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Shanghai Guao Electronic Technology Co (SZSE:300551) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Shanghai Guao Electronic 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. Shanghai Guao Electronic Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Shanghai Guao Electronic Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥73.3 Mil. Therefore, Shanghai Guao Electronic Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.


Shanghai Guao Electronic Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shanghai Guao Electronic 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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Shanghai Guao Electronic Technology Co Effective Interest Rate on Debt % Chart

Shanghai Guao Electronic 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 -0.08 4.18 2.42 1.13 0.56

Shanghai Guao Electronic Technology 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 1.53 - 1.75 - -

Competitive Comparison of Shanghai Guao Electronic Technology Co's Effective Interest Rate on Debt %

For the Business Equipment & Supplies subindustry, Shanghai Guao Electronic 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.


Shanghai Guao Electronic Technology Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Guao Electronic Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Shanghai Guao Electronic Technology Co Effective Interest Rate on Debt % Calculation

Shanghai Guao Electronic 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  *  -0.425/( (83.783+69.024)/ 2 )
=-1  *  -0.425/76.4035
=0.56 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=67.842 + 15.941
=83.783

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=45.4 + 23.624
=69.024

Shanghai Guao Electronic Technology 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  *  0/( (69.024+77.616)/ 2 )
=-1  *  0/73.32
=0.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=45.4 + 23.624
=69.024

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=44.364 + 33.252
=77.616

* 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.


Shanghai Guao Electronic Technology Co  (SZSE:300551) Effective Interest Rate on Debt % Explanation

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


Shanghai Guao Electronic Technology Co Effective Interest Rate on Debt % Related Terms

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Shanghai Guao Electronic Technology Co (SZSE:300551) Business Description

Traded in Other Exchanges
N/A
Address
No.6, Alley 1225 TongPu Road, PuTuo District, Shanghai, CHN, 200333
Shanghai Guao Electronic Technology Co Ltd is a high-tech enterprise specializing in research and development, production, sales and service of financial equipment in China. Its products portfolio includes banknote (coin) sorting machine, the banknote clearing line, the RMB point detector, the multi-country currency point detector, the banknote clearing and laminating machine, the banknote machine, the multi-country currency identification instrument, and the clearing machine.
Executives
Hou Yao Qi Director
Chen Chong Jun Director
Li Rui Ming Executives
Zhang Xiang Yu Directors, executives
Jiang Xiao Dan Directors, executives
Liu Peng Securities Affairs Representative

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