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ISPR (Ispire Technology) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2024)


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What is Ispire 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. Ispire Technology's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $0.0 Mil. Ispire Technology's average total debt for the quarter that ended in Dec. 2024 was $3.0 Mil. Therefore, Ispire Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 0.00%.


Ispire Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Ispire 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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Ispire Technology Effective Interest Rate on Debt % Chart

Ispire Technology Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Effective Interest Rate on Debt %
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Ispire Technology Quarterly Data
Jun21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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Competitive Comparison of Ispire Technology's Effective Interest Rate on Debt %

For the Tobacco subindustry, Ispire 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.


Ispire Technology's Effective Interest Rate on Debt % Distribution in the Tobacco Products Industry

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

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


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Ispire Technology Effective Interest Rate on Debt % Calculation

Ispire Technology's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2023 )+Total Debt  (A: Jun. 2024 ))/ count )
=-1  *  0/( (3.908+3.402)/ 2 )
=-1  *  0/3.655
=0.00 %

where

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.071 + 0.837
=3.908

Total Debt  (A: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.194 + 1.208
=3.402

Ispire Technology'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: Sep. 2024 )+Total Debt  (Q: Dec. 2024 ))/ count )
=-1  *  0/( (3.111+2.818)/ 2 )
=-1  *  0/2.9645
=0.00 %

where

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.87 + 1.241
=3.111

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.573 + 1.245
=2.818

* 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.

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


Ispire Technology  (NAS:ISPR) Effective Interest Rate on Debt % Explanation

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


Ispire Technology Effective Interest Rate on Debt % Related Terms

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Ispire Technology Business Description

Traded in Other Exchanges
N/A
Address
19700 Magellan Drive, Los Angeles, CA, USA, 90502
Ispire Technology Inc is engaged in the research and development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products. The company sells its cannabis vaping in the United States, Europe, Canada, and South Africa.
Executives
Daniel J. Machock officer: Chief Financial Officer 19700 MAGELLAN DRIVE, LOS ANGELESC CA 90502
Christopher Robert Burch director 19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Jeffrey Doiron officer: Chief Revenue Officer 3606 W MAGNOLIA BLVD, BURBANK CA 91505
John Fargis director 2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Joel Paritz director 204 MAIN STREET, FORT LEE NJ 07024
Lauren Stower officer: Chief Impact Officer 19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Brent Cox director 19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Ted Rouhani officer: Chief Operating Officer 19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Michael Xue Wang officer: CHIEF FINANCIAL OFFICER 19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Tuanfang Liu director, 10 percent owner, officer: CEO and Chairman 19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Jiangyan Zhu director 19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Pride Worldwide Investment Ltd 10 percent owner 14 JIANAN ROAD, TANGWEI FUYONG TOWN GUANGDONG PROVINCE, SHENZHEN F4 000000