shanghai, Shanghai, CHN, 201216

Website

http://www.chinahitech.com.cn

China Hi-Tech Group Co Ltd is engaged in the education sector. The company provides education and training services. The company is also involved in education investment and educational research.

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