Shenzhen Suntang Digital Technology Co (BJSE:839680) Effective Interest Rate on Debt % : 4.82% (As of Sep. 2024)

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What is Shenzhen Suntang Digital Technology 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. Shenzhen Suntang Digital Technology Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ¥4.7 Mil. Shenzhen Suntang Digital Technology Co's average total debt for the quarter that ended in Sep. 2024 was ¥97.5 Mil. Therefore, Shenzhen Suntang Digital Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 4.82%.

Shenzhen Suntang Digital Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shenzhen Suntang Digital 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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Shenzhen Suntang Digital Technology Co Effective Interest Rate on Debt % Chart

Shenzhen Suntang Digital Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.98

1.37

0.15

4.03

0.59

Shenzhen Suntang Digital Technology Co Quarterly Data
	Jun19	Dec19	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															5.28	-11.44	3.62	3.80	4.82

Competitive Comparison of Shenzhen Suntang Digital Technology Co's Effective Interest Rate on Debt %

For the Software - Application subindustry, Shenzhen Suntang Digital 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.

Shenzhen Suntang Digital Technology Co's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Shenzhen Suntang Digital Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Shenzhen Suntang Digital Technology Co Effective Interest Rate on Debt % Calculation

Shenzhen Suntang Digital Technology 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 * -0.581	/	( (107.149	+	89.87)	/ 2 )
=	-1 * -0.581	/	98.5095
=	0.59 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.548	+	97.601
=	107.149

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.988	+	82.882
=	89.87

Shenzhen Suntang Digital Technology Co'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 * -4.696	/	( (88.487	+	106.477)	/ 2 )
=	-1 * -4.696	/	97.482
=	4.82 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.612	+	82.875
=	88.487

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.852	+	101.625
=	106.477

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.

Shenzhen Suntang Digital Technology Co (BJSE:839680) Effective Interest Rate on Debt % Explanation

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

Shenzhen Suntang Digital Technology Co Effective Interest Rate on Debt % Related Terms

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Shenzhen Suntang Digital Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Suntang Digital Technology Co Ltd (BJSE:839680) » Definitions » Effective Interest Rate on Debt %

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Address

No. 5, Songpingshan Road, 4th Floor, Main Building, Jiada R&D Building, Science and Technology Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.suntang.com

Shenzhen Suntang Digital Technology Co Ltd is involved in the research, development, and sales of data acquisition and analysis software products. The company focuses on the big data digital governance industry in the fields of public security, military industry, BIM+GIS, etc. It has developed a series of products covering data collection, data governance, data analysis, and data visualization such as Smart Security Community.

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