Hefei I-TEK OptoElectronics Co (SHSE:688610) Effective Interest Rate on Debt % : 3.50% (As of Mar. 2025)

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What is Hefei I-TEK OptoElectronics 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. Hefei I-TEK OptoElectronics Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ¥0.5 Mil. Hefei I-TEK OptoElectronics Co's average total debt for the quarter that ended in Mar. 2025 was ¥15.3 Mil. Therefore, Hefei I-TEK OptoElectronics Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 3.50%.

Hefei I-TEK OptoElectronics Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hefei I-TEK OptoElectronics 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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Hefei I-TEK OptoElectronics Co Effective Interest Rate on Debt % Chart

Hefei I-TEK OptoElectronics Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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2.47

4.12

0.54

5.10

3.31

Hefei I-TEK OptoElectronics Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											4.15	4.21	4.74	6.63	3.50

Competitive Comparison of Hefei I-TEK OptoElectronics Co's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Hefei I-TEK OptoElectronics 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.

Hefei I-TEK OptoElectronics Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hefei I-TEK OptoElectronics Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hefei I-TEK OptoElectronics Co's Effective Interest Rate on Debt % falls into.

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Hefei I-TEK OptoElectronics Co Effective Interest Rate on Debt % Calculation

Hefei I-TEK OptoElectronics Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -0.745	/	( (28.73	+	16.224)	/ 2 )
=	-1 * -0.745	/	22.477
=	3.31 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.725	+	27.005
=	28.73

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.148	+	8.076
=	16.224

Hefei I-TEK OptoElectronics Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -0.536	/	( (16.224	+	14.367)	/ 2 )
=	-1 * -0.536	/	15.2955
=	3.50 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.148	+	8.076
=	16.224

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.081	+	8.286
=	14.367

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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Hefei I-TEK OptoElectronics Co (SHSE:688610) Effective Interest Rate on Debt % Explanation

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

Hefei I-TEK OptoElectronics Co Effective Interest Rate on Debt % Related Terms

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Hefei I-TEK OptoElectronics Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hefei I-TEK OptoElectronics Co Ltd (SHSE:688610) » Definitions » Effective Interest Rate on Debt %

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Address

Wangjiang West Road, 3rd Floor, Building J2, Phase II, Zhongan Chuanggu Science and Technology Park, High-tech Zone, Anhui, Hefei, CHN, 230088

Website

http://www.i-tek.cn

Hefei I-TEK OptoElectronics Co Ltd is a national high-tech enterprise specializing in research & development, production and sales of high-end industrial imaging components. Echo Optoelectronics has always focused on technological innovation and adhered to the positioning of high-end products. It is a high-end domestic brand pioneer enterprise with independent innovation in the field of machine vision.

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