Longwen Group (Longwen Group) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is Longwen Group 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. Longwen Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Longwen Group's average total debt for the quarter that ended in Mar. 2024 was $0.17 Mil. Therefore, Longwen Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Longwen Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Longwen Group'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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Longwen Group Effective Interest Rate on Debt % Chart

Longwen Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.33

1.74

Longwen Group Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Longwen Group's Effective Interest Rate on Debt %

For the Consulting Services subindustry, Longwen Group'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.

Longwen Group's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Longwen Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Longwen Group Effective Interest Rate on Debt % Calculation

Longwen Group'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 * 0	/	( (0.103	+	0.283)	/ 2 )
=	-1 * 0	/	0.193
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.103
=	0.103

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.283
=	0.283

Longwen Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * 0	/	( (0.283	+	0.061)	/ 2 )
=	-1 * 0	/	0.172
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.283
=	0.283

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.061
=	0.061

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

Longwen Group (OTCPK:LWLW) Effective Interest Rate on Debt % Explanation

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

Longwen Group Effective Interest Rate on Debt % Related Terms

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Longwen Group (Longwen Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Longwen Group Corp (OTCPK:LWLW) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

Room 219, No. 25, Caihe Road, Shangcheng District, Zhejiang Province, Hangzhou, CHN, 310002

Website

http://www.wallong.cn

Longwen Group Corp is engaged in project development and management and to provide consulting services in cultural fields, including antique project promotion and development, traditional magazine project cooperation and development, the marketing and development of audio and visual products, etc.

Executives

Douglas P Martin

10 percent owner

26 KING ST, ST PACOME, QUEBEC CANADA A1 9999999999

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