SUIC (SUIC Worldwide Holdings) Effective Interest Rate on Debt % : 4.82% (As of Jun. 2024)

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What is SUIC Worldwide Holdings 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. SUIC Worldwide Holdings's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $0.02 Mil. SUIC Worldwide Holdings's average total debt for the quarter that ended in Jun. 2024 was $0.42 Mil. Therefore, SUIC Worldwide Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 4.82%.

SUIC Worldwide Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for SUIC Worldwide 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.

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SUIC Worldwide Holdings Effective Interest Rate on Debt % Chart

SUIC Worldwide Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.70

7.41

4.81

4.55

4.69

SUIC Worldwide Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.31	4.30	4.66	4.94	4.82

Competitive Comparison of SUIC Worldwide Holdings's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, SUIC Worldwide 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.

SUIC Worldwide Holdings's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

SUIC Worldwide Holdings Effective Interest Rate on Debt % Calculation

SUIC Worldwide Holdings'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 * -0.02	/	( (0.461	+	0.392)	/ 2 )
=	-1 * -0.02	/	0.4265
=	4.69 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.287	+	0.174
=	0.461

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.279	+	0.113
=	0.392

SUIC Worldwide Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.02	/	( (0.417	+	0.413)	/ 2 )
=	-1 * -0.02	/	0.415
=	4.82 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.279	+	0.138
=	0.417

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.279	+	0.134
=	0.413

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

SUIC Worldwide Holdings (OTCPK:SUIC) Effective Interest Rate on Debt % Explanation

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

SUIC Worldwide Holdings Effective Interest Rate on Debt % Related Terms

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SUIC Worldwide Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SUIC Worldwide Holdings Ltd (OTCPK:SUIC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

136-20 38th Avenue, Unit 3G, Flushing, NY, USA, 11354

Website

https://www.sinounitedco.com

SUIC Worldwide Holdings Ltd provides research and development, venture financing for, and investing in private enterprises and the public sector that develops products and services adopting core capabilities of the Internet of Things, cloud computing, mobile payment, Big Data, Blockchain, and Artificial Intelligence, to enhance and streamline existing processes, and establish new and exciting business models that will create revolutionary products and services. The company works in several new business ventures with a focus on the following fields; Fintech, Food Industry Supply Chain Integration, Global Chain & Franchise Expansion, and Other Supply Chain Integration.

Executives

Jianye Wang	10 percent owner	47 HUAGONG ROAD, ZHAO DONG CITY, HEILONGJIANG F4 151100
Haipeng Wang	director, 10 percent owner, officer: VP, Global Energy Services	136-20 39TH AVENUE, UNIT 3G, FLUSHING NY 11354