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Guangdong Hallsmart Intelligence Technology (BJSE:870726) Effective Interest Rate on Debt % : 4.61% (As of Mar. 2024)


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What is Guangdong Hallsmart Intelligence 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. Guangdong Hallsmart Intelligence Technology's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0.5 Mil. Guangdong Hallsmart Intelligence Technology's average total debt for the quarter that ended in Mar. 2024 was ¥10.2 Mil. Therefore, Guangdong Hallsmart Intelligence Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.61%.


Guangdong Hallsmart Intelligence Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Guangdong Hallsmart Intelligence 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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Guangdong Hallsmart Intelligence Technology Effective Interest Rate on Debt % Chart

Guangdong Hallsmart Intelligence Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 4.81 4.73 4.50 3.64 5.87

Guangdong Hallsmart Intelligence Technology Quarterly Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.75 4.77 4.47 4.76 4.61

Competitive Comparison of Guangdong Hallsmart Intelligence Technology's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Guangdong Hallsmart Intelligence 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.


Guangdong Hallsmart Intelligence Technology's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong Hallsmart Intelligence Technology's Effective Interest Rate on Debt % distribution charts can be found below:

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



Guangdong Hallsmart Intelligence Technology Effective Interest Rate on Debt % Calculation

Guangdong Hallsmart Intelligence Technology's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -1.907/( (45+20.029)/ 2 )
=-1  *  -1.907/32.5145
=5.87 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 20.029
=20.029

Guangdong Hallsmart Intelligence Technology'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  *  -0.468/( (10.158+10.158)/ 2 )
=-1  *  -0.468/10.158
=4.61 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 10.158
=10.158

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 10.158
=10.158

* 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.

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.


Guangdong Hallsmart Intelligence Technology  (BJSE:870726) Effective Interest Rate on Debt % Explanation

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


Guangdong Hallsmart Intelligence Technology Effective Interest Rate on Debt % Related Terms

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Guangdong Hallsmart Intelligence Technology (BJSE:870726) Business Description

Traded in Other Exchanges
N/A
Address
West of the intersection of Guangzhan Road, Guandu Town, Potou District, Guangdong Province, Zhanjiang City, CHN, 524051
Guangdong Hallsmart Intelligence Technology Corp Ltd engages in research and development, production, and sales of small household appliances such as rice cookers, slow cookers, pressure cookers, and baking products.

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