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Haoxi Health Technology (Haoxi Health Technology) Effective Interest Rate on Debt % : 3.63% (As of Dec. 2023)


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What is Haoxi Health 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. Haoxi Health Technology's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.03 Mil. Haoxi Health Technology's average total debt for the quarter that ended in Dec. 2023 was $0.94 Mil. Therefore, Haoxi Health Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.63%.

Haoxi Health Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Haoxi Health 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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Haoxi Health Technology Effective Interest Rate on Debt % Chart

Haoxi Health Technology Annual Data
Trend Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
1.49 2.38 3.10

Haoxi Health Technology Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial 2.39 1.98 2.71 4.06 3.63

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

For the Advertising Agencies subindustry, Haoxi Health 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.

Haoxi Health Technology's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Haoxi Health Technology's Effective Interest Rate on Debt % distribution charts can be found below:

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


Haoxi Health Technology Effective Interest Rate on Debt % Calculation

Haoxi Health Technology's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -0.021/( (0.505+0.85)/ 2 )
=-1  *  -0.021/0.6775
=3.10 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.505
=0.505

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.249 + 0.601
=0.85

Haoxi Health Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -0.034/( (0.85+1.022)/ 2 )
=-1  *  -0.034/0.936
=3.63 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.249 + 0.601
=0.85

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.254 + 0.768
=1.022

* 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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Haoxi Health Technology  (NAS:HAO) Effective Interest Rate on Debt % Explanation

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

Haoxi Health Technology Effective Interest Rate on Debt % Related Terms

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Haoxi Health Technology (Haoxi Health Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Haoxi Health Technology Ltd (NAS:HAO) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
Traded in Other Exchanges
N/A
Address
Anli Road, Room 801, Tower C, Floor 8, Building 103, Huizhongli, Chaoyang, Beijing, CHN
Website
https://www.haoximedia.com
Haoxi Health Technology Ltd is an online marketing solution provider in China, with an advertiser client base mainly in the healthcare industry. Haoxi has been rooted in the field of local online effect marketing for many years, serving leading customers in various industries at home and abroad, and its main business is the medical industry. It generates its revenue by providing one-stop online marketing solutions, in particular online short video marketing solutions, to advertisers through its media partners. The company provides customized marketing solutions by planning, producing, placing, and optimizing online ads, especially online short video ads, to help its advertisers acquire, convert, and retain ultimate consumers on various online media platforms.

Haoxi Health Technology (Haoxi Health Technology) Headlines

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