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Luxshare Precision Industry Co (SZSE:002475) Effective Interest Rate on Debt % : 2.97% (As of Mar. 2024)


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What is Luxshare Precision Industry 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. Luxshare Precision Industry Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥1,388 Mil. Luxshare Precision Industry Co's average total debt for the quarter that ended in Mar. 2024 was ¥46,699 Mil. Therefore, Luxshare Precision Industry Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.97%.


Luxshare Precision Industry Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Luxshare Precision Industry 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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Luxshare Precision Industry Co Effective Interest Rate on Debt % Chart

Luxshare Precision Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.47 4.37 4.06 4.22 4.07

Luxshare Precision Industry Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.50 3.50 2.90 3.07 2.97

Competitive Comparison of Luxshare Precision Industry Co's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Luxshare Precision Industry 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.


Luxshare Precision Industry Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Luxshare Precision Industry Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Luxshare Precision Industry Co's Effective Interest Rate on Debt % falls into.



Luxshare Precision Industry Co Effective Interest Rate on Debt % Calculation

Luxshare Precision Industry 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  *  -1376.87/( (28839.828+38772.238)/ 2 )
=-1  *  -1376.87/33806.033
=4.07 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12695.676 + 16144.152
=28839.828

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15390.76 + 23381.478
=38772.238

Luxshare Precision Industry Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -1388.136/( (38772.238+54625.487)/ 2 )
=-1  *  -1388.136/46698.8625
=2.97 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15390.76 + 23381.478
=38772.238

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=22276.047 + 32349.44
=54625.487

* 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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Luxshare Precision Industry Co  (SZSE:002475) Effective Interest Rate on Debt % Explanation

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


Luxshare Precision Industry Co Effective Interest Rate on Debt % Related Terms

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Luxshare Precision Industry Co (SZSE:002475) Business Description

Traded in Other Exchanges
N/A
Address
No.17 Kuiqing Road, Qinghuang Industrial Zone, Qingxi Town, Guangdong, Dongguan, CHN, 523650
Founded in 2004, Luxshare Precision is one of the world's largest manufacturers of cables and connectors and is a major supplier to Apple, which accounts for over 70% of sales. The company has since expanded production into other faster-growing consumer electronic components, such as speakers, haptic, cameras, PC docks, and wireless charging modules, as well as electronic manufacturing services for Apple's Watch and AirPods. Of Luxshare's 2022 sales, 84% is derived from the consumer electronics end market, while the remaining 16% is spread across the computer, communication and automobile verticals. Luxshare employs over 230,000 people and has manufacturing bases in China, India, and Vietnam.

Luxshare Precision Industry Co (SZSE:002475) Headlines

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