Fujian Foxit Software Development Joint Stock Co (SHSE:688095) Effective Interest Rate on Debt % : 2.10% (As of Mar. 2024)

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What is Fujian Foxit Software Development Joint Stock 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. Fujian Foxit Software Development Joint Stock Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥1.5 Mil. Fujian Foxit Software Development Joint Stock Co's average total debt for the quarter that ended in Mar. 2024 was ¥71.6 Mil. Therefore, Fujian Foxit Software Development Joint Stock Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.10%.

Fujian Foxit Software Development Joint Stock Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Fujian Foxit Software Development Joint Stock 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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Fujian Foxit Software Development Joint Stock Co Effective Interest Rate on Debt % Chart

Fujian Foxit Software Development Joint Stock Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.64

1.05

2.78

1.42

1.82

Fujian Foxit Software Development Joint Stock 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															1.47	1.56	1.47	2.43	2.10

Competitive Comparison of Fujian Foxit Software Development Joint Stock Co's Effective Interest Rate on Debt %

For the Software - Application subindustry, Fujian Foxit Software Development Joint Stock 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.

Fujian Foxit Software Development Joint Stock Co's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Fujian Foxit Software Development Joint Stock Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Fujian Foxit Software Development Joint Stock Co's Effective Interest Rate on Debt % falls into.

Fujian Foxit Software Development Joint Stock Co Effective Interest Rate on Debt % Calculation

Fujian Foxit Software Development Joint Stock 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 * -1.215	/	( (61.926	+	71.745)	/ 2 )
=	-1 * -1.215	/	66.8355
=	1.82 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.026	+	48.9
=	61.926

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.079	+	43.666
=	71.745

Fujian Foxit Software Development Joint Stock 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 * -1.504	/	( (71.745	+	71.552)	/ 2 )
=	-1 * -1.504	/	71.6485
=	2.10 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.079	+	43.666
=	71.745

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.963	+	42.589
=	71.552

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.

Fujian Foxit Software Development Joint Stock Co (SHSE:688095) Effective Interest Rate on Debt % Explanation

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

Fujian Foxit Software Development Joint Stock Co Effective Interest Rate on Debt % Related Terms

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Fujian Foxit Software Development Joint Stock Co (SHSE:688095) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fujian Foxit Software Development Joint Stock Co Ltd (SHSE:688095) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

No. 89 Software Avenue, Building 5, Area G, Fuzhou Software Park, Gulou District, Fujian Province, Fuzhou, CHN, 350003

Website

https://www.foxitsoftware.cn

Fujian Foxit Software Development Joint Stock Co Ltd is an internationally operated PDF electronic document solution provider. The company develops and markets PDF products and services to help knowledge workers increase productivity and do more when processing documents. Its products include Foxit Reader, Foxit MobilePDF, Foxit Advanced PDF Editor, Foxit PDF IFilter; and its Development platform and tools include Foxit PDF SDK, Foxit PDF SDK ActiveX, Foxit PDF SDK for Web, and Foxit PDF Toolkit.

Executives

Li You Ming	senior management
Liang Jun Yi	Core technical personnel
Xiong Yu Qian	Directors, senior managers, core technical personn
Li Wei Lan	senior management
Di Pu Jiang	Directors, senior managers
Xiang Yan Yu	Director

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