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Xiamen Anne (SZSE:002235) Effective Interest Rate on Debt % : 3.15% (As of Mar. 2024)


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What is Xiamen Anne 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 Anne's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥2.0 Mil. Xiamen Anne's average total debt for the quarter that ended in Mar. 2024 was ¥62.2 Mil. Therefore, Xiamen Anne's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.15%.


Xiamen Anne Effective Interest Rate on Debt % Historical Data

The historical data trend for Xiamen Anne'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 Anne Effective Interest Rate on Debt % Chart

Xiamen Anne 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 6.30 4.50 3.92 3.25 2.91

Xiamen Anne 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 3.87 2.54 - 4.83 3.15

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

For the Paper & Paper Products subindustry, Xiamen Anne'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 Anne's Effective Interest Rate on Debt % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Xiamen Anne's Effective Interest Rate on Debt % distribution charts can be found below:

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



Xiamen Anne Effective Interest Rate on Debt % Calculation

Xiamen Anne'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  *  -1.763/( (59.1+62.275)/ 2 )
=-1  *  -1.763/60.6875
=2.91 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.61 + 52.49
=59.1

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.672 + 61.603
=62.275

Xiamen Anne'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  *  -1.956/( (62.275+62.074)/ 2 )
=-1  *  -1.956/62.1745
=3.15 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.672 + 61.603
=62.275

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.662 + 61.412
=62.074

* 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.


Xiamen Anne  (SZSE:002235) Effective Interest Rate on Debt % Explanation

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


Xiamen Anne Effective Interest Rate on Debt % Related Terms

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Xiamen Anne (SZSE:002235) Business Description

Traded in Other Exchanges
N/A
Address
No. 99 Jinyuan South Road, Xinlin, Jimei District, Fujian, Xiamen, CHN, 361022
Xiamen Anne Corp Ltd is a China-based company focused on the research and development, production, distribution and integrated application and services. Its businesses include digital rights services, digital marketing services, business information paper products marketing services, and lottery marketing services. The company specializes in offering online digital rights application services. Its product, Digital Copyright Service Platform for Digital Rights, as long as 3 minutes, utilizes innovative intelligent AI and blockchain reinforcement technology to provide digital rights services based on the DCI digital copyright protection system.
Executives
Liu Xiao Hai Independent director
Zhang Jie Directors, executives
Yang Chao Directors, executives
Huang Yi Nian Supervisors
Xie Rong Supervisors, securities affairs representatives
Dai Si Hong Supervisors
Ye Quan Qing Directors, executives
Xu Zhi Qiang Executives
Lin Xu Xi Director
Huang Qing Hua Directors, executives
Wang Mei Ying Executives
Guo Yong Fang Independent director
Zhang Hui Directors, executives
Yang Qin Tao Executives
Zhou Zhen Guo Supervisors

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