Sansec Technology Co (SHSE:688489) Effective Interest Rate on Debt % : 4.74% (As of Mar. 2024)

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What is Sansec 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. Sansec Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥1.8 Mil. Sansec Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥38.4 Mil. Therefore, Sansec Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.74%.

Sansec Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sansec 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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Sansec Technology Co Effective Interest Rate on Debt % Chart

Sansec Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.92

2.59

3.09

3.64

3.93

Sansec Technology Co Quarterly Data
	Dec18	Dec19	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											6.51	0.31	1.92	6.74	4.74

Competitive Comparison of Sansec Technology Co's Effective Interest Rate on Debt %

For the Software - Application subindustry, Sansec 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.

Sansec Technology Co's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Sansec Technology Co Effective Interest Rate on Debt % Calculation

Sansec 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 * -0.839	/	( (1.9	+	40.808)	/ 2 )
=	-1 * -0.839	/	21.354
=	3.93 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.03	+	0.87
=	1.9

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.442	+	15.366
=	40.808

Sansec 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 * -1.82	/	( (40.808	+	36.055)	/ 2 )
=	-1 * -1.82	/	38.4315
=	4.74 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.442	+	15.366
=	40.808

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27.217	+	8.838
=	36.055

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.

Sansec Technology Co (SHSE:688489) Effective Interest Rate on Debt % Explanation

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

Sansec Technology Co Effective Interest Rate on Debt % Related Terms

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Sansec Technology Co (SHSE:688489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sansec Technology Co Ltd (SHSE:688489) » Definitions » Effective Interest Rate on Debt %

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Address

Guangshun North Street, Room 1406, 14th Floor, Building 2, Courtyard 16, Chaoyang District, Beijing, CHN, 100102

Website

http://www.sansec.com.cn

Sansec Technology Co Ltd is engaged in innovation of cryptographic technology and R&D, sales and service of cryptographic products and provides cryptographic products and solutions for the internet information security. The company's products portfolio includes PCIe HSM, Cloud HSM, General purpose HSM, Financial HSM, and Cryptographic Software System. HSMs provide the integrated cryptographic functions for different application scenarios, including financial HSMs, general purpose HSMs, cloud HSMs, KMS and other HSMs. Cryptographic systems include key management system, cryptographic service platform, identity authentication system, cryptographic middleware, etc.

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