SNI (Shenni Holdings) Effective Interest Rate on Debt %: 0.45% (As of Sep. 2024)

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What is Shenni Holdings Effective Interest Rate on Debt %?

Shenni Holdings SNI Effective Interest Rate on Debt % is 0.45% as of Sep. 2024.

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. Shenni Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.01 Mil. Shenni Holdings's average total debt for the quarter that ended in Sep. 2024 was $1.77 Mil. Therefore, Shenni Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 0.45%.


Shenni Holdings  (NAS:SNI) Effective Interest Rate on Debt % Explanation

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


Shenni Holdings Effective Interest Rate on Debt % Related Terms


Shenni Holdings Effective Interest Rate on Debt % Historical Data

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The historical data trend for Shenni Holdings'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.

Shenni Holdings Effective Interest Rate on Debt % Chart

Shenni Holdings Annual Data
Trend Mar23 Mar24
Effective Interest Rate on Debt %
0.00 0.03

Shenni Holdings Semi-Annual Data
Mar23 Sep23 Mar24 Sep24
Effective Interest Rate on Debt % 0.00 0.00 0.00 0.45

SNI vs : Effective Interest Rate on Debt % Comparison

For the Medical Devices subindustry, Shenni Holdings'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.


Shenni Holdings Effective Interest Rate on Debt % vs Medical Devices & Instruments Industry

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

* The bar in red indicates where Shenni Holdings's Effective Interest Rate on Debt % falls into.



Shenni Holdings Effective Interest Rate on Debt % Calculation

Shenni Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2023 )+Total Debt  (A: Mar. 2024 ))/ count )
=-1  *  -0.001/( (4.522+2.31)/ 2 )
=-1  *  -0.001/3.416
=0.03 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.765 + 3.757
=4.522

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.699 + 1.611
=2.31

Shenni Holdings'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: Mar. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -0.008/( (2.31+1.232)/ 2 )
=-1  *  -0.008/1.771
=0.45 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.699 + 1.611
=2.31

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.693 + 0.539
=1.232

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

What does a Effective Interest Rate on Debt % of 0.45% mean?
Shenni Holdings (SNI) has a Effective Interest Rate on Debt % of 0.45% as of Sep. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Shenni Holdings and its competitors.
Is Shenni Holdings' Effective Interest Rate on Debt % too high?
Shenni Holdings' current Effective Interest Rate on Debt % is 0.45%.
How does Shenni Holdings' Effective Interest Rate on Debt % compare to ?
Shenni Holdings' Effective Interest Rate on Debt % of 0.45% can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Medical Devices & Instruments company?
A good Effective Interest Rate on Debt % depends on the Medical Devices & Instruments industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Shenni Holdings and its competitors. Shenni Holdings's current Effective Interest Rate on Debt % is 0.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenni Holdings stock overvalued right now?
Shenni Holdings (SNI) has a current Effective Interest Rate on Debt % of 0.45%. The current Effective Interest Rate on Debt % is 0.45%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Shenni Holdings (SNI), the current Effective Interest Rate on Debt % is 0.45% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shenni Holdings Business Description

Comparable Companies
Address Biopharmaceutical Industry Park, South Bridge Yongfeng County, Jiangxi Province, Jian, CHN, 331500
Shenni Holdings Ltd is a holding company. Through its operating subsidiaries in China, it is engaged in the business of the manufacture and distribution of urology medical devices and care products as well as the distribution of cardiovascular and cerebrovascular medical devices. Its products include Guide Wire, Catheter Sheath, and PTA Balloon Catheter. The company derives its revenue from three sources: (i) sales and distribution of urology medical devices (ii) sales and distribution of urology care products, and (iii) sales and distribution of cardiovascular and cerebrovascular medical devices.