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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. Future FinTech Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Future FinTech Group's average total debt for the quarter that ended in Dec. 2023 was $1.95 Mil. Therefore, Future FinTech Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.21%.
The historical data trend for Future FinTech 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.
Future FinTech Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 2.67 | 28.66 | 1.01 | - | 0.03 |
Future FinTech Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | -0.93 | 0.26 | - | - | 0.21 |
For the Software - Application subindustry, Future FinTech 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.
For the Software industry and Technology sector, Future FinTech Group's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Future FinTech Group's Effective Interest Rate on Debt % falls into.
Future FinTech Group'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 * -0.001 | / | ( (4.646 | + | 2.396) | / 2 ) |
= | -1 * -0.001 | / | 3.521 | |||
= | 0.03 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 0.761 | + | 3.885 |
= | 4.646 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 0.797 | + | 1.599 |
= | 2.396 |
Future FinTech Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: Sep. 2023 ) | + | Total Debt (Q: Dec. 2023 )) | / count ) |
= | -1 * -0.004 | / | ( (1.499 | + | 2.396) | / 2 ) |
= | -1 * -0.004 | / | 1.9475 | |||
= | 0.21 % |
where
Total Debt (Q: Sep. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 0.513 | + | 0.986 |
= | 1.499 |
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 0.797 | + | 1.599 |
= | 2.396 |
* 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 four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Future FinTech Group (NAS:FTFT) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Future FinTech Group's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ming Yi | officer: Chief Financial Officer | PUDONG BUILDING, 2ND FLOOR, JUILING AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000 |
Yang Liu | officer: Chief Operating Officer | 59 FREDERICKS ST, WEST ORANGE NJ 07052 |
Mingjie Zhao | director | 190-19 50TH AVE, FRESH MEADOWS NY 11365 |
Shanchun Huang | director, officer: Chief Executive Officer | PUDONG BUILDING, 2ND FLOOR,, JIULONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000 |
Hanjun Zheng | officer: Interim CFO | 23F, CHINA DEVELOPMENT BANK TOWER, NO. 2, GAOXIN 1ST ROAD, XI'AN F4 710075 |
Zhi Yan | director | ROOM 03-1102, FL 11, BLDG C,SOHO,SALITUN, WORKERS' STADIUM NORTH RD,CHAOYANG DIST, BEIJING F4 0000000000 |
Yiliang Li | director | NO. 1803, BUILDING B, GUOHONG MANSION, MUXIDI, XICHENG DISTRICT, BEIJING F4 10038 |
Hongke Xue | director, officer: Chief Executive Officer | 16F, CHINA DEVELOPMENT BANK TOWER, NO 2 GAOXIN 1ST RD, XI'AN F4 710075 |
V.x. Fortune Capital Ltd | 10 percent owner | P.O. BOX 957, OFFSHORE INCORPORATIONS CENTRE, ROAD TOWN, TORTOLA D8 00000 |
Skypeople International Holdings Group Ltd | 10 percent owner | P.O. BOX 2804, 4TH FLOOR, SCOTIA CENTRE, GEORGE TOWN E9 KY1-1112 |
Golden Dawn International Ltd | 10 percent owner | P.O. BOX 957, OFFSHORE INCORPORATIONS CENTRE, ROAD TOWN, TORTOLA D8 00000 |
Baosheng Lu | director | ROOM 501, BLOCK 3, BINGJIAO LANE, TIANSHUIJING ROAD, XI'AN, SHAANXI PROVINCE F4 710002 |
Tao Wang | director | 32/F, CHINA MERCHANTS TOWER, 118 JIAN GUO ROAD, CHAO YANG DISTRICT, BEIJING F4 100022 |
Yong Ke Xue | director, officer: Chief Executive Officer | 16 F, NATIONAL DEVELOPMENT BANK TOWER, GAOXIN 2ND ROAD, XI'AN F4 710075 |
John W. Smagula | director | 3036 FANSHAWE ST, PHILADELPHIA PA 19149 |
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