Nanjing Medlander Medical Technology Co (SHSE:688273) Effective Interest Rate on Debt % : 6.29% (As of Mar. 2024)

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What is Nanjing Medlander Medical Technology 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. Nanjing Medlander Medical Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0.7 Mil. Nanjing Medlander Medical Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥11.6 Mil. Therefore, Nanjing Medlander Medical Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.29%.

Nanjing Medlander Medical Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Nanjing Medlander Medical Technology 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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Nanjing Medlander Medical Technology Co Effective Interest Rate on Debt % Chart

Nanjing Medlander Medical Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

1.45

3.43

1.94

3.85

4.25

Nanjing Medlander Medical Technology Co Quarterly Data
	Dec18	Dec19	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												4.61	4.42	4.22	2.99	6.29

Competitive Comparison of Nanjing Medlander Medical Technology Co's Effective Interest Rate on Debt %

For the Medical Devices subindustry, Nanjing Medlander Medical Technology 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.

Nanjing Medlander Medical Technology Co's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Nanjing Medlander Medical Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Nanjing Medlander Medical Technology Co's Effective Interest Rate on Debt % falls into.

Nanjing Medlander Medical Technology Co Effective Interest Rate on Debt % Calculation

Nanjing Medlander Medical Technology 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 * -0.381	/	( (9.429	+	8.506)	/ 2 )
=	-1 * -0.381	/	8.9675
=	4.25 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.99	+	1.439
=	9.429

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.374	+	6.132
=	8.506

Nanjing Medlander Medical Technology 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 * -0.732	/	( (8.506	+	14.774)	/ 2 )
=	-1 * -0.732	/	11.64
=	6.29 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.374	+	6.132
=	8.506

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.062	+	12.712
=	14.774

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.

Nanjing Medlander Medical Technology Co (SHSE:688273) Effective Interest Rate on Debt % Explanation

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

Nanjing Medlander Medical Technology Co Effective Interest Rate on Debt % Related Terms

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Nanjing Medlander Medical Technology Co (SHSE:688273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nanjing Medlander Medical Technology Co Ltd (SHSE:688273) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Gande Road, 2nd Floor, Building 5, Jiangning High-tech Park, Jiangning District, Jiangsu Province, Nanjing City, CHN, 211100

Website

http://www.medlander.com

Nanjing Medlander Medical Technology Co Ltd is engaged in the research and development, production, sales and service of related products in the field of pelvic floor and postpartum rehabilitation.

Executives

Zhu Bi Sheng	senior management
Chen Jiang Ning	senior management
Yang Rui Jia	Directors, senior managers, core technical personn
Shi Zhi Huai	Directors, senior managers, core technical personn
Chen Bin	Directors, senior managers
Tu Hong Lin	Directors, senior managers
Wang Wang	senior management

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