ATXG (Addentax Group) Effective Interest Rate on Debt % : 0.95% (As of Sep. 2024)

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What is Addentax Group 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. Addentax Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.23 Mil. Addentax Group's average total debt for the quarter that ended in Sep. 2024 was $24.44 Mil. Therefore, Addentax Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 0.95%.

Addentax Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Addentax Group'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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Addentax Group Effective Interest Rate on Debt % Chart

Addentax Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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0.35

0.17

0.08

12.37

19.18

Addentax Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															13.60	8.57	20.04	13.90	0.95

Competitive Comparison of Addentax Group's Effective Interest Rate on Debt %

For the Integrated Freight & Logistics subindustry, Addentax Group'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.

Addentax Group's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Addentax Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Addentax Group Effective Interest Rate on Debt % Calculation

Addentax Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -3.653	/	( (14.014	+	24.069)	/ 2 )
=	-1 * -3.653	/	19.0415
=	19.18 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.365	+	2.649
=	14.014

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.422	+	2.647
=	24.069

Addentax Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -0.232	/	( (24.734	+	24.152)	/ 2 )
=	-1 * -0.232	/	24.443
=	0.95 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22.035	+	2.699
=	24.734

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22.441	+	1.711
=	24.152

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

Addentax Group (NAS:ATXG) Effective Interest Rate on Debt % Explanation

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

Addentax Group Effective Interest Rate on Debt % Related Terms

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Addentax Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Addentax Group Corp (NAS:ATXG) » Definitions » Effective Interest Rate on Debt %

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Address

Kingkey 100, Block A, Room 4805, Luohu District, Shenzhen, CHN, 518000

Website

http://www.addentax.com

Addentax Group Corp is an investment holding company. The company through its operating subsidiaries functions in the following segments; Garment manufacturing; Logistics services; Property management and subleasing. It generates maximum revenue from the Logistics services segment which provides logistics services including storage, transportation, warehousing, handling, packaging, and order processing. It also provides customs declaration and tax clearance services to its customers who export goods overseas. Geographically, the company derives all of its revenue from China.