Wuxi Hodgen Technology Co (SZSE:300279) Effective Interest Rate on Debt % : 2.78% (As of Jun. 2024)

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What is Wuxi Hodgen 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. Wuxi Hodgen Technology Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ¥17 Mil. Wuxi Hodgen Technology Co's average total debt for the quarter that ended in Jun. 2024 was ¥594 Mil. Therefore, Wuxi Hodgen Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 2.78%.

Wuxi Hodgen Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Wuxi Hodgen 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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Wuxi Hodgen Technology Co Effective Interest Rate on Debt % Chart

Wuxi Hodgen Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.19

0.82

0.75

3.80

3.56

Wuxi Hodgen 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															4.91	4.29	0.87	4.50	2.78

Competitive Comparison of Wuxi Hodgen Technology Co's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Wuxi Hodgen 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.

Wuxi Hodgen Technology Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

Wuxi Hodgen Technology Co Effective Interest Rate on Debt % Calculation

Wuxi Hodgen 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 * -25.135	/	( (820.201	+	592.897)	/ 2 )
=	-1 * -25.135	/	706.549
=	3.56 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	59.816	+	760.385
=	820.201

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.432	+	592.465
=	592.897

Wuxi Hodgen 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 * -16.524	/	( (579.596	+	607.426)	/ 2 )
=	-1 * -16.524	/	593.511
=	2.78 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.064	+	579.532
=	579.596

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	69.362	+	538.064
=	607.426

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.

Wuxi Hodgen Technology Co (SZSE:300279) Effective Interest Rate on Debt % Explanation

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

Wuxi Hodgen Technology Co Effective Interest Rate on Debt % Related Terms

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Wuxi Hodgen Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wuxi Hodgen Technology Co Ltd (SZSE:300279) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

No. 177, Changjiang East Road, Wuxi New District, Jiangsu Province, Wuxi, CHN, 214145

Website

http://www.hodgen-china.com

Wuxi Hodgen Technology Co Ltd is an electrical machinery and equipment manufacturing company. It is organized into four business segments: the Hejingzhi Manufacturing segment is engaged in the research, development, manufacture and sale of white goods and intelligent hardware. The System Integration segment provides information services for various enterprises and institutions in the government, education and other industries. The Interactive Data segment serves the broadcasting and television system, the main source of income is access network equipment and intelligent terminals. The Internet Education segment provides a cloud platform for preschool education.

Executives

Gu Qun	Directors, executives
Xu Hong Bin	Directors, executives
Wang Jin	Executives
Chen Bai Lin	Director
Zhou Wei Li	Supervisors
Wang Da Peng	Executives
Qiu Xiao Bin	Directors, executives
Ying Yan Ping	Supervisors
Zhang Chen Yang	Director

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