GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Qingdao Topscomm Communication Inc (SHSE:603421) » Definitions » Effective Interest Rate on Debt %

Qingdao Topscomm Communication (SHSE:603421) Effective Interest Rate on Debt % : 4.21% (As of Sep. 2023)


View and export this data going back to 2016. Start your Free Trial

What is Qingdao Topscomm Communication 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. Qingdao Topscomm Communication's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ¥36 Mil. Qingdao Topscomm Communication's average total debt for the quarter that ended in Sep. 2023 was ¥849 Mil. Therefore, Qingdao Topscomm Communication's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 4.21%.


Qingdao Topscomm Communication Effective Interest Rate on Debt % Historical Data

The historical data trend for Qingdao Topscomm Communication'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.

Qingdao Topscomm Communication Effective Interest Rate on Debt % Chart

Qingdao Topscomm Communication Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.93 -3.12 2.44 20.21 6.13

Qingdao Topscomm Communication Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 6.53 2.94 3.81 4.54 4.21

Competitive Comparison of Qingdao Topscomm Communication's Effective Interest Rate on Debt %

For the Scientific & Technical Instruments subindustry, Qingdao Topscomm Communication'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.


Qingdao Topscomm Communication's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Qingdao Topscomm Communication's Effective Interest Rate on Debt % distribution charts can be found below:

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



Qingdao Topscomm Communication Effective Interest Rate on Debt % Calculation

Qingdao Topscomm Communication's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -18.825/( (62.615+551.634)/ 2 )
=-1  *  -18.825/307.1245
=6.13 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=39.743 + 22.872
=62.615

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=416.152 + 135.482
=551.634

Qingdao Topscomm Communication's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -35.764/( (902.403+794.855)/ 2 )
=-1  *  -35.764/848.629
=4.21 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=774.679 + 127.724
=902.403

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=772.526 + 22.329
=794.855

* 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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Qingdao Topscomm Communication  (SHSE:603421) Effective Interest Rate on Debt % Explanation

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


Qingdao Topscomm Communication Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Qingdao Topscomm Communication's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Qingdao Topscomm Communication (SHSE:603421) Business Description

Traded in Other Exchanges
N/A
Address
No. 288 Ningxia Road, 5th Floor, No. 6 Building, Qingdao Software Park, Shinan District, Qingdao City, CHN, 266024
Qingdao Topscomm Communication Inc designs, researches and develops, manufactures, and sells smart products for electric power and fire protection in China. It also engages in the research and development of power line carrier communication chips and fieldbus communication chips. Its products include smart energy meters, such as smart prepayment and advanced metering infrastructure (AMI), power line carrier communication system; chips; terminal collecting device such as concentrator and state grid concentrator; and intelligent indoor terminal. It also provides AMI, prepayment vending, water/gas/heat and electricity meter AMR/AMI, distribution automation and management, and low and medium voltage PLC communication solutions.

Qingdao Topscomm Communication (SHSE:603421) Headlines

No Headlines