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Shenzhen Fortune Trend Technology Co (SHSE:688318) Effective Interest Rate on Debt % : 0.17% (As of Mar. 2025)


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What is Shenzhen Fortune Trend Technology 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. Shenzhen Fortune Trend Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ¥0.0 Mil. Shenzhen Fortune Trend Technology Co's average total debt for the quarter that ended in Mar. 2025 was ¥11.6 Mil. Therefore, Shenzhen Fortune Trend Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 0.17%.

Shenzhen Fortune Trend Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shenzhen Fortune Trend Technology 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.

* Premium members only.

Shenzhen Fortune Trend Technology Co Effective Interest Rate on Debt % Chart

Shenzhen Fortune Trend Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.59 5.48 5.28 21.90 189.59

Shenzhen Fortune Trend Technology Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.37 2.78 2.89 5.95 0.17

Competitive Comparison of Shenzhen Fortune Trend Technology Co's Effective Interest Rate on Debt %

For the Software - Application subindustry, Shenzhen Fortune Trend Technology 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.

Shenzhen Fortune Trend Technology Co's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Shenzhen Fortune Trend Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shenzhen Fortune Trend Technology Co's Effective Interest Rate on Debt % falls into.


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Shenzhen Fortune Trend Technology Co Effective Interest Rate on Debt % Calculation

Shenzhen Fortune Trend Technology Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -2.751/( (2.236+0.666)/ 2 )
=-1  *  -2.751/1.451
=189.59 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.974 + 1.262
=2.236

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.113 + 0.553
=0.666

Shenzhen Fortune Trend Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2024 )+Total Debt  (Q: Mar. 2025 ))/ count )
=-1  *  -0.02/( (0.666+22.595)/ 2 )
=-1  *  -0.02/11.6305
=0.17 %

where

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.113 + 0.553
=0.666

Total Debt  (Q: Mar. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.113 + 22.482
=22.595

* 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 (Mar. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Shenzhen Fortune Trend Technology Co  (SHSE:688318) Effective Interest Rate on Debt % Explanation

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

Shenzhen Fortune Trend Technology Co Effective Interest Rate on Debt % Related Terms

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Shenzhen Fortune Trend Technology Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Fortune Trend Technology Co Ltd (SHSE:688318) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
SHSE:688568 SZSE:002065 SZSE:002195 SZSE:300496 SHSE:603160 SZSE:300682 SZSE:000997 SHSE:688692 SZSE:301275 SZSE:002153 XTER:SAP CRM INTU NOW UBER ADBE TSX:SHOP ADP MSTR CDNS
Traded in Other Exchanges
N/A
Address
No. 10 Kaifeng Road, Meilin Street, Room 808, 8th Floor, Huachao Building, Meilin Community, Guangdong, Futian District, Shenzhen, CHN, 518049
Website
https://www.tdx.com.cn
Shenzhen Fortune Trend Technology Co Ltd is engaged in research and development of securities analysis systems and computer communication systems. It provides securities investment analysis system for securities institutions and investors under the brand Tongdaxin. Tongdaxin's well-known online trading products are: China Merchants Securities Zhiyuan One Account, Guoxin Securities Golden Sun Edition, CITIC Securities Zhixin All-rounder, GF Securities Financial Terminal, Galaxy Securities Neptune, Guotai Junan Securities Fuyi, among others.
Executives
Wu Huo Sheng Core technical personnel
Shen Zhi Kun Core technical personnel
Bao Wei Core technical personnel
Sun Kui Core technical personnel
Tian Jin En Directors, senior managers, core technical personnel
Chen Fan Supervisors, core technical personnel
Qin Tao senior management
Huang Shan Directors, senior managers, core technical personnel
Huang Qing Director
Zhang Li Jun Directors, senior managers, core technical personnel

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