Hesai Group (Hesai Group) Effective Interest Rate on Debt % : 1.53% (As of Mar. 2024)

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What is Hesai Group 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. Hesai Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1.3 Mil. Hesai Group's average total debt for the quarter that ended in Mar. 2024 was $82.9 Mil. Therefore, Hesai Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.53%.

Hesai Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Hesai Group'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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Hesai Group Effective Interest Rate on Debt % Chart

Hesai Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

0.98

Hesai Group Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								1.22	0.86	1.38	0.74	1.53

Competitive Comparison of Hesai Group's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Hesai Group'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.

Hesai Group's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hesai Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Hesai Group Effective Interest Rate on Debt % Calculation

Hesai Group'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 * -0.43	/	( (9.121	+	78.323)	/ 2 )
=	-1 * -0.43	/	43.722
=	0.98 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.104	+	5.017
=	9.121

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56.765	+	21.558
=	78.323

Hesai Group'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 * -1.268	/	( (78.323	+	87.527)	/ 2 )
=	-1 * -1.268	/	82.925
=	1.53 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56.765	+	21.558
=	78.323

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61.377	+	26.15
=	87.527

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.

Hesai Group (NAS:HSAI) Effective Interest Rate on Debt % Explanation

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

Hesai Group Effective Interest Rate on Debt % Related Terms

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Hesai Group (Hesai Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hesai Group (NAS:HSAI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ZN80:Germany

Address

1588 Zhuguang Road, 9th Floor, Building L2-B, Qingpu District, Shanghai, CHN, 201702

Website

https://www.hesaitech.com

Hesai Group is engaged in the development, manufacture, and sales of three dimensional light detection and ranging solutions, or LiDAR. Its LiDAR products enable a broad spectrum of applications across passenger or commercial vehicles with advanced driver assistance systems, or ADAS, autonomous vehicle fleets providing passenger and freight mobility services, or Autonomous Mobility, and other applications such as last-mile delivery robots, street sweeping robots, and logistics robots in restricted areas, or Robotics. The Group organized its operations into two segments: the LiDAR segment and the gas detection segment.