ArcherMind Technology (Nanjing) Co (SZSE:300598) Effective Interest Rate on Debt % : 3.39% (As of Jun. 2024)

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What is ArcherMind Technology (Nanjing) 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. ArcherMind Technology (Nanjing) Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ¥11 Mil. ArcherMind Technology (Nanjing) Co's average total debt for the quarter that ended in Jun. 2024 was ¥311 Mil. Therefore, ArcherMind Technology (Nanjing) Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 3.39%.

ArcherMind Technology (Nanjing) Co Effective Interest Rate on Debt % Historical Data

The historical data trend for ArcherMind Technology (Nanjing) 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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ArcherMind Technology (Nanjing) Co Effective Interest Rate on Debt % Chart

ArcherMind Technology (Nanjing) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.31

4.60

5.16

4.82

5.11

ArcherMind Technology (Nanjing) 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															4.67	4.59	4.94	4.01	3.39

Competitive Comparison of ArcherMind Technology (Nanjing) Co's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, ArcherMind Technology (Nanjing) 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.

ArcherMind Technology (Nanjing) Co's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, ArcherMind Technology (Nanjing) Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where ArcherMind Technology (Nanjing) Co's Effective Interest Rate on Debt % falls into.

ArcherMind Technology (Nanjing) Co Effective Interest Rate on Debt % Calculation

ArcherMind Technology (Nanjing) 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 * -20.561	/	( (328.625	+	476.817)	/ 2 )
=	-1 * -20.561	/	402.721
=	5.11 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.527	+	319.098
=	328.625

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.959	+	468.858
=	476.817

ArcherMind Technology (Nanjing) 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 * -10.54	/	( (325.65	+	295.841)	/ 2 )
=	-1 * -10.54	/	310.7455
=	3.39 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.1	+	320.55
=	325.65

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.383	+	290.458
=	295.841

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.

ArcherMind Technology (Nanjing) Co (SZSE:300598) Effective Interest Rate on Debt % Explanation

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

ArcherMind Technology (Nanjing) Co Effective Interest Rate on Debt % Related Terms

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ArcherMind Technology (Nanjing) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ArcherMind Technology (Nanjing) Co Ltd (SZSE:300598) » Definitions » Effective Interest Rate on Debt %

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Address

No. 19 Ningshuang Road, Yuhuatai District, Building B, Nanjing, Jiangsu, Nanjing, CHN, 210012

Website

https://www.archermind.com

ArcherMind Technology (Nanjing) Co Ltd is a China-based company engaged in offering software research, development, and consulting service in the fields of mobile devices and internet software. It provides solutions in the fields of Intelligent terminals, Smart automotive, Internet of Things (IoT) and Mobile internet. In Intelligent terminals, the company provides solutions for smartphone, tablet and virtual reality. Smart automotive comprise solutions such as digital cluster, automotive infotainment, intelligent cloud mirror, and smart cockpit. IoT solutions offer solutions for healthcare, home, kitchen and bath, whereas Mobile internet involves finance solutions. The company has a business presence around the world.

Executives

Wang Kun	Directors, executives
Wang Jin Feng	Directors, executives
Huang Hai Yan	Directors, executives
Liu He Yi	Director
Liu Yong	Independent director

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