Xi'an Haitian Antenna Technologies Co (HKSE:08227) Effective Interest Rate on Debt % : 39.13% (As of Dec. 2023)

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What is Xi'an Haitian Antenna Technologies Co 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. Xi'an Haitian Antenna Technologies Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$2.40 Mil. Xi'an Haitian Antenna Technologies Co's average total debt for the quarter that ended in Dec. 2023 was HK$6.13 Mil. Therefore, Xi'an Haitian Antenna Technologies Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 39.13%.

Xi'an Haitian Antenna Technologies Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Xi'an Haitian Antenna Technologies Co'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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Xi'an Haitian Antenna Technologies Co Effective Interest Rate on Debt % Chart

Xi'an Haitian Antenna Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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142.05

3.08

4.68

5.10

7.80

Xi'an Haitian Antenna Technologies Co 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															6.25	3.13	3.41	3.74	39.13

Competitive Comparison of Xi'an Haitian Antenna Technologies Co's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Xi'an Haitian Antenna Technologies Co'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.

Xi'an Haitian Antenna Technologies Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Xi'an Haitian Antenna Technologies Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Xi'an Haitian Antenna Technologies Co's Effective Interest Rate on Debt % falls into.

Xi'an Haitian Antenna Technologies Co Effective Interest Rate on Debt % Calculation

Xi'an Haitian Antenna Technologies Co'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 * -0.819	/	( (14.879	+	6.117)	/ 2 )
=	-1 * -0.819	/	10.498
=	7.80 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.021	+	13.858
=	14.879

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.405	+	5.712
=	6.117

Xi'an Haitian Antenna Technologies Co'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 * -2.4	/	( (6.149	+	6.117)	/ 2 )
=	-1 * -2.4	/	6.133
=	39.13 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.496	+	5.653
=	6.149

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.405	+	5.712
=	6.117

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.

Xi'an Haitian Antenna Technologies Co (HKSE:08227) Effective Interest Rate on Debt % Explanation

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

Xi'an Haitian Antenna Technologies Co Effective Interest Rate on Debt % Related Terms

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Xi'an Haitian Antenna Technologies Co (HKSE:08227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xi'an Haitian Antenna Technologies Co Ltd (HKSE:08227) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.25 Shuoshi Road, Hi-tech Industrial Development Zone, Shaanxi Province, Xi’an, CHN

Website

http://www.xaht.com

Xi'an Haitian Antenna Technologies Co Ltd is mainly engaged in the manufacturing of communication equipment and also the sale of poultry products. The company operates in four segments based on its sales: Antenna products & provision of related services, Underwater monitoring products & related products, Aircraft products, and Agricultural products. Its product portfolio includes underwater imaging, underwater machinery, drones, avionics imaging, monitoring, automotive electronics, mechanical equipment, and others. The majority is from the Antenna products & provision of related services.

Executives

Hongkong Jinsheng Enterprise Co.,limited	2101 Beneficial owner
Wang Bing	2201 Interest of corporation controlled by you
Chen Wei	2101 Beneficial owner
Huang Lihou	2101 Beneficial owner
Oceanic Bliss Holdings Limited	2101 Beneficial owner

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