Zoy Home Furnishing Co (SHSE:603709) Effective Interest Rate on Debt % : 0.54% (As of Mar. 2024)

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What is Zoy Home Furnishing 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. Zoy Home Furnishing Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥2 Mil. Zoy Home Furnishing Co's average total debt for the quarter that ended in Mar. 2024 was ¥309 Mil. Therefore, Zoy Home Furnishing Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.54%.

Zoy Home Furnishing Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zoy Home Furnishing 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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Zoy Home Furnishing Co Effective Interest Rate on Debt % Chart

Zoy Home Furnishing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.92

3.75

2.81

Zoy Home Furnishing 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															9.93	-	-	13.70	0.54

Competitive Comparison of Zoy Home Furnishing Co's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Zoy Home Furnishing 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.

Zoy Home Furnishing Co's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zoy Home Furnishing Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zoy Home Furnishing Co's Effective Interest Rate on Debt % falls into.

Zoy Home Furnishing Co Effective Interest Rate on Debt % Calculation

Zoy Home Furnishing 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 * -8.204	/	( (278.272	+	305.858)	/ 2 )
=	-1 * -8.204	/	292.065
=	2.81 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	187.653	+	90.619
=	278.272

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	188.367	+	117.491
=	305.858

Zoy Home Furnishing 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 * -1.664	/	( (305.858	+	312.794)	/ 2 )
=	-1 * -1.664	/	309.326
=	0.54 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	188.367	+	117.491
=	305.858

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	168.159	+	144.635
=	312.794

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.

Zoy Home Furnishing Co (SHSE:603709) Effective Interest Rate on Debt % Explanation

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

Zoy Home Furnishing Co Effective Interest Rate on Debt % Related Terms

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Zoy Home Furnishing Co (SHSE:603709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zoy Home Furnishing Co Ltd (SHSE:603709) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Tangpu Industrial Park, Anji County, Zhejiang Province, Huzhou, CHN, 313300

Website

http://www.zoy-living.com

Zoy Home Furnishing Co Ltd manufactures and markets furniture. The Company designs, produces, and sells ordinary and ergonomic sofas, and other related products. The company's products mainly include functional sofas, fixed sofas and single lounge chairs and others, such as manual function sofa, electric function sofa, armrest push back sofas, elderly chairs, household and commercial sofas and household and commercial single leisure chairs.

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