Shenzhen TVT Digital Technology Co (SZSE:002835) Effective Interest Rate on Debt % : 3.96% (As of Jun. 2024)

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What is Shenzhen TVT Digital Technology 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 TVT Digital Technology Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ¥1 Mil. Shenzhen TVT Digital Technology Co's average total debt for the quarter that ended in Jun. 2024 was ¥33 Mil. Therefore, Shenzhen TVT Digital Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 3.96%.

Shenzhen TVT Digital Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shenzhen TVT Digital Technology 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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Shenzhen TVT Digital Technology Co Effective Interest Rate on Debt % Chart

Shenzhen TVT Digital Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.94

4.54

3.04

3.32

3.73

Shenzhen TVT Digital Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.76	3.59	3.42	3.59	3.96

Competitive Comparison of Shenzhen TVT Digital Technology Co's Effective Interest Rate on Debt %

For the Security & Protection Services subindustry, Shenzhen TVT Digital Technology 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 TVT Digital Technology Co's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Shenzhen TVT Digital Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shenzhen TVT Digital Technology Co's Effective Interest Rate on Debt % falls into.

Shenzhen TVT Digital Technology Co Effective Interest Rate on Debt % Calculation

Shenzhen TVT Digital Technology 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 * -2.636	/	( (98.181	+	43.158)	/ 2 )
=	-1 * -2.636	/	70.6695
=	3.73 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.838	+	87.343
=	98.181

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.288	+	37.87
=	43.158

Shenzhen TVT Digital Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -1.324	/	( (42.035	+	24.884)	/ 2 )
=	-1 * -1.324	/	33.4595
=	3.96 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.206	+	37.829
=	42.035

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.991	+	19.893
=	24.884

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

Shenzhen TVT Digital Technology Co (SZSE:002835) Effective Interest Rate on Debt % Explanation

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

Shenzhen TVT Digital Technology Co Effective Interest Rate on Debt % Related Terms

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Shenzhen TVT Digital Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shenzhen TVT Digital Technology Co Ltd (SZSE:002835) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Yuehai Street, Shenzhen Bay Science and Technology Park, 23rd Floor, Block B4, Building 9, Nanshan District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.tvt.net.cn

Shenzhen TVT Digital Technology Co Ltd is a China-based company principally engaged in the research, development, manufacture and distribution of security video surveillance products. The company provides a range of HD analog, IP, and speed dome cameras; NVR products; hybrid DVR products; network storage server integrated platform, software decoders, and HD video encoders; and keyboard camera accessories. It also offers software solutions for CMS and mobile applications. The company serves schools, hospitals, commercial complexes, and industrial parks, as well as transportation, finance, and real estate industries.

Executives

Wang Lan Bo	Supervisors
Liu Di	Directors, executives
Liang Xue Jun	Executives
Liu Jie	Directors, executives
Yang Han Peng	Directors, executives
Peng Xue Wu	Independent director
Gu Ning	Securities Affairs Representative

Shenzhen TVT Digital Technology Co Headlines

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