Hangzhou Hota M&E Holdings Co (SZSE:001225) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is Hangzhou Hota M&E Holdings 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. Hangzhou Hota M&E Holdings Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Hangzhou Hota M&E Holdings Co's average total debt for the quarter that ended in Mar. 2024 was ¥1.8 Mil. Therefore, Hangzhou Hota M&E Holdings Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Hangzhou Hota M&E Holdings Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hangzhou Hota M&E Holdings 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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Hangzhou Hota M&E Holdings Co Effective Interest Rate on Debt % Chart

Hangzhou Hota M&E Holdings Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.81

8.47

5.86

Hangzhou Hota M&E Holdings Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									-	2,039.49	5.31	5.54	-

Competitive Comparison of Hangzhou Hota M&E Holdings Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Hangzhou Hota M&E Holdings 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.

Hangzhou Hota M&E Holdings Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hangzhou Hota M&E Holdings Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hangzhou Hota M&E Holdings Co's Effective Interest Rate on Debt % falls into.

Hangzhou Hota M&E Holdings Co Effective Interest Rate on Debt % Calculation

Hangzhou Hota M&E Holdings 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 * -0.075	/	( (1.252	+	1.307)	/ 2 )
=	-1 * -0.075	/	1.2795
=	5.86 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.252	+	0
=	1.252

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.91	+	0.397
=	1.307

Hangzhou Hota M&E Holdings 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 * 0	/	( (1.307	+	2.296)	/ 2 )
=	-1 * 0	/	1.8015
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.91	+	0.397
=	1.307

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.418	+	0.878
=	2.296

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.

Hangzhou Hota M&E Holdings Co (SZSE:001225) Effective Interest Rate on Debt % Explanation

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

Hangzhou Hota M&E Holdings Co Effective Interest Rate on Debt % Related Terms

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Hangzhou Hota M&E Holdings Co (SZSE:001225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Hota M&E Holdings Co Ltd (SZSE:001225) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1201, Tonghui North Road, Ningwei Street, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 311215

Website

http://www.hota.com.cn

Hangzhou Hota M&E Holdings Co Ltd is engaged in the research and development, design, manufacture and sales of material handling equipment. The company's main products include plate chain bucket elevators, belt bucket elevators and other series of conveying equipment and accessories, which are widely used in cement building materials, ports, steel, chemical and other industries, providing customers with environmentally friendly and efficient bulk materials Handling solutions.

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