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AZI (Autozi Internet Technology (Global)) Effective Interest Rate on Debt % : 22.69% (As of Sep. 2024)


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What is Autozi Internet Technology (Global) 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. Autozi Internet Technology (Global)'s annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $2.7 Mil. Autozi Internet Technology (Global)'s average total debt for the quarter that ended in Sep. 2024 was $12.1 Mil. Therefore, Autozi Internet Technology (Global)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 22.69%.


Autozi Internet Technology (Global) Effective Interest Rate on Debt % Historical Data

The historical data trend for Autozi Internet Technology (Global)'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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Autozi Internet Technology (Global) Effective Interest Rate on Debt % Chart

Autozi Internet Technology (Global) Annual Data
Trend Sep21 Sep22 Sep23 Sep24
Effective Interest Rate on Debt %
13.62 12.61 15.63 20.69

Autozi Internet Technology (Global) Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Effective Interest Rate on Debt % Get a 7-Day Free Trial 11.85 11.90 19.41 22.80 22.69

Competitive Comparison of Autozi Internet Technology (Global)'s Effective Interest Rate on Debt %

For the Auto & Truck Dealerships subindustry, Autozi Internet Technology (Global)'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.


Autozi Internet Technology (Global)'s Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Autozi Internet Technology (Global)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Autozi Internet Technology (Global)'s Effective Interest Rate on Debt % falls into.


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Autozi Internet Technology (Global) Effective Interest Rate on Debt % Calculation

Autozi Internet Technology (Global)'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2023 )+Total Debt  (A: Sep. 2024 ))/ count )
=-1  *  -2.707/( (12.663+13.499)/ 2 )
=-1  *  -2.707/13.081
=20.69 %

where

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.017 + 12.646
=12.663

Total Debt  (A: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.042 + 13.457
=13.499

Autozi Internet Technology (Global)'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: Mar. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -2.748/( (10.725+13.499)/ 2 )
=-1  *  -2.748/12.112
=22.69 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.151 + 10.574
=10.725

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.042 + 13.457
=13.499

* 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 two times the semi-annual (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Autozi Internet Technology (Global)  (NAS:AZI) Effective Interest Rate on Debt % Explanation

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


Autozi Internet Technology (Global) Effective Interest Rate on Debt % Related Terms

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Autozi Internet Technology (Global) Business Description

Traded in Other Exchanges
N/A
Address
Yongtaizhuang North Road, Intelligence Park No. 26, Building B09, Haidian District, Beijing, CHN
Autozi Internet Technology (Global) Ltd provides high-quality, affordable, and professional one-stop automotive products and services through online and offline channels in China. Leveraging its online supply chain cloud platform, SaaS platforms, and the network of MBS stores, It has established an ecosystem of lifecycle automotive services by connecting automotive manufacturers, auto parts manufacturers, and insurance companies with MBS stores and various automotive owners. Its business segments include new car sales, auto parts and auto accessories sales, and automotive insurance-related services. The majority of revenue is from the new car sales segment, and auto parts & auto accessories sales.