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iMotion Automotive Technology (Suzhou) Co (HKSE:01274) Effective Interest Rate on Debt % : 1.92% (As of Dec. 2023)


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What is iMotion Automotive Technology (Suzhou) 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. iMotion Automotive Technology (Suzhou) Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$2 Mil. iMotion Automotive Technology (Suzhou) Co's average total debt for the quarter that ended in Dec. 2023 was HK$127 Mil. Therefore, iMotion Automotive Technology (Suzhou) Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.92%.

iMotion Automotive Technology (Suzhou) Co Effective Interest Rate on Debt % Historical Data

The historical data trend for iMotion Automotive Technology (Suzhou) 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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iMotion Automotive Technology (Suzhou) Co Effective Interest Rate on Debt % Chart

iMotion Automotive Technology (Suzhou) Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
34.01 1,142.44 1.51 0.95

iMotion Automotive Technology (Suzhou) Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial - 1,133.14 -907.25 1.60 1.92

Competitive Comparison of iMotion Automotive Technology (Suzhou) Co's Effective Interest Rate on Debt %

For the Auto Parts subindustry, iMotion Automotive Technology (Suzhou) 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.

iMotion Automotive Technology (Suzhou) Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, iMotion Automotive Technology (Suzhou) Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where iMotion Automotive Technology (Suzhou) Co's Effective Interest Rate on Debt % falls into.


iMotion Automotive Technology (Suzhou) Co Effective Interest Rate on Debt % Calculation

iMotion Automotive Technology (Suzhou) 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  *  -1.472/( (60.209+249.474)/ 2 )
=-1  *  -1.472/154.8415
=0.95 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.755 + 58.454
=60.209

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=27.114 + 222.36
=249.474

iMotion Automotive Technology (Suzhou) Co'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  *  -2.434/( (3.588+249.474)/ 2 )
=-1  *  -2.434/126.531
=1.92 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.873 + 2.715
=3.588

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=27.114 + 222.36
=249.474

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

iMotion Automotive Technology (Suzhou) Co  (HKSE:01274) Effective Interest Rate on Debt % Explanation

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

iMotion Automotive Technology (Suzhou) Co Effective Interest Rate on Debt % Related Terms

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iMotion Automotive Technology (Suzhou) Co (HKSE:01274) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » iMotion Automotive Technology (Suzhou) Co Ltd (HKSE:01274) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
Traded in Other Exchanges
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Address
19/F and 20/F Building G2, 88 Jinji Lake Avenue, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN
Website
https://www.imotion.ai
iMotion Automotive Technology (Suzhou) Co Ltd is an autonomous driving solution provider in China with a focus on AD domain controllers. It offers a wide range of autonomous driving solutions and products and also provide OEMs with various AD domain control units. It has commercialized two AD domain controller product lines which support level 2 to level 2+ autonomous driving functions, covering a wide price range of passenger vehicles and all types of driving scenarios, including highways, ring roads, complex urban roads, country roads, and parking areas. In addition to SuperVisionTM, it also provide self-designed and self-developed iDC series which includes iDC Mid and iDC High.
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Jian Yin Ke Chuang Su Zhou Tou Dai Lian Dong Gu Quan Tou Zi Ji Jin You Xian He Huo 2101 Beneficial owner
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Jian Yin Guo Ji Zhong Guo You Xian Gong Si 2201 Interest of corporation controlled by you
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Song Yang 2101 Beneficial owner
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you

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