AI X Tech (HKSE:01490) Effective Interest Rate on Debt % : 4.91% (As of Jun. 2024)

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What is AI X Tech 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. AI X Tech's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was HK$0.3 Mil. AI X Tech's average total debt for the quarter that ended in Jun. 2024 was HK$5.6 Mil. Therefore, AI X Tech's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 4.91%.

AI X Tech Effective Interest Rate on Debt % Historical Data

The historical data trend for AI X Tech'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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AI X Tech Effective Interest Rate on Debt % Chart

AI X Tech Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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7.82

4.97

6.62

4.56

4.17

AI X Tech Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									8.38	4.98	5.12	4.91	3.81

Competitive Comparison of AI X Tech's Effective Interest Rate on Debt %

For the Advertising Agencies subindustry, AI X Tech'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.

AI X Tech's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, AI X Tech's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where AI X Tech's Effective Interest Rate on Debt % falls into.

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AI X Tech Effective Interest Rate on Debt % Calculation

AI X Tech'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 * -0.247	/	( (5.028	+	5.799)	/ 2 )
=	-1 * -0.247	/	5.4135
=	4.56 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.064	+	0.964
=	5.028

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.654	+	4.145
=	5.799

AI X Tech's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.276	/	( (5.799	+	5.435)	/ 2 )
=	-1 * -0.276	/	5.617
=	4.91 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.654	+	4.145
=	5.799

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.013	+	4.422
=	5.435

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

AI X Tech (HKSE:01490) Effective Interest Rate on Debt % Explanation

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

AI X Tech Effective Interest Rate on Debt % Related Terms

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AI X Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » AI X Tech Inc (HKSE:01490) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Jingshun Road, Block C, Shuguang Tower, Room 401, Chaoyang District, Beijing, CHN, 100028

Website

https://www.cheshi.com

AI X Tech Inc formerly Cheshi Technology Inc is an investment holding company that is engaged in the advertising service of automobiles in the People's Republic of China. It offers automobile content produced by an in-house content team and distributed across the group's proprietary. It operates in two segments: Online Advertising Services, which provides automobile-related advertising services, and publication of automobile-related articles and videos, both of which are published on the Group's online platform and Transaction Facilitation Services. Nearly all of its revenue comes from the Online Advertising segment. Geographically, it operates only in China.

Executives

Tct (bvi) Limited	2501 Other
The Core Trust Company Limited	2301 Trustee
Ma Yuanyuan	2202 Interest of your spouse
Xc Group Limited	2101 Beneficial owner
Xu Chong	2201 Interest of corporation controlled by you

AI X Tech Headlines

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