Suncha Technology Co (SZSE:001211) Effective Interest Rate on Debt %

: 7.33% (As of Sep. 2023)

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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. Suncha Technology Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ¥21 Mil. Suncha Technology Co's average total debt for the quarter that ended in Sep. 2023 was ¥290 Mil. Therefore, Suncha Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 7.33%.

Suncha Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Suncha 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.

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Suncha Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

6.08

5.40

5.39

5.63

4.95

Suncha Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %														5.07	8.75	6.66	3.57	7.33

Competitive Comparison

For the Furnishings, Fixtures & Appliances subindustry, Suncha 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.

Suncha Technology Co Effective Interest Rate on Debt % Distribution

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Suncha Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Suncha Technology Co Effective Interest Rate on Debt % Calculation

Suncha Technology Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -6.979	/	( (81.063	+	200.883)	/ 2 )
=	-1 * -6.979	/	140.973
=	4.95 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.762	+	59.301
=	81.063

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.184	+	162.699
=	200.883

Suncha Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -21.26	/	( (277.965	+	302.111)	/ 2 )
=	-1 * -21.26	/	290.038
=	7.33 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.433	+	233.532
=	277.965

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	48.884	+	253.227
=	302.111

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Suncha Technology Co (SZSE:001211) Effective Interest Rate on Debt % Explanation

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

Suncha Technology Co Effective Interest Rate on Debt % Related Terms

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Suncha Technology Co (SZSE:001211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Suncha Technology Co Ltd (SZSE:001211) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

103 Zhucheng Road, Baizhang Town, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311100

Website

http://www.sqzm.com

Suncha Technology Co Ltd is engaged in the Research and development, design, production and sales of kitchen utensils for daily meals. The main products are chopsticks, cutting boards, shovel spoons, rice husk tableware and others.

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