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Cheetah Net Supply Chain Service (Cheetah Net Supply Chain Service) Effective Interest Rate on Debt % : 10.23% (As of Mar. 2024)


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What is Cheetah Net Supply Chain Service 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. Cheetah Net Supply Chain Service's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.25 Mil. Cheetah Net Supply Chain Service's average total debt for the quarter that ended in Mar. 2024 was $2.46 Mil. Therefore, Cheetah Net Supply Chain Service's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.23%.

Cheetah Net Supply Chain Service Effective Interest Rate on Debt % Historical Data

The historical data trend for Cheetah Net Supply Chain Service'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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Cheetah Net Supply Chain Service Effective Interest Rate on Debt % Chart

Cheetah Net Supply Chain Service Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
7.04 18.12 16.60

Cheetah Net Supply Chain Service Quarterly Data
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 17.86 17.23 17.33 18.42 10.23

Competitive Comparison of Cheetah Net Supply Chain Service's Effective Interest Rate on Debt %

For the Auto & Truck Dealerships subindustry, Cheetah Net Supply Chain Service'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.

Cheetah Net Supply Chain Service's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cheetah Net Supply Chain Service's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Cheetah Net Supply Chain Service's Effective Interest Rate on Debt % falls into.


Cheetah Net Supply Chain Service Effective Interest Rate on Debt % Calculation

Cheetah Net Supply Chain Service'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  *  -1.235/( (12.17+2.71)/ 2 )
=-1  *  -1.235/7.44
=16.60 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.678 + 11.492
=12.17

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.796 + 1.914
=2.71

Cheetah Net Supply Chain Service'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  *  -0.252/( (2.71+2.217)/ 2 )
=-1  *  -0.252/2.4635
=10.23 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.796 + 1.914
=2.71

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.271 + 0.946
=2.217

* 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.

Cheetah Net Supply Chain Service  (NAS:CTNT) Effective Interest Rate on Debt % Explanation

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

Cheetah Net Supply Chain Service Effective Interest Rate on Debt % Related Terms

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Cheetah Net Supply Chain Service (Cheetah Net Supply Chain Service) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cheetah Net Supply Chain Service Inc (NAS:CTNT) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
N/A
Address
6201 Fairview Road, Suite 225, Charlotte, NC, USA, 28210
Website
Cheetah Net Supply Chain Service Inc is a supplier of parallel-import vehicles sourced in the U.S. to be sold in the China market. The parallel-import vehicles refer to those purchased by dealers directly from overseas markets and imported for sale through channels other than brand manufacturers' official distribution systems. The company purchases automobiles, primarily luxury brands such as Mercedes, BMW, Porsche, Lexus, and Bentley, from the U.S. market and resell them to customers, including both U.S. and PRC parallel-import car dealers. It derive profits primarily from the price difference between our buying and selling prices for parallel-import vehicles.
Executives
Catherine Chen director ONE MILE WEST OF GUANRI, HULI DISTRICT, XIAMEN F4 361000
Huoyuan Chen 10 percent owner QUNZHONGXINCUN VILLAGE, TAIJIANG DIST., 207 BLOCK 5, FUZHOU F4 350000
Adam Eilenberg director 335 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10017
Walter Penn Folker officer: Vice President of Procurement 7353 BEDFORDSHIRE DRIVE, CHARLOTTE NC 28226
Xianggeng Huang director, 10 percent owner 12-8, A2#BLDG, WANDA PLAZA II, NO.8 AOJIANG RD., AOFENG ST., TAIJIANG, FUZHOU F4 350000
Xiaolin Tang 10 percent owner RM 401, BLDG 25, MOON BAY GARDEN, DONGSHAN ST., JIANGNING DIST., NANJING F4 211100
Yan Xiao 10 percent owner LANGYUAN 2-3001, XINGHEWAN COMM., SIJI XINGHE MID ST., CHAOYANG N. RD., BEIJING F4 100000
Ying-chang Yuan 10 percent owner 4752 MOUNT ROYAL LN, CHARLOTTE NC 28210
Vladimir Gavrilovic director 70 ELM STREET, APT 1, NORTH ARLINGTON NJ 07031
Huan Liu director, 10 percent owner, officer: See Remarks 6201 FAIRVIEW RD, STE 225, CHARLOTTE NC 28210