Cheche Group (Cheche Group) Effective Interest Rate on Debt % : 6.82% (As of Dec. 2022)

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What is Cheche Group 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. Cheche Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was $0.2 Mil. Cheche Group's average total debt for the quarter that ended in Dec. 2022 was $2.7 Mil. Therefore, Cheche Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 6.82%.

Cheche Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Cheche Group'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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Cheche Group Effective Interest Rate on Debt % Chart

Cheche Group Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

17.79

12.23

6.65

Cheche Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Dec23
Effective Interest Rate on Debt %	-	18.79	17.54	6.82	-

Competitive Comparison of Cheche Group's Effective Interest Rate on Debt %

For the Internet Content & Information subindustry, Cheche Group'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.

Cheche Group's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Cheche Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Cheche Group Effective Interest Rate on Debt % Calculation

Cheche Group'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 * -0.203	/	( (1.994	+	4.11)	/ 2 )
=	-1 * -0.203	/	3.052
=	6.65 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.893	+	1.101
=	1.994

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.756	+	3.354
=	4.11

Cheche Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Dec. 2022 ))	/ count )
=	-1 * -0.182	/	( (3.34	+	1.994)	/ 2 )
=	-1 * -0.182	/	2.667
=	6.82 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.58	+	2.76
=	3.34

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.893	+	1.101
=	1.994

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 two times the semi-annual (Dec. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Cheche Group (NAS:CCG) Effective Interest Rate on Debt % Explanation

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

Cheche Group Effective Interest Rate on Debt % Related Terms

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Cheche Group (Cheche Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cheche Group Inc (NAS:CCG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088

Website

https://www.chechegroup.com

Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

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