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Sunny Optical Technology (Group) Co (LTS:0Z4I) Effective Interest Rate on Debt % : 9.11% (As of Jun. 2024)


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What is Sunny Optical Technology (Group) 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. Sunny Optical Technology (Group) Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was HK$587 Mil. Sunny Optical Technology (Group) Co's average total debt for the quarter that ended in Jun. 2024 was HK$6,443 Mil. Therefore, Sunny Optical Technology (Group) Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 9.11%.

Sunny Optical Technology (Group) Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sunny Optical Technology (Group) 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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Sunny Optical Technology (Group) Co Effective Interest Rate on Debt % Chart

Sunny Optical Technology (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.51 4.17 3.80 4.42 7.27

Sunny Optical Technology (Group) Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.54 5.36 7.39 7.46 9.11

Competitive Comparison of Sunny Optical Technology (Group) Co's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Sunny Optical Technology (Group) 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.

Sunny Optical Technology (Group) Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sunny Optical Technology (Group) Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sunny Optical Technology (Group) Co's Effective Interest Rate on Debt % falls into.


Sunny Optical Technology (Group) Co Effective Interest Rate on Debt % Calculation

Sunny Optical Technology (Group) 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  *  -491.268/( (7188.716+6322.086)/ 2 )
=-1  *  -491.268/6755.401
=7.27 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=243.375 + 6945.341
=7188.716

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5518.311 + 803.775
=6322.086

Sunny Optical Technology (Group) Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -587.13/( (6322.086+6564.402)/ 2 )
=-1  *  -587.13/6443.244
=9.11 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5518.311 + 803.775
=6322.086

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5153.486 + 1410.916
=6564.402

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

Sunny Optical Technology (Group) Co  (LTS:0Z4I) Effective Interest Rate on Debt % Explanation

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

Sunny Optical Technology (Group) Co Effective Interest Rate on Debt % Related Terms

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Sunny Optical Technology (Group) Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sunny Optical Technology (Group) Co Ltd (LTS:0Z4I) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:00285 HKSE:06088 HKSE:01888 HKSE:01415 HKSE:01478 HKSE:00710 HKSE:00732 HKSE:00259 HKSE:02551 HKSE:00580 APH TPE:2317 TEL GLW SZSE:002475 TPE:2308 TSE:6981 TSE:6762 SZSE:000725 FLEX
Traded in Other Exchanges
SOTGY:USA SNPTF:USA 02382:Hong Kong SXC:Germany
Address
No. 66-68, Fengle Road, Zhejiang Province, Yuyao, CHN, 315400
Website
https://www.sunnyoptical.com
Headquartered in Yuyao, China, Sunny Optical is one of China's biggest handset camera modules maker and the world's largest handset lens sets manufacturer. Higher-margin lens sets are used on smartphones, vehicles, and augmented/virtual reality. Sunny Optical is a key beneficiary of the secular growth of extended-reality devices and vehicle camera demand, as advanced driver-assistance systems witness rising adoption among automakers. The firm also manufactures optical instruments, such as high-end microscopes and optical measuring instruments. The company employed over 29,524 people as of December 2023.

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