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Guangdong Lyric Robot Automation Co (SHSE:688499) Effective Interest Rate on Debt % : 2.46% (As of Sep. 2024)


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What is Guangdong Lyric Robot Automation 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. Guangdong Lyric Robot Automation Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ¥74 Mil. Guangdong Lyric Robot Automation Co's average total debt for the quarter that ended in Sep. 2024 was ¥2,995 Mil. Therefore, Guangdong Lyric Robot Automation Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 2.46%.


Guangdong Lyric Robot Automation Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Guangdong Lyric Robot Automation 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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Guangdong Lyric Robot Automation Co Effective Interest Rate on Debt % Chart

Guangdong Lyric Robot Automation Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 4.70 4.47 3.24 3.28 3.29

Guangdong Lyric Robot Automation Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.72 3.30 3.34 4.44 2.46

Competitive Comparison of Guangdong Lyric Robot Automation Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Guangdong Lyric Robot Automation 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.


Guangdong Lyric Robot Automation Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangdong Lyric Robot Automation Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Guangdong Lyric Robot Automation Co's Effective Interest Rate on Debt % falls into.



Guangdong Lyric Robot Automation Co Effective Interest Rate on Debt % Calculation

Guangdong Lyric Robot Automation 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  *  -78.652/( (1956.123+2821.413)/ 2 )
=-1  *  -78.652/2388.768
=3.29 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1573.302 + 382.821
=1956.123

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1846.609 + 974.804
=2821.413

Guangdong Lyric Robot Automation Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -73.744/( (2950.964+3038.531)/ 2 )
=-1  *  -73.744/2994.7475
=2.46 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1733.586 + 1217.378
=2950.964

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1587.999 + 1450.532
=3038.531

* 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 (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Guangdong Lyric Robot Automation Co  (SHSE:688499) Effective Interest Rate on Debt % Explanation

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


Guangdong Lyric Robot Automation Co Effective Interest Rate on Debt % Related Terms

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Guangdong Lyric Robot Automation Co Business Description

Traded in Other Exchanges
N/A
Address
No. 4, Xinpeng Road, Ma'an Town, Huicheng District, Guangdong Province, Huizhou, CHN, 516057
Guangdong Lyric Robot Automation Co Ltd is a high-tech enterprise focusing on research and development and manufacturing of high-end equipment, and a leading enterprise in the new energy intelligent equipment industry with a global perspective. It mainly provide digital intelligence solutions for leading companies in the three major industries of new energy, automobiles and Information and Communications Technology.
Executives
Du Yi Xian Supervisors
Gao Xue Song Director
Xiong Xue Fei Core technical personnel
Chen De Core technical personnel
Ding Chang Peng Core technical personnel
Cai Hai Sheng Core technical personnel
Lu Jia Hong Director
Guo Qiu Ming Core technical personnel
Chen Jian Ze Core technical personnel

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