JH Educational Technology (HKSE:01935) Effective Interest Rate on Debt % : 8.04% (As of Dec. 2023)

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What is JH Educational Technology 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. JH Educational Technology's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$0.0 Mil. JH Educational Technology's average total debt for the quarter that ended in Dec. 2023 was HK$0.4 Mil. Therefore, JH Educational Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.04%.

JH Educational Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for JH Educational Technology'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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JH Educational Technology Effective Interest Rate on Debt % Chart

JH Educational Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.85

5.24

3.57

143.36

4.13

JH Educational Technology Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									7.98	0.09	4.53	5.35	8.04

Competitive Comparison of JH Educational Technology's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, JH Educational Technology'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.

JH Educational Technology's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, JH Educational Technology's Effective Interest Rate on Debt % distribution charts can be found below:

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

JH Educational Technology Effective Interest Rate on Debt % Calculation

JH Educational Technology'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 * -0.02	/	( (0.261	+	0.708)	/ 2 )
=	-1 * -0.02	/	0.4845
=	4.13 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.261
=	0.261

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.267	+	0.441
=	0.708

JH Educational Technology'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 * -0.03	/	( (0.038	+	0.708)	/ 2 )
=	-1 * -0.03	/	0.373
=	8.04 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.038
=	0.038

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.267	+	0.441
=	0.708

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.

JH Educational Technology (HKSE:01935) Effective Interest Rate on Debt % Explanation

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

JH Educational Technology Effective Interest Rate on Debt % Related Terms

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JH Educational Technology (HKSE:01935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » JH Educational Technology Inc (HKSE:01935) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 618, Liuweng Road, Liushi Town, Yueqing, CHN

Website

http://www.jheduchina.com

JH Educational Technology Inc is engaged in the provision of higher and secondary education services and related management services in the People's Republic of China (the PRC). In addition to offering higher education, it also provides education to high school students in Zhejiang province. It controls and operates three schools, namely Zhengzhou College of Economics and Business, Zhejiang Changzheng Vocational & Technical College, and Yueqing Jingyi Secondary School. Geographically company generates its revenue from China.

Executives

Feng’s Investment Holdings Limited	2101 Beneficial owner
Chen Ling Feng	2201 Interest of corporation controlled by you
Chen Shu	2201 Interest of corporation controlled by you
Chen Yu Cao	2201 Interest of corporation controlled by you
Nan Luo Qiu	2202 Interest of your spouse
Cao’s Investment Holdings Limited	2101 Beneficial owner
Chen Yu Dian	2202 Interest of your spouse
Chen Yu Chun	2201 Interest of corporation controlled by you
Zheng Sui Lan	2202 Interest of your spouse
Zhang Xu Li	2201 Interest of corporation controlled by you
Chun’s Investment Holdings Limited	2101 Beneficial owner
Zxl Investment Holdings Limited	2101 Beneficial owner
Lin Yun Ru	2202 Interest of your spouse
Shu’s Investment Holdings Limited	2101 Beneficial owner
Chen Yu Guo	2201 Interest of corporation controlled by you

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