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Suzhou Secote Precision Electronic Co (SHSE:603283) Effective Interest Rate on Debt % : 2.52% (As of Mar. 2024)


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What is Suzhou Secote Precision Electronic 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. Suzhou Secote Precision Electronic Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥10 Mil. Suzhou Secote Precision Electronic Co's average total debt for the quarter that ended in Mar. 2024 was ¥399 Mil. Therefore, Suzhou Secote Precision Electronic Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.52%.


Suzhou Secote Precision Electronic Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Suzhou Secote Precision Electronic 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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Suzhou Secote Precision Electronic Co Effective Interest Rate on Debt % Chart

Suzhou Secote Precision Electronic 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 3.10 3.30 4.45 2.39 2.88

Suzhou Secote Precision Electronic Co 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 2.62 2.16 2.06 2.25 2.52

Competitive Comparison of Suzhou Secote Precision Electronic Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Suzhou Secote Precision Electronic 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.


Suzhou Secote Precision Electronic Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Suzhou Secote Precision Electronic Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Suzhou Secote Precision Electronic Co's Effective Interest Rate on Debt % falls into.



Suzhou Secote Precision Electronic Co Effective Interest Rate on Debt % Calculation

Suzhou Secote Precision Electronic 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  *  -20.636/( (1045.911+388.465)/ 2 )
=-1  *  -20.636/717.188
=2.88 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=271.1 + 774.811
=1045.911

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=112.176 + 276.289
=388.465

Suzhou Secote Precision Electronic Co'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  *  -10.068/( (388.465+409.354)/ 2 )
=-1  *  -10.068/398.9095
=2.52 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=112.176 + 276.289
=388.465

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=111.466 + 297.888
=409.354

* 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.


Suzhou Secote Precision Electronic Co  (SHSE:603283) Effective Interest Rate on Debt % Explanation

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


Suzhou Secote Precision Electronic Co Effective Interest Rate on Debt % Related Terms

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Suzhou Secote Precision Electronic Co (SHSE:603283) Business Description

Traded in Other Exchanges
N/A
Address
No.4 South Dongwu Road, Wuzhong, Suzhou, CHN, 215168
Suzhou Secote Precision Electronic Co Ltd is engaged in the provision of automation solutions. Secote offers technical consultancy, feasibility studies, data experimentation, system design, programming, system integration, installation and tuning, and other services. The company also provides measurement and detection equipment and fixtures. Secote's products are widely used in the consumer electronics, automotive, medical, household appliance, apparel and personal care, food service, and cosmetics industries.
Executives
Yang Wei Director
Director
Chen Xiang Bing Director
Li San Bao Director
Zhao Jian Hua Directors, senior managers
Huang Yuan Yuan senior management
Wang Yong Director
Sun Feng Directors, senior managers
Bie Yuan Feng Supervisors
Sun Quan Supervisors
Lou Hong Wei Director
Liu Yan Wei senior management
Ceng Hui Director
Fu Kai Qiang Director
Liu Hong Ning senior management

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