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Digital China Group Co (SZSE:000034) Effective Interest Rate on Debt % : 4.80% (As of Mar. 2024)


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What is Digital China Group 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. Digital China Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥844 Mil. Digital China Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥17,570 Mil. Therefore, Digital China Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.80%.


Digital China Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Digital China Group 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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Digital China Group Co Effective Interest Rate on Debt % Chart

Digital China Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.76 3.44 3.30 2.96 3.31

Digital China Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 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 2.81 4.10 3.10 4.28 4.80

Competitive Comparison of Digital China Group Co's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Digital China Group 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.


Digital China Group Co's Effective Interest Rate on Debt % Distribution in the Software Industry

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

* The bar in red indicates where Digital China Group Co's Effective Interest Rate on Debt % falls into.



Digital China Group Co Effective Interest Rate on Debt % Calculation

Digital China Group 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  *  -500.581/( (13054.838+17191.454)/ 2 )
=-1  *  -500.581/15123.146
=3.31 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4115.537 + 8939.301
=13054.838

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5635.457 + 11555.997
=17191.454

Digital China Group 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  *  -843.744/( (17191.454+17947.926)/ 2 )
=-1  *  -843.744/17569.69
=4.80 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5635.457 + 11555.997
=17191.454

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5360.216 + 12587.71
=17947.926

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


Digital China Group Co  (SZSE:000034) Effective Interest Rate on Debt % Explanation

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


Digital China Group Co Effective Interest Rate on Debt % Related Terms

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Digital China Group Co (SZSE:000034) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 8 Kefa Road, Yuehai Street, Building E1, Floor 11, Building 1, Financial Base, Nanshan District, Guangdong Province, Shenzhen, CHN, 100085
Digital China Group Co Ltd is a China-based integrated IT service provider. It is engaged in the business activity of providing services which include product marketing, capital logistics, localized technical support, large data services and cloud computing infrastructure.
Executives
Yang Ming Lang Executives
Liu Xin Secretary Dong
Lv Jing Executives
Xin Xin Director
Lu Ming Executives
Chen Zhen Kun Executives
Li Yan Executives
Han Zhi Min Executives
Ye Hai Qiang Executives
Hao Jun Cheng Executives
Zhou Li Da Executives
Wang Xiao Yan Director
Wu Hao Executives
Tang Kai Executives
Wang Ji Ye Secretary Dong

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