Neusoft (SHSE:600718) Effective Interest Rate on Debt % : 2.85% (As of Mar. 2024)

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What is Neusoft 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. Neusoft's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥32 Mil. Neusoft's average total debt for the quarter that ended in Mar. 2024 was ¥1,109 Mil. Therefore, Neusoft's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.85%.

Neusoft Effective Interest Rate on Debt % Historical Data

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

Neusoft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.04

3.50

3.41

3.10

2.50

Neusoft 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															2.70	2.98	2.92	2.16	2.85

Competitive Comparison of Neusoft's Effective Interest Rate on Debt %

For the Software - Application subindustry, Neusoft'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.

Neusoft's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Neusoft's Effective Interest Rate on Debt % distribution charts can be found below:

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

Neusoft Effective Interest Rate on Debt % Calculation

Neusoft'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 * -27.867	/	( (1116.441	+	1111.408)	/ 2 )
=	-1 * -27.867	/	1113.9245
=	2.50 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	788.289	+	328.152
=	1116.441

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41.761	+	1069.647
=	1111.408

Neusoft'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 * -31.544	/	( (1111.408	+	1106.004)	/ 2 )
=	-1 * -31.544	/	1108.706
=	2.85 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41.761	+	1069.647
=	1111.408

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.512	+	1067.492
=	1106.004

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.

Neusoft (SHSE:600718) Effective Interest Rate on Debt % Explanation

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

Neusoft Effective Interest Rate on Debt % Related Terms

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Neusoft (SHSE:600718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Neusoft Corp (SHSE:600718) » Definitions » Effective Interest Rate on Debt %

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Address

No. 2 Xinxiu Street, Dongda Software Park, Hunnan New District, Shenyang, Liaoning, CHN, 110179

Website

http://www.neusoft.com.cn

Neusoft Corp provides information technology solutions and services. The company focuses on software technology and provides industry solutions and product engineering solutions, related software products and platforms, and services. It serves the following industries - telecom, energy, finance, government, manufacturing, trade logistics, healthcare, education, transportation, mobile internet, media, and environmental protection. Neusoft offers services like - application development and maintenance, ERP implementation and consulting, testing, performance engineering, software localization and globalization, IT infrastructure, BPO, IT education and training.

Executives

Gai Long Jia	senior management
Wang Jing Xi	senior management
Zhang Xiao Ou	senior management
Wang Yong Feng	Directors, senior managers
Chen Xi Min	Directors, senior managers
Wang Nan	senior management
Xu Hong Li	senior management
Li Jun	senior management
Liu Ji Ren	Director
Diao Ai Li	Supervisors
Yang Wei	Supervisors
Lu Chao Xia	senior management
Zhang Xia	senior management
Jian Guo Dong	senior management
Ge Sheng Liu	Supervisors

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