Hubei Huaqiang High-Tech Co (SHSE:688151) Effective Interest Rate on Debt % : 4.64% (As of Mar. 2024)

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What is Hubei Huaqiang High-Tech 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. Hubei Huaqiang High-Tech Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0.2 Mil. Hubei Huaqiang High-Tech Co's average total debt for the quarter that ended in Mar. 2024 was ¥3.5 Mil. Therefore, Hubei Huaqiang High-Tech Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.64%.

Hubei Huaqiang High-Tech Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hubei Huaqiang High-Tech 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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Hubei Huaqiang High-Tech Co Effective Interest Rate on Debt % Chart

Hubei Huaqiang High-Tech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.92

2.78

3.10

3.11

Hubei Huaqiang High-Tech Co Quarterly Data
	Dec18	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															-	-	-	3,969.32	4.64

Competitive Comparison of Hubei Huaqiang High-Tech Co's Effective Interest Rate on Debt %

For the Medical Instruments & Supplies subindustry, Hubei Huaqiang High-Tech 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.

Hubei Huaqiang High-Tech Co's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Hubei Huaqiang High-Tech Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hubei Huaqiang High-Tech Co's Effective Interest Rate on Debt % falls into.

Hubei Huaqiang High-Tech Co Effective Interest Rate on Debt % Calculation

Hubei Huaqiang High-Tech 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 * -0.122	/	( (0	+	3.924)	/ 1 )
=	-1 * -0.122	/	3.924
=	3.11 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.396	+	1.528
=	3.924

Hubei Huaqiang High-Tech 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 * -0.164	/	( (3.924	+	3.145)	/ 2 )
=	-1 * -0.164	/	3.5345
=	4.64 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.396	+	1.528
=	3.924

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.145	+	0
=	3.145

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.

Hubei Huaqiang High-Tech Co (SHSE:688151) Effective Interest Rate on Debt % Explanation

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

Hubei Huaqiang High-Tech Co Effective Interest Rate on Debt % Related Terms

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Hubei Huaqiang High-Tech Co (SHSE:688151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Hubei Huaqiang High-Tech Co Ltd (SHSE:688151) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

No.499, Donglin Road, Biological Industry Park, Yichang Area, Free Trade Zone, Hubei, CHN, 443000

Website

http://www.hqtc.com

Hubei Huaqiang High-Tech Co Ltd is engaged in the research and development, production and sales of special protective equipment, medical packaging and medical device products.

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