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Suzhou Agioe Technologies Co (SHSE:688450) Effective Interest Rate on Debt % : 2.83% (As of Mar. 2024)


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What is Suzhou Agioe Technologies 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. Suzhou Agioe Technologies Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥2.8 Mil. Suzhou Agioe Technologies Co's average total debt for the quarter that ended in Mar. 2024 was ¥100.5 Mil. Therefore, Suzhou Agioe Technologies Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.83%.


Suzhou Agioe Technologies Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Suzhou Agioe Technologies 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.

* Premium members only.

Suzhou Agioe Technologies Co Effective Interest Rate on Debt % Chart

Suzhou Agioe Technologies Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
3.20 4.52 3.76 3.30 3.43

Suzhou Agioe Technologies Co Quarterly Data
Dec19 Dec20 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 3.31 2.41 2.70 2.24 2.83

Competitive Comparison of Suzhou Agioe Technologies Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Suzhou Agioe Technologies 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.


Suzhou Agioe Technologies Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Suzhou Agioe Technologies Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Suzhou Agioe Technologies Co's Effective Interest Rate on Debt % falls into.



Suzhou Agioe Technologies Co Effective Interest Rate on Debt % Calculation

Suzhou Agioe Technologies 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  *  -2.952/( (79.072+93.026)/ 2 )
=-1  *  -2.952/86.049
=3.43 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.107 + 78.965
=79.072

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.728 + 92.298
=93.026

Suzhou Agioe Technologies 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  *  -2.844/( (93.026+107.965)/ 2 )
=-1  *  -2.844/100.4955
=2.83 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.728 + 92.298
=93.026

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.366 + 107.599
=107.965

* 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.


Suzhou Agioe Technologies Co  (SHSE:688450) Effective Interest Rate on Debt % Explanation

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


Suzhou Agioe Technologies Co Effective Interest Rate on Debt % Related Terms

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Suzhou Agioe Technologies Co (SHSE:688450) Business Description

Traded in Other Exchanges
N/A
Address
No. 270 Dongping Street, 3C, 3D, Aoyang Shunchang Building, Suzhou Industrial Park, Jiangsu, Suzhou, CHN, 215123
Suzhou Agioe Technologies Co Ltd is a high-tech enterprise focusing on the research, development, production and sales of a new generation of optical fiber sensing network and asset digital operation and maintenance management system. The company has formed a series of products such as power facility asset monitoring operation and maintenance management system, submarine cable asset monitoring operation and maintenance management system, and integrated pipeline asset monitoring operation and maintenance management system, which are widely used in power grids, offshore wind power, integrated pipelines, petroleum and petrochemical and other important areas of the national economy.

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