Precision Tsugami (China) (HKSE:01651) Effective Interest Rate on Debt % : 30.10% (As of Sep. 2023)

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What is Precision Tsugami (China) 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. Precision Tsugami (China)'s annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was HK$1 Mil. Precision Tsugami (China)'s average total debt for the quarter that ended in Sep. 2023 was HK$4 Mil. Therefore, Precision Tsugami (China)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 30.10%.

Precision Tsugami (China) Effective Interest Rate on Debt % Historical Data

The historical data trend for Precision Tsugami (China)'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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Precision Tsugami (China) Effective Interest Rate on Debt % Chart

Precision Tsugami (China) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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2.54

32.67

15.28

4.49

Precision Tsugami (China) Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												14.07	8.42	0.89	34.65	30.10

Competitive Comparison of Precision Tsugami (China)'s Effective Interest Rate on Debt %

For the Tools & Accessories subindustry, Precision Tsugami (China)'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.

Precision Tsugami (China)'s Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Precision Tsugami (China)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Precision Tsugami (China)'s Effective Interest Rate on Debt % falls into.

Precision Tsugami (China) Effective Interest Rate on Debt % Calculation

Precision Tsugami (China)'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.768	/	( (30.621	+	3.597)	/ 2 )
=	-1 * -0.768	/	17.109
=	4.49 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.365	+	29.256
=	30.621

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.639	+	1.958
=	3.597

Precision Tsugami (China)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -1.3	/	( (3.597	+	5.04)	/ 2 )
=	-1 * -1.3	/	4.3185
=	30.10 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.639	+	1.958
=	3.597

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.618	+	2.422
=	5.04

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Precision Tsugami (China) (HKSE:01651) Effective Interest Rate on Debt % Explanation

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

Precision Tsugami (China) Effective Interest Rate on Debt % Related Terms

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Precision Tsugami (China) (HKSE:01651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Precision Tsugami (China) Corp Ltd (HKSE:01651) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

No. 2001 Pingcheng Road, Pinghu Economic-Technological Development Zone, Zhejiang Province, Pinghu, CHN, 314200

Website

https://www.tsugami.com.cn

Precision Tsugami (China) Corp Ltd is engaged in the manufacturing and distribution of computer numerical control (CNC) high precision machine tools; and the provision of commercial consultation services. It manufactures and sells CNC machine tools including Precision lathes, Precision machining centres, Precision thread and form rolling machines and Precision grinding machines under the TSUGAMI brand. The company only has one reportable operating segment which is the manufacture and sale of high precision CNC machine tools. Its products are mainly for the Chinese market and are also sold to Japan, Europe, the US, Southeast Asia and other countries.

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