Launch Tech Co (HKSE:02488) Effective Interest Rate on Debt % : 14.45% (As of Dec. 2024)

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What is Launch Tech 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. Launch Tech Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was HK$35 Mil. Launch Tech Co's average total debt for the quarter that ended in Dec. 2024 was HK$243 Mil. Therefore, Launch Tech Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 14.45%.

Launch Tech Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Launch Tech 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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Launch Tech Co Effective Interest Rate on Debt % Chart

Launch Tech Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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3.83

3.26

4.53

3.22

3.92

Launch Tech Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.64	0.89	7.55	-	14.45

Competitive Comparison of Launch Tech Co's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Launch Tech 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.

Launch Tech Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Launch Tech Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Launch Tech Co Effective Interest Rate on Debt % Calculation

Launch Tech Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -14.472	/	( (453.207	+	285.674)	/ 2 )
=	-1 * -14.472	/	369.4405
=	3.92 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	202.929	+	250.278
=	453.207

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	174.438	+	111.236
=	285.674

Launch Tech Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -35.122	/	( (200.326	+	285.674)	/ 2 )
=	-1 * -35.122	/	243
=	14.45 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.916	+	193.41
=	200.326

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	174.438	+	111.236
=	285.674

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

Launch Tech Co (HKSE:02488) Effective Interest Rate on Debt % Explanation

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

Launch Tech Co Effective Interest Rate on Debt % Related Terms

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Launch Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Launch Tech Co Ltd (HKSE:02488) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

LAN:Germany LAN:Germany

Address

Launch Industrial Park, North of Wuhe Road, Banxuegang, Longgang District, Shenzhen, CHN, 518129

Website

https://www.cnlaunch.com

Launch Tech Co Ltd principally engages in the provision of products and services serving the automotive aftermarket and the automobile industry mainly in the People's Republic of China and certain overseas countries. The company operates its business through three reportable segments. The Automotive Diagnosis segment generates the majority of the earnings for the company. It is involved in the research and development, production and sales of automotive diagnostic and inspection products. The Europe Overseas Sales segment covers development and maintenance of European distributors and customers. The U.S. Overseas Sales segment covers development and maintenance of distributors and customers in the Americas.

Executives

Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Cao Guanye	2101 Beneficial owner

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