Winner Technology Co (SZSE:300609) Effective Interest Rate on Debt % : 6.03% (As of Mar. 2024)

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What is Winner 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. Winner Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥3.4 Mil. Winner Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥56.4 Mil. Therefore, Winner Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.03%.

Winner Technology Co Effective Interest Rate on Debt % Historical Data

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

Winner Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.77

4.17

7.71

2.31

2.92

Winner 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															3.59	3.59	3.05	3.36	6.03

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

For the Software - Application subindustry, Winner 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.

Winner Technology Co's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Winner Technology Co Effective Interest Rate on Debt % Calculation

Winner 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 * -1.295	/	( (31.953	+	56.644)	/ 2 )
=	-1 * -1.295	/	44.2985
=	2.92 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.963	+	21.99
=	31.953

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.022	+	42.622
=	56.644

Winner 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 * -3.4	/	( (56.644	+	56.144)	/ 2 )
=	-1 * -3.4	/	56.394
=	6.03 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.022	+	42.622
=	56.644

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.106	+	43.038
=	56.144

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.

Winner Technology Co (SZSE:300609) Effective Interest Rate on Debt % Explanation

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

Winner Technology Co Effective Interest Rate on Debt % Related Terms

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Winner Technology Co (SZSE:300609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Winner Technology Co Inc (SZSE:300609) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 55, Zhangjiang Chuanhe Road, No. 6, China (Shanghai) Pilot Free Trade Zone, Pudong New Area, Shanghai, CHN, 201210

Website

https://www.winnerinf.com

Winner Technology Co Inc Formerly Winner Information Technology Inc is a Chinese company engaged in the big data business. It provides offline consumer entity consumer data collection and analysis. The solutions offered by the company includes smart shopping, wisdom store and data service. Wisdom stores acquire consumer and product information by combining video identification, Beacon\Wi-Fi\RFID and other data collection technologies and multimedia means.

Executives

Sun Wei Min	Directors, executives
Zhang Hong Jun	Directors, executives
Guo Hong Wei	Supervisors
Xue Hong Wei	Director

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