Sinosoft Technology Group (HKSE:01297) Effective Interest Rate on Debt % : 3.03% (As of Jun. 2023)

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What is Sinosoft Technology Group 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. Sinosoft Technology Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was HK$2.3 Mil. Sinosoft Technology Group's average total debt for the quarter that ended in Jun. 2023 was HK$76.7 Mil. Therefore, Sinosoft Technology Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 3.03%.

Sinosoft Technology Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Sinosoft Technology 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.

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Sinosoft Technology Group Effective Interest Rate on Debt % Chart

Sinosoft Technology Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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4.97

2.72

4.13

4.29

3.66

Sinosoft Technology Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.98	2.74	8.14	2.72	3.03

Competitive Comparison of Sinosoft Technology Group's Effective Interest Rate on Debt %

For the Software - Application subindustry, Sinosoft Technology 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.

Sinosoft Technology Group's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Sinosoft Technology Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sinosoft Technology Group's Effective Interest Rate on Debt % falls into.

Sinosoft Technology Group Effective Interest Rate on Debt % Calculation

Sinosoft Technology Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -1.47	/	( (24.489	+	55.836)	/ 2 )
=	-1 * -1.47	/	40.1625
=	3.66 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	24.489
=	24.489

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	55.836
=	55.836

Sinosoft Technology Group'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: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -2.328	/	( (55.836	+	97.651)	/ 2 )
=	-1 * -2.328	/	76.7435
=	3.03 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	55.836
=	55.836

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	97.651
=	97.651

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

Sinosoft Technology Group (HKSE:01297) Effective Interest Rate on Debt % Explanation

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

Sinosoft Technology Group Effective Interest Rate on Debt % Related Terms

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Sinosoft Technology Group (HKSE:01297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinosoft Technology Group Ltd (HKSE:01297) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Tianpu Road, Jiangpu Street, Pukou District, Jiangsu, Nanjing City, CHN

Website

https://www.sinosoft-technology.com

Sinosoft Technology Group Ltd is a Hong Kong-based provider of application software products and solutions. The firm's operations are organized in two segments: Government big data software and related services, Low carbon & ecology software and related services.

Executives

Xin Yingmei	2201 Interest of corporation controlled by you
Long Capital International Limited	2101 Beneficial owner
Telewise Group Limited	2101 Beneficial owner

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