Shenmao Technology (TPE:3305) Effective Interest Rate on Debt % : 2.50% (As of Sep. 2024)

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What is Shenmao Technology 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. Shenmao Technology's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was NT$82 Mil. Shenmao Technology's average total debt for the quarter that ended in Sep. 2024 was NT$3,261 Mil. Therefore, Shenmao Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 2.50%.

Shenmao Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Shenmao Technology'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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Shenmao Technology Effective Interest Rate on Debt % Chart

Shenmao Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.11

1.13

1.16

1.95

2.05

Shenmao Technology 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															2.28	2.33	2.30	2.41	2.50

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

For the Electronic Components subindustry, Shenmao Technology'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.

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

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

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

Shenmao Technology Effective Interest Rate on Debt % Calculation

Shenmao Technology'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 * -54.338	/	( (2485.068	+	2814.893)	/ 2 )
=	-1 * -54.338	/	2649.9805
=	2.05 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	239.009	+	2246.059
=	2485.068

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	757.388	+	2057.505
=	2814.893

Shenmao Technology'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 * -81.544	/	( (2898.477	+	3624.3)	/ 2 )
=	-1 * -81.544	/	3261.3885
=	2.50 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	763.501	+	2134.976
=	2898.477

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	767.246	+	2857.054
=	3624.3

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.

Shenmao Technology (TPE:3305) Effective Interest Rate on Debt % Explanation

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

Shenmao Technology Effective Interest Rate on Debt % Related Terms

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Shenmao Technology Business Description

Industry

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Address

No. 665, Datan North Road, Guanyin District, Taoyuan, TWN, 32841

Website

http://www.shenmao.com

Shenmao Technology Inc and its subsidiaries manufactures and sells solder wire, solder bar, BGA solder ball, and solder paste, and also sells them to downstream manufacturers of electronic computers, network communications, and consumer electronics products. The company has its geographic presence in Taiwan, Mainland China, and other countries.

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