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Xiaomi (HKSE:01810) Effective Interest Rate on Debt % : 6.15% (As of Dec. 2023)


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What is Xiaomi 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. Xiaomi's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$1,823 Mil. Xiaomi's average total debt for the quarter that ended in Dec. 2023 was HK$29,632 Mil. Therefore, Xiaomi's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.15%.

Xiaomi Effective Interest Rate on Debt % Historical Data

The historical data trend for Xiaomi'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.

* Premium members only.

Xiaomi Effective Interest Rate on Debt % Chart

Xiaomi Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 3.55 18.73 11.70 3.79 5.51

Xiaomi Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 10.78 18.46 4.29 1.52 6.15

Competitive Comparison of Xiaomi's Effective Interest Rate on Debt %

For the Consumer Electronics subindustry, Xiaomi'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.

Xiaomi's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Xiaomi's Effective Interest Rate on Debt % distribution charts can be found below:

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


Xiaomi Effective Interest Rate on Debt % Calculation

Xiaomi'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  *  -1701.887/( (29097.264+32622.514)/ 2 )
=-1  *  -1701.887/30859.889
=5.51 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25637.533 + 3459.731
=29097.264

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25080.485 + 7542.029
=32622.514

Xiaomi'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: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -1822.692/( (26640.843+32622.514)/ 2 )
=-1  *  -1822.692/29631.6785
=6.15 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24430.181 + 2210.662
=26640.843

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25080.485 + 7542.029
=32622.514

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

Xiaomi  (HKSE:01810) Effective Interest Rate on Debt % Explanation

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

Xiaomi Effective Interest Rate on Debt % Related Terms

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Xiaomi (HKSE:01810) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiaomi Corp (HKSE:01810) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:00751 HKSE:01070 HKSE:01401 HKSE:01692 HKSE:02369 HKSE:00099 HKSE:01143 HKSE:08005 HKSE:00912 HKSE:00320 AAPL XKRX:005930 TSE:6758 TSE:6752 XKRX:066570 XKRX:003550 SZSE:002241 SHSE:603296 SZSE:300866 SHSE:600060
Traded in Other Exchanges
XIACY:USA XIACF:USA 1810:Mexico 3CPA:Germany 3CP:Germany 3CPA:Germany 3CP:Germany 3CP:Germany
Address
Anningzhuang Road, Xiaomi Campus, Haidian District, Beijing, CHN
Website
https://www.mi.com
Xiaomi is a technology product and services company founded in early 2010, focusing mainly on smartphones and Internet of Things products and related internet services. An early adopter of online smartphone sales, Xiaomi uses Android as its operating system but has its own customized user interface called MIUI. As competition in its home Chinese smartphone market intensified and growth has slowed, it has expanded into other markets and has become the smartphone market leader in India and is gaining market share in Europe. From 2020 to 2022, from a country perspective, around 50% of its overall revenue was generated in mainland China, down from 94% in 2015. The company listed on the Hong Kong market at the beginning of July 2018.
Executives
Lei Jun 2307 Founder of a discretionary trust who can infl
Lin Bin 2301 Trustee
Ark Trust (hong Kong) Limited 2301 Trustee
Apex Star Llc 2101 Beneficial owner
Parkway Global Holdings Limited 2201 Interest of corporation controlled by you
Sunrise Vision Holdings Limited 2201 Interest of corporation controlled by you
Smart Mobile Holdings Limited 2101 Beneficial owner
Morningside Group International Limited 2201 Interest of corporation controlled by you
Morningside Venture (vii) Investments Limited 2201 Interest of corporation controlled by you
Morningside Ventures Limited 2201 Interest of corporation controlled by you
Morningside-springfield Group Limited 2201 Interest of corporation controlled by you

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