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Shenzhen Jieshun Science and Technology Industry Co (SZSE:002609) Effective Interest Rate on Debt % : 1.33% (As of Mar. 2024)


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What is Shenzhen Jieshun Science and Technology Industry 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. Shenzhen Jieshun Science and Technology Industry Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥6 Mil. Shenzhen Jieshun Science and Technology Industry Co's average total debt for the quarter that ended in Mar. 2024 was ¥431 Mil. Therefore, Shenzhen Jieshun Science and Technology Industry Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.33%.


Shenzhen Jieshun Science and Technology Industry Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shenzhen Jieshun Science and Technology Industry 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.

* Premium members only.

Shenzhen Jieshun Science and Technology Industry Co Effective Interest Rate on Debt % Chart

Shenzhen Jieshun Science and Technology Industry 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 4.10 1.70 1.18 5.28 4.37

Shenzhen Jieshun Science and Technology Industry 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 2.61 6.44 7.21 2.39 1.33

Competitive Comparison of Shenzhen Jieshun Science and Technology Industry Co's Effective Interest Rate on Debt %

For the Scientific & Technical Instruments subindustry, Shenzhen Jieshun Science and Technology Industry 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.


Shenzhen Jieshun Science and Technology Industry Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

* The bar in red indicates where Shenzhen Jieshun Science and Technology Industry Co's Effective Interest Rate on Debt % falls into.



Shenzhen Jieshun Science and Technology Industry Co Effective Interest Rate on Debt % Calculation

Shenzhen Jieshun Science and Technology Industry 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  *  -23.134/( (582.594+476.66)/ 2 )
=-1  *  -23.134/529.627
=4.37 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=468.279 + 114.315
=582.594

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=277.608 + 199.052
=476.66

Shenzhen Jieshun Science and Technology Industry 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  *  -5.708/( (476.66+384.545)/ 2 )
=-1  *  -5.708/430.6025
=1.33 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=277.608 + 199.052
=476.66

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=285.323 + 99.222
=384.545

* 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.


Shenzhen Jieshun Science and Technology Industry Co  (SZSE:002609) Effective Interest Rate on Debt % Explanation

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


Shenzhen Jieshun Science and Technology Industry Co Effective Interest Rate on Debt % Related Terms

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Shenzhen Jieshun Science and Technology Industry Co (SZSE:002609) Business Description

Traded in Other Exchanges
N/A
Address
No. 10, Longwei Road, Meilin Street, Jieshun Technology, Futian District, Guangdong Province, Shenzhen, CHN, 518049
Shenzhen Jieshun Science and Technology Industry Co Ltd is a China-based access control and management company. It offers a full range of equipment and intelligent security system solutions. The company offers products in the categories of parking management system, parking guidance system, access control system, pedestrian gate, barrier gate, and road blocker. Its solutions portfolio includes all in one card solution, turnstile with ESD testing solution, biological recognition solution, and card retriever solution.
Executives
Wang Heng Bo Directors, executives
Zhao Yong Directors, executives
Tang Jian Director
Liu Cui Ying Directors, executives
An He Nan Independent director
Li Min Executives
Xu Zhao Lin Executives
He Jun Executives
Xiong Xiang Hua Executives
Xu Jian Sheng Supervisors
Huang Hua Yin Executives
Li Ran Executives
Zhou Yu Directors, executives
Ye Lei Executives
Chen Yi Lin Executives

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