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Hefei Taihe Intelligent Technology Group Co (SHSE:603656) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Hefei Taihe Intelligent Technology Group 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. Hefei Taihe Intelligent Technology Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Hefei Taihe Intelligent Technology Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Therefore, Hefei Taihe Intelligent Technology Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was N/A%.


Hefei Taihe Intelligent Technology Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hefei Taihe Intelligent Technology Group 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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Hefei Taihe Intelligent Technology Group Co Effective Interest Rate on Debt % Chart

Hefei Taihe Intelligent Technology Group 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 - - - 3.57 153.57

Hefei Taihe Intelligent Technology Group 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 1,163.45 - 4.04 - -

Competitive Comparison of Hefei Taihe Intelligent Technology Group Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Hefei Taihe Intelligent Technology Group 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.


Hefei Taihe Intelligent Technology Group Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hefei Taihe Intelligent Technology Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hefei Taihe Intelligent Technology Group Co's Effective Interest Rate on Debt % falls into.



Hefei Taihe Intelligent Technology Group Co Effective Interest Rate on Debt % Calculation

Hefei Taihe Intelligent Technology Group 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  *  -0.301/( (0.196+0)/ 1 )
=-1  *  -0.301/0.196
=153.57 %

where

Hefei Taihe Intelligent Technology Group 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  *  0/( (0+0)/ 1 )
=-1  *  0/0
=N/A %

where

* 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.


Hefei Taihe Intelligent Technology Group Co  (SHSE:603656) Effective Interest Rate on Debt % Explanation

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


Hefei Taihe Intelligent Technology Group Co Effective Interest Rate on Debt % Related Terms

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Hefei Taihe Intelligent Technology Group Co (SHSE:603656) Business Description

Traded in Other Exchanges
N/A
Address
Intersection of Yulan Avenue and Fangxing Avenue, Taohua Industrial Park Development Area, Hefei Economic and Technological Development Zon, Anhui, CHN, 230601
Hefei Taihe Intelligent Technology Group Co Ltd, formerly Hefei Taihe Optoelectronic Technology Co Ltd is engaged in the research and development, production, marketing, installation and technical service of artificial intelligence, control technology, and robot system. Its products include rice color machine, miscellaneous grains coloring machine, industrial color machine, tea color machine, crawler type coloring machine, wheat color machine, corn color machine, peanut color machine and customized product.
Executives
Huang Hui Li Directors, senior managers
Wang Jin Cheng Director
Zhu Yan Cheng Supervisors
Jia Ren Yao Supervisors
Zhang Jie senior management
Wang Zhong Jun senior management
Yan Tian Xin Director
Tang Lin Director
Xu Meng Sheng senior management
Feng Wei Jin Supervisors
Wang Cheng Ying Supervisors
Xu Da Hong Director

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