Genes Tech Group Holdings Co (HKSE:08257) Effective Interest Rate on Debt % : 2.91% (As of Dec. 2023)

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What is Genes Tech Group Holdings 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. Genes Tech Group Holdings Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$4.6 Mil. Genes Tech Group Holdings Co's average total debt for the quarter that ended in Dec. 2023 was HK$158.8 Mil. Therefore, Genes Tech Group Holdings Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.91%.

Genes Tech Group Holdings Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Genes Tech Group Holdings 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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Genes Tech Group Holdings Co Effective Interest Rate on Debt % Chart

Genes Tech Group Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.41

1.91

1.77

2.10

2.95

Genes Tech Group Holdings Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.62	2.94	3.02	2.80	2.91

Competitive Comparison of Genes Tech Group Holdings Co's Effective Interest Rate on Debt %

For the Semiconductor Equipment & Materials subindustry, Genes Tech Group Holdings 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.

Genes Tech Group Holdings Co's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Genes Tech Group Holdings Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Genes Tech Group Holdings Co Effective Interest Rate on Debt % Calculation

Genes Tech Group Holdings 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 * -4.896	/	( (173.38	+	158.831)	/ 2 )
=	-1 * -4.896	/	166.1055
=	2.95 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	55.528	+	117.852
=	173.38

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45.241	+	113.59
=	158.831

Genes Tech Group Holdings 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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -4.616	/	( (0	+	158.831)	/ 1 )
=	-1 * -4.616	/	158.831
=	2.91 %

where

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

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45.241	+	113.59
=	158.831

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

Genes Tech Group Holdings Co (HKSE:08257) Effective Interest Rate on Debt % Explanation

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

Genes Tech Group Holdings Co Effective Interest Rate on Debt % Related Terms

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Genes Tech Group Holdings Co (HKSE:08257) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Genes Tech Group Holdings Co Ltd (HKSE:08257) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

No. 80, Baotai 3rd Road, Hsinchu County, Zhubei City, TWN, 30244

Website

http://www.genestech.com

Genes Tech Group Holdings Co Ltd is engaged in the business of Provision of turnkey solution and Trading of used semiconductor manufacturing equipment and parts. It generates prime revenue from the Provision of turnkey solution segment. The company offers turnkey solution of used SME and Parts to customers who need to alter and upgrade the semiconductors of production systems from time to time. The SME and parts supplied by the group include furnaces, clean tracks, and other related items, which are used at the front-end of the semiconductor manufacturing process, wafer fabrication, such as deposition, photoresist coating, and development. It has a business presence in Taiwan, the PRC, Singapore, the United States, Japan and other countries.

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