FIH Mobile (FIH Mobile) Effective Interest Rate on Debt % : 10.41% (As of Dec. 2023)

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What is FIH Mobile 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. FIH Mobile's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $74 Mil. FIH Mobile's average total debt for the quarter that ended in Dec. 2023 was $712 Mil. Therefore, FIH Mobile's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.41%.

FIH Mobile Effective Interest Rate on Debt % Historical Data

The historical data trend for FIH Mobile'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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FIH Mobile Effective Interest Rate on Debt % Chart

FIH Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.65

1.54

0.97

3.79

8.74

FIH Mobile Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.05	1.49	5.12	6.75	10.41

Competitive Comparison of FIH Mobile's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, FIH Mobile'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.

FIH Mobile's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, FIH Mobile's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where FIH Mobile's Effective Interest Rate on Debt % falls into.

FIH Mobile Effective Interest Rate on Debt % Calculation

FIH Mobile'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 * -60.6	/	( (679.815	+	707.655)	/ 2 )
=	-1 * -60.6	/	693.735
=	8.74 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.263	+	677.552
=	679.815

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.744	+	704.911
=	707.655

FIH Mobile'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -74.098	/	( (715.993	+	707.655)	/ 2 )
=	-1 * -74.098	/	711.824
=	10.41 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.659	+	712.334
=	715.993

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.744	+	704.911
=	707.655

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

FIH Mobile (OTCPK:FXCNF) Effective Interest Rate on Debt % Explanation

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

FIH Mobile Effective Interest Rate on Debt % Related Terms

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FIH Mobile (FIH Mobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FIH Mobile Ltd (OTCPK:FXCNF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

FXCNY:USA 02038:Hong Kong FW3:Germany

Address

No.4 Minsheng Street, Tucheng District, New Taipei City, TWN, 236

Website

https://www.fihmb.com

FIH Mobile Ltd is a provider of manufacturing services to the handset and wireless communications industry. The firm's services include product development and design, manufacturing and assembly, and after-sale maintenance and repairs. A majority of the firm's revenue is generated in Asia, with the rest coming from Europe and America region.

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