Wanma Technology Co (SZSE:300698) Effective Interest Rate on Debt % : 4.79% (As of Mar. 2024)

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What is Wanma 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. Wanma Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥3.7 Mil. Wanma Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥77.2 Mil. Therefore, Wanma Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.79%.

Wanma Technology Co Effective Interest Rate on Debt % Historical Data

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

Wanma Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.72

2.85

5.55

7.55

5.31

Wanma 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															9.30	4.70	4.62	6.02	4.79

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

For the Communication Equipment subindustry, Wanma 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.

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

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

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

Wanma Technology Co Effective Interest Rate on Debt % Calculation

Wanma 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 * -3.502	/	( (44.851	+	86.98)	/ 2 )
=	-1 * -3.502	/	65.9155
=	5.31 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.853	+	42.998
=	44.851

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	86.98
=	86.98

Wanma 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 * -3.7	/	( (86.98	+	67.452)	/ 2 )
=	-1 * -3.7	/	77.216
=	4.79 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	86.98
=	86.98

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	67.452
=	67.452

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.

Wanma Technology Co (SZSE:300698) Effective Interest Rate on Debt % Explanation

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

Wanma Technology Co Effective Interest Rate on Debt % Related Terms

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Wanma Technology Co (SZSE:300698) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wanma Technology Co Ltd (SZSE:300698) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Wanma Industrial Area, Taihuyuan Town, Lin'an District, Zhejiang Province, Hangzhou, CHN, 311306

Website

http://www.wanma-tech.cn

Wanma Technology Co Ltd is the communications equipment manufacturing company. The principal business activities of the company include development, production, system integration and sales of communication and information equipment. Its products include communications network wiring and information cabinet products and medical information products. Its cabinet products are widely used in communication networks, cloud platform IDC equipment rooms, railway communication networks and urban rail transit communication networks. Its medical information products are mainly used in domestic hospitals.

Executives

Ma Ya Jun	Executives
Xu Ya Guo	Executives
Jiang Yan Jun	Supervisors
Wu Xi Qun	Executives
Yang Yi Qian	Directors, executives
Sheng Tao	Director
Weng Lin Wei	Executives
Shao Guo Jiang	Supervisors

Wanma Technology Co (SZSE:300698) Headlines

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