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Shenzhen Txd Technology Co (SZSE:002845) Effective Interest Rate on Debt % : 2.89% (As of Sep. 2024)


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What is Shenzhen Txd 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 Txd Technology Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ¥45 Mil. Shenzhen Txd Technology Co's average total debt for the quarter that ended in Sep. 2024 was ¥1,544 Mil. Therefore, Shenzhen Txd Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 2.89%.


Shenzhen Txd Technology Co Effective Interest Rate on Debt % Historical Data

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

Shenzhen Txd Technology 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 14.33 12.62 6.09 6.15 4.45

Shenzhen Txd Technology Co 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 5.43 4.61 6.17 4.37 2.89

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

For the Electronic Components subindustry, Shenzhen Txd 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 Txd Technology Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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



Shenzhen Txd Technology Co Effective Interest Rate on Debt % Calculation

Shenzhen Txd 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  *  -50.386/( (1145.64+1117.513)/ 2 )
=-1  *  -50.386/1131.5765
=4.45 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=163.667 + 981.973
=1145.64

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=301.11 + 816.403
=1117.513

Shenzhen Txd Technology Co'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  *  -44.556/( (1567.411+1520.286)/ 2 )
=-1  *  -44.556/1543.8485
=2.89 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=695.684 + 871.727
=1567.411

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=419.17 + 1101.116
=1520.286

* 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.


Shenzhen Txd Technology Co  (SZSE:002845) Effective Interest Rate on Debt % Explanation

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


Shenzhen Txd Technology Co Effective Interest Rate on Debt % Related Terms

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Shenzhen Txd Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No.2 of Zhijie Building, Guanguang Road, Room 13-16 Floor, Longhua District, Shenzhen, CHN, 518109
Shenzhen Txd Technology Co Ltd is an electronic manufacturing company. It designs, produces and sells TFT liquid crystal displays (LCD) module, touch display integrated module (On-cell, In-cell), AMOLED, comprehensive screen and other products. The products offered by the company have application in mobile phones, tablets, digital cameras, Medical equipment display, instrumentation, vehicle display and other fields. Its products are sold in China and other countries.
Executives
Long Xiao Yan Directors, executives
Zhang Zhi Gang Supervisors
Zhu Yan Independent director
Wan Feng Directors, executives
Chen Xiao Jun Supervisors

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