Xiamen Xinde Co (SZSE:000701) Effective Interest Rate on Debt % : 3.54% (As of Mar. 2024)

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What is Xiamen Xinde 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. Xiamen Xinde Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥299 Mil. Xiamen Xinde Co's average total debt for the quarter that ended in Mar. 2024 was ¥8,452 Mil. Therefore, Xiamen Xinde Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.54%.

Xiamen Xinde Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Xiamen Xinde 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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Xiamen Xinde Co Effective Interest Rate on Debt % Chart

Xiamen Xinde 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

10.38

5.77

6.53

5.54

6.49

Xiamen Xinde 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															3.73	4.64	4.49	4.96	3.54

Competitive Comparison of Xiamen Xinde Co's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Xiamen Xinde 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.

Xiamen Xinde Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Xiamen Xinde Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Xiamen Xinde Co's Effective Interest Rate on Debt % falls into.

Xiamen Xinde Co Effective Interest Rate on Debt % Calculation

Xiamen Xinde 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 * -392.418	/	( (6591.696	+	5493.657)	/ 2 )
=	-1 * -392.418	/	6042.6765
=	6.49 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	906.356	+	5685.34
=	6591.696

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2761.771	+	2731.886
=	5493.657

Xiamen Xinde 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 * -298.8	/	( (5493.657	+	11410.105)	/ 2 )
=	-1 * -298.8	/	8451.881
=	3.54 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2761.771	+	2731.886
=	5493.657

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3077.925	+	8332.18
=	11410.105

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.

Xiamen Xinde Co (SZSE:000701) Effective Interest Rate on Debt % Explanation

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

Xiamen Xinde Co Effective Interest Rate on Debt % Related Terms

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Xiamen Xinde Co (SZSE:000701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiamen Xinde Co Ltd (SZSE:000701) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Xinhong Building, 2F, Huli District, Xiamen, Fujian, CHN, 361006

Website

http://www.xindeco.com

Xiamen Xinde Co Ltd focuses on the Electronic Information industry and has built the industry framework with several pillar businesses covering Ultra-high Brightness LED Packaging, application development, and production, electronic labels, as well as development and production of security products.

Executives

Huang Jun Feng	Executives
Fu Ben Sheng	Directors, executives
Wang Ming Cheng	Directors, executives
Chen Ge	Executives
Ceng Ting Yi	Director
Jiang Feng	Executives
Chen Hong	Secretary, Director
Wang Xiao Shun	Supervisors
Hong Shuang Hua	Supervisors
Du Shao Hua	Directors, executives
Fan Dan	Executives
Zhou Kun Shan	Director
Tong Jin Zhi	Director
Wang Mei Ling	Supervisors, within half a year of separation
Huang Li Hong	Directors, executives

Xiamen Xinde Co (SZSE:000701) Headlines

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