GURUFOCUS.COM » STOCK LIST » Technology » Software » Hand Enterprise Solutions Co Ltd (SZSE:300170) » Definitions » Effective Interest Rate on Debt %

Hand Enterprise Solutions Co (SZSE:300170) Effective Interest Rate on Debt % : 3.61% (As of Mar. 2024)


View and export this data going back to 2011. Start your Free Trial

What is Hand Enterprise Solutions 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. Hand Enterprise Solutions Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥16 Mil. Hand Enterprise Solutions Co's average total debt for the quarter that ended in Mar. 2024 was ¥455 Mil. Therefore, Hand Enterprise Solutions Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.61%.


Hand Enterprise Solutions Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hand Enterprise Solutions 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.

Hand Enterprise Solutions Co Effective Interest Rate on Debt % Chart

Hand Enterprise Solutions 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 4.24 3.55 4.73 4.58 3.37

Hand Enterprise Solutions 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 4.42 2.26 2.89 2.45 3.61

Competitive Comparison of Hand Enterprise Solutions Co's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Hand Enterprise Solutions 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.


Hand Enterprise Solutions Co's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Hand Enterprise Solutions Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hand Enterprise Solutions Co's Effective Interest Rate on Debt % falls into.



Hand Enterprise Solutions Co Effective Interest Rate on Debt % Calculation

Hand Enterprise Solutions 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  *  -28.301/( (1275.937+404.124)/ 2 )
=-1  *  -28.301/840.0305
=3.37 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=830.566 + 445.371
=1275.937

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.12 + 402.004
=404.124

Hand Enterprise Solutions 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  *  -16.416/( (404.124+506.307)/ 2 )
=-1  *  -16.416/455.2155
=3.61 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.12 + 402.004
=404.124

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.941 + 503.366
=506.307

* 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.


Hand Enterprise Solutions Co  (SZSE:300170) Effective Interest Rate on Debt % Explanation

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


Hand Enterprise Solutions Co Effective Interest Rate on Debt % Related Terms

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


Hand Enterprise Solutions Co (SZSE:300170) Business Description

Traded in Other Exchanges
N/A
Address
Room 1339 Central Plaza, No 381Central Huaihai Road, Shanghai, CHN, 200020
Hand Enterprise Solutions Co Ltd is a China-based ERP consulting implementation company. Its business operations include enterprise information application product development, consulting implementation and technical services. Its product and service offering comprises charge control system, supply chain financial services cloud platform, master data management, enterprise mobile platform, and other technical products.
Executives
Chen Di Qing Director
Huang Qing Supervisors
Lu Ya Securities Affairs Representative
Shu Xiao Securities Affairs Representative
Fan Jian Zhen Director
Wang Xin Yi Executives
Zhang Wei Feng Directors, executives

Hand Enterprise Solutions Co (SZSE:300170) Headlines

No Headlines