GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Landai Technology Group Corp Ltd (SZSE:002765) » Definitions » Effective Interest Rate on Debt %

Landai Technology Group (SZSE:002765) Effective Interest Rate on Debt % : 3.35% (As of Sep. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Landai Technology Group 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. Landai Technology Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ¥28 Mil. Landai Technology Group's average total debt for the quarter that ended in Sep. 2024 was ¥842 Mil. Therefore, Landai Technology Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 3.35%.


Landai Technology Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Landai Technology Group'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.

Landai Technology Group Effective Interest Rate on Debt % Chart

Landai Technology Group 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 6.23 5.53 5.78 4.66 3.02

Landai Technology Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.89 3.14 3.25 3.56 3.35

Competitive Comparison of Landai Technology Group's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Landai Technology Group'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.


Landai Technology Group's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Landai Technology Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Landai Technology Group's Effective Interest Rate on Debt % falls into.



Landai Technology Group Effective Interest Rate on Debt % Calculation

Landai Technology Group'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  *  -23.88/( (825.056+756.434)/ 2 )
=-1  *  -23.88/790.745
=3.02 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=316.697 + 508.359
=825.056

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=461.847 + 294.587
=756.434

Landai Technology Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -28.18/( (887.879+795.426)/ 2 )
=-1  *  -28.18/841.6525
=3.35 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=543.922 + 343.957
=887.879

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=540.24 + 255.186
=795.426

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


Landai Technology Group  (SZSE:002765) Effective Interest Rate on Debt % Explanation

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


Landai Technology Group Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Landai Technology Group's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Landai Technology Group Business Description

Traded in Other Exchanges
N/A
Address
No. 100, Jianshan Road, Biquan Street, Bishan District, Chongqing, CHN, 402760
Landai Technology Group Corp Ltd is engaged in research and development, production and sales of passenger car transmission gears and housings, transmission assemblies, and motorcycle main and countershaft components; research and development, production and sales of related products related to touch screen and touch display integration.
Executives
Tang Hai Chuan Directors, executives
Bian Wei Qin Directors, executives
Ding Jia Hai Directors, executives
Huang Bai Hong Directors, executives
Zhu Jun Han Directors, executives
Wu Zhi Lan Supervisors
Zhou Yong Supervisors
Chen Xiao Hong Directors, executives

Landai Technology Group Headlines

No Headlines