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


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What is Solidion 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. Solidion Technology's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Solidion Technology's average total debt for the quarter that ended in Dec. 2023 was $1.16 Mil. Therefore, Solidion Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Solidion Technology Effective Interest Rate on Debt % Historical Data

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

Solidion Technology Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - -

Solidion Technology Semi-Annual Data
Dec21 Dec22 Dec23
Effective Interest Rate on Debt % - - -

Competitive Comparison of Solidion Technology's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Solidion 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.

Solidion Technology's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Solidion Technology's Effective Interest Rate on Debt % distribution charts can be found below:

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


Solidion Technology Effective Interest Rate on Debt % Calculation

Solidion Technology'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/( (0.125+2.203)/ 2 )
=-1  *  0/1.164
=0.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.125
=0.125

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 2.203
=2.203

Solidion 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: Dec. 2022 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  0/( (0.125+2.203)/ 2 )
=-1  *  0/1.164
=0.00 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.125
=0.125

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 2.203
=2.203

* 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 one times the annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Solidion Technology  (NAS:STI) Effective Interest Rate on Debt % Explanation

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

Solidion Technology Effective Interest Rate on Debt % Related Terms

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Solidion Technology (Solidion Technology) Business Description

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Address
1240 McCook Avenue, Dayton, OH, USA, 45404
Website
Solidion Technology Inc is engaged in researching, developing and manufacturing battery materials and and components, as well as development and production of next-generation batteries for energy storage systems and electric vehicles for ground, air, and sea transportation. It is recognized as a global IP leader in both the high-capacity anode and the high-energy solid-state battery.

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