FDG Electric Vehicles (FDG Electric Vehicles) Effective Interest Rate on Debt % : 9.62% (As of Sep. 2019)

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What is FDG Electric Vehicles 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. FDG Electric Vehicles's annualized positive value of Interest Expense for the quarter that ended in Sep. 2019 was $50.99 Mil. FDG Electric Vehicles's average total debt for the quarter that ended in Sep. 2019 was $530.17 Mil. Therefore, FDG Electric Vehicles's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 was 9.62%.

FDG Electric Vehicles Effective Interest Rate on Debt % Historical Data

The historical data trend for FDG Electric Vehicles'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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FDG Electric Vehicles Effective Interest Rate on Debt % Chart

FDG Electric Vehicles Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Effective Interest Rate on Debt %

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5.67

10.33

9.05

7.95

7.83

FDG Electric Vehicles Semi-Annual Data
	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.19	7.50	7.27	8.66	9.62

Competitive Comparison of FDG Electric Vehicles's Effective Interest Rate on Debt %

For the Auto Parts subindustry, FDG Electric Vehicles'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.

FDG Electric Vehicles's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, FDG Electric Vehicles's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where FDG Electric Vehicles's Effective Interest Rate on Debt % falls into.

FDG Electric Vehicles Effective Interest Rate on Debt % Calculation

FDG Electric Vehicles's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2018 )	+	Total Debt (A: Mar. 2019 ))	/ count )
=	-1 * -45.026	/	( (619.504	+	531.185)	/ 2 )
=	-1 * -45.026	/	575.3445
=	7.83 %

where

	Total Debt (A: Mar. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	384.633	+	234.871
=	619.504

	Total Debt (A: Mar. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	319.51	+	211.675
=	531.185

FDG Electric Vehicles's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2019 )	+	Total Debt (Q: Sep. 2019 ))	/ count )
=	-1 * -50.992	/	( (531.185	+	529.162)	/ 2 )
=	-1 * -50.992	/	530.1735
=	9.62 %

where

	Total Debt (Q: Mar. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	319.51	+	211.675
=	531.185

	Total Debt (Q: Sep. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	274.335	+	254.827
=	529.162

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. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

FDG Electric Vehicles (OTCPK:CAOHF) Effective Interest Rate on Debt % Explanation

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

FDG Electric Vehicles Effective Interest Rate on Debt % Related Terms

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FDG Electric Vehicles (FDG Electric Vehicles) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » FDG Electric Vehicles Ltd (OTCPK:CAOHF) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Rooms 3001-3005, 30th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.fdgev.com

FDG Electric Vehicles Ltd is a Hong Kong-based investment holding company principally engaged in the production and distribution of new energy electric vehicles and their core components. The group is principally engaged in research and development, production and sale of lithium-ion batteries and related products. In addition, it is also engaged in vehicle design, manufacture and sale of electric vehicles, leasing of electric vehicles. The company derives the majority of its revenue from selling lithium-ion batteries in China.

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