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Bowen Fintech (LSE:BWN) Effective Interest Rate on Debt % : 0.00% (As of Oct. 2023)


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What is Bowen Fintech 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. Bowen Fintech's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was £0.00 Mil. Bowen Fintech's average total debt for the quarter that ended in Oct. 2023 was £0.00 Mil. Therefore, Bowen Fintech's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was N/A%.

Bowen Fintech Effective Interest Rate on Debt % Historical Data

The historical data trend for Bowen Fintech'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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Bowen Fintech Effective Interest Rate on Debt % Chart

Bowen Fintech Annual Data
Trend Apr22 Apr23
Effective Interest Rate on Debt %
- -

Bowen Fintech Semi-Annual Data
Apr22 Oct22 Apr23 Oct23
Effective Interest Rate on Debt % - - - -

Competitive Comparison of Bowen Fintech's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Bowen Fintech'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.

Bowen Fintech's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Bowen Fintech's Effective Interest Rate on Debt % distribution charts can be found below:

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


Bowen Fintech Effective Interest Rate on Debt % Calculation

Bowen Fintech's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Apr. 2022 )+Total Debt  (A: Apr. 2023 ))/ count )
=-1  *  0/( (0.015+0)/ 1 )
=-1  *  0/0.015
=0.00 %

where

Total Debt  (A: Apr. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.015
=0.015

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

Bowen Fintech's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Apr. 2023 )+Total Debt  (Q: Oct. 2023 ))/ count )
=-1  *  0/( (0+0)/ 1 )
=-1  *  0/0
=N/A %

where

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

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

* 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 two times the semi-annual (Oct. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Bowen Fintech  (LSE:BWN) Effective Interest Rate on Debt % Explanation

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

Bowen Fintech Effective Interest Rate on Debt % Related Terms

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Bowen Fintech (LSE:BWN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bowen Fintech PLC (LSE:BWN) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
N/A
Address
C/o Ince Gordon Dadds LLP, 2 Leman Street, Aldgate Tower, London, GBR, E1 8QN
Website
https://www.ukbowen.com
Bowen Fintech PLC objective is to undertake an acquisition of a target company or asset in the technology innovations sector with a particular focus on the financial services industry.