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Scientific Energy (Scientific Energy) Effective Interest Rate on Debt % : 4.07% (As of Mar. 2024)


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What is Scientific Energy 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. Scientific Energy's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.10 Mil. Scientific Energy's average total debt for the quarter that ended in Mar. 2024 was $2.46 Mil. Therefore, Scientific Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.07%.


Scientific Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Scientific Energy'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.

* Premium members only.

Scientific Energy Effective Interest Rate on Debt % Chart

Scientific Energy 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 4.75 4.21 3.02 2.29 4.50

Scientific Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.98 2.13 2.99 13.15 4.07

Competitive Comparison of Scientific Energy's Effective Interest Rate on Debt %

For the Internet Content & Information subindustry, Scientific Energy'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.


Scientific Energy's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Scientific Energy's Effective Interest Rate on Debt % distribution charts can be found below:

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



Scientific Energy Effective Interest Rate on Debt % Calculation

Scientific Energy'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  *  -0.104/( (2.125+2.495)/ 2 )
=-1  *  -0.104/2.31
=4.50 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.885 + 1.24
=2.125

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.067 + 2.428
=2.495

Scientific Energy'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  *  -0.1/( (2.495+2.422)/ 2 )
=-1  *  -0.1/2.4585
=4.07 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.067 + 2.428
=2.495

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.072 + 2.35
=2.422

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


Scientific Energy  (OTCPK:SCGY) Effective Interest Rate on Debt % Explanation

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


Scientific Energy Effective Interest Rate on Debt % Related Terms

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Scientific Energy (Scientific Energy) Business Description

Traded in Other Exchanges
N/A
Address
105 Xian Xinghai Great Road, Room K, 9F, Golden Dragon Centre, Macau, CHN
Scientific Energy Inc involves in the e-commerce industry. It is a firm principally engaged in developing a website (Makeliving) for providing an e-commerce platform provisioning exchange of goods and services along with its subsidiary. Makeliving is intended to act both as a platform and as a conduit between individuals or companies who desire to acquire goods and services to individuals or companies who desire to offer goods and services.
Executives
Haitao Jiang 10 percent owner RUA DE MADRID, NO.21, WAN YU VILLAS, 9J, MACAU N5 999078
Aspect Group Ltd 10 percent owner HY DIAMOND EXCHANGE BLDG, SUITE A, 7TH FLOOR, HONG KONG XX CHINA
Liang Huang 10 percent owner NO. 43 KUIHUALI, APT. 502, ZHUHUI DISTRICT, HENGYANG, HUNAN PROVINCE F4 421002
Chan Stanley P.c. 10 percent owner C/O 475 EAST 70TH STREET, #7C, NEW YORK NY 10021
Dale C Gledhill director 630 NORTH 400 WEST, SALT LAKE CITY UT 84103
Todd B Crosland director, 10 percent owner, officer: President 630 NORTH 400 WEST, SALT LAKE CITY UT 84103
Mark Clawson director 630 N. 400 WEST, SALT LAKE CITY UT 84103
Jana K Meyer director, officer: Secretary 630 N. 400 WEST, SALT LAKE CITY UT 84103

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