Modern Avenue Group Co (SZSE:002656) Effective Interest Rate on Debt % : 3.37% (As of Dec. 2024)

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What is Modern Avenue 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. Modern Avenue Group Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was ¥1.3 Mil. Modern Avenue Group Co's average total debt for the quarter that ended in Dec. 2024 was ¥39.4 Mil. Therefore, Modern Avenue Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 3.37%.

Modern Avenue Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Modern Avenue 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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Modern Avenue Group Co Effective Interest Rate on Debt % Chart

Modern Avenue Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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2.96

4.54

5.03

5.65

5.92

Modern Avenue Group Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.48	10.15	-	4.84	3.37

Competitive Comparison of Modern Avenue Group Co's Effective Interest Rate on Debt %

For the Apparel Manufacturing subindustry, Modern Avenue 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.

Modern Avenue Group Co's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Modern Avenue Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Modern Avenue Group Co Effective Interest Rate on Debt % Calculation

Modern Avenue Group Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -2.823	/	( (69.578	+	25.727)	/ 2 )
=	-1 * -2.823	/	47.6525
=	5.92 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	47.339	+	22.239
=	69.578

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.014	+	10.713
=	25.727

Modern Avenue Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -1.328	/	( (53.059	+	25.727)	/ 2 )
=	-1 * -1.328	/	39.393
=	3.37 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34.664	+	18.395
=	53.059

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.014	+	10.713
=	25.727

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

Modern Avenue Group Co (SZSE:002656) Effective Interest Rate on Debt % Explanation

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

Modern Avenue Group Co Effective Interest Rate on Debt % Related Terms

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Modern Avenue Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Modern Avenue Group Co Ltd (SZSE:002656) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 23 Guangpu Middle Road, Science City, Huangpu District, Guangdong Province, Guangzhou, CHN, 510663

Website

https://www.modernavenuegroup.com

Modern Avenue Group Co Ltd is a fashion brand operator. The company manufactures, designs, markets and retails a wide range of men's clothing such as business series and vacation series. The company has seven channels of business operations: Modern Avenue e-commerce platform, high-end shopping malls, high-end boutique buyers, Hong Kong and Macao channels, airport channels, third-party e-commerce platforms, and new media channels. Its principal geographical areas for its operations are located in Asia Pacific, Europe, the United States, and the Middle East.

Executives

Lin Yong Fei	Director
Weng Wu Qiang	Directors, executives
Yang Hou Wei	Directors, executives

Modern Avenue Group Co Headlines

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