Airmate (Cayman) International Co (TPE:1626) Effective Interest Rate on Debt % : 1.10% (As of Sep. 2024)

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What is Airmate (Cayman) International 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. Airmate (Cayman) International Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was NT$27 Mil. Airmate (Cayman) International Co's average total debt for the quarter that ended in Sep. 2024 was NT$2,501 Mil. Therefore, Airmate (Cayman) International Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 1.10%.

Airmate (Cayman) International Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Airmate (Cayman) International 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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Airmate (Cayman) International Co Effective Interest Rate on Debt % Chart

Airmate (Cayman) International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.55

1.50

0.98

1.08

1.63

Airmate (Cayman) International Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.70	1.75	1.86	1.85	1.10

Competitive Comparison of Airmate (Cayman) International Co's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Airmate (Cayman) International 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.

Airmate (Cayman) International Co's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Airmate (Cayman) International Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Airmate (Cayman) International Co's Effective Interest Rate on Debt % falls into.

Airmate (Cayman) International Co Effective Interest Rate on Debt % Calculation

Airmate (Cayman) International 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 * -35.911	/	( (2343.291	+	2055.952)	/ 2 )
=	-1 * -35.911	/	2199.6215
=	1.63 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2343.291
=	2343.291

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2055.952
=	2055.952

Airmate (Cayman) International Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -27.388	/	( (2360.77	+	2640.237)	/ 2 )
=	-1 * -27.388	/	2500.5035
=	1.10 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2360.77
=	2360.77

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2640.237
=	2640.237

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 (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Airmate (Cayman) International Co (TPE:1626) Effective Interest Rate on Debt % Explanation

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

Airmate (Cayman) International Co Effective Interest Rate on Debt % Related Terms

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Airmate (Cayman) International Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Airmate (Cayman) International Co Ltd (TPE:1626) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cricket Square, Hutchins Drive, P.O.Box 2681, Century Yard, George Town, British West Indies, Grand Cayman, CYM

Website

https://www.airmate-china.com

Airmate (Cayman) International Co Ltd is engaged in the design, development, manufacture, and sale of electrical fans and heaters. The company's product consists of electric fans, heaters, home appliances such as air purifiers, humidifiers, dehumidifiers, induction cookers, and steamers, as well as residential appliances including ventilators, commercial engineering fans, power converters, and many more. In addition, it also exports its products to various countries. The company's key revenue is from the domestic sales market. It also offers precision mold treatment. It has operations in China, Japan, South Korea, and Others. It derives the majority of its revenue from China.

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