CDBT (China Dasheng Biotechnology Co) Effective Interest Rate on Debt % : 34.99% (As of Jun. 2023)

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What is China Dasheng Biotechnology 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. China Dasheng Biotechnology Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $0.36 Mil. China Dasheng Biotechnology Co's average total debt for the quarter that ended in Jun. 2023 was $1.03 Mil. Therefore, China Dasheng Biotechnology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 34.99%.

China Dasheng Biotechnology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for China Dasheng Biotechnology 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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China Dasheng Biotechnology Co Effective Interest Rate on Debt % Chart

China Dasheng Biotechnology Co Annual Data

Trend

Oct06

Oct07

Jun08

Jun22

Jun23

Effective Interest Rate on Debt %

34.99

China Dasheng Biotechnology Co Semi-Annual Data
	Oct06	Oct07	Jun22	Jun23
Effective Interest Rate on Debt %	-	-	-	34.99

Competitive Comparison of China Dasheng Biotechnology Co's Effective Interest Rate on Debt %

For the Shell Companies subindustry, China Dasheng Biotechnology 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.

China Dasheng Biotechnology Co's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, China Dasheng Biotechnology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Dasheng Biotechnology Co's Effective Interest Rate on Debt % falls into.

China Dasheng Biotechnology Co Effective Interest Rate on Debt % Calculation

China Dasheng Biotechnology Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.36	/	( (0	+	1.029)	/ 1 )
=	-1 * -0.36	/	1.029
=	34.99 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.029
=	1.029

China Dasheng Biotechnology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -0.36	/	( (0	+	1.029)	/ 1 )
=	-1 * -0.36	/	1.029
=	34.99 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.029
=	1.029

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 one times the annual (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

China Dasheng Biotechnology Co (OTCPK:CDBT) Effective Interest Rate on Debt % Explanation

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

China Dasheng Biotechnology Co Effective Interest Rate on Debt % Related Terms

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