J-Long Group (J-Long Group) Effective Interest Rate on Debt % : 3.66% (As of Mar. 2023)

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What is J-Long 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. J-Long Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $0.14 Mil. J-Long Group's average total debt for the quarter that ended in Mar. 2023 was $3.71 Mil. Therefore, J-Long Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 3.66%.

J-Long Group Effective Interest Rate on Debt % Historical Data

The historical data trend for J-Long 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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J-Long Group Effective Interest Rate on Debt % Chart

J-Long Group Annual Data

Trend

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

1.01

1.88

3.66

J-Long Group Semi-Annual Data
	Mar21	Mar22	Mar23
Effective Interest Rate on Debt %	1.01	1.88	3.66

Competitive Comparison of J-Long Group's Effective Interest Rate on Debt %

For the Apparel Manufacturing subindustry, J-Long 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.

J-Long Group's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, J-Long Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

J-Long Group Effective Interest Rate on Debt % Calculation

J-Long Group'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 * -0.136	/	( (4.33	+	3.096)	/ 2 )
=	-1 * -0.136	/	3.713
=	3.66 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.957	+	1.373
=	4.33

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.103	+	0.993
=	3.096

J-Long Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -0.136	/	( (4.33	+	3.096)	/ 2 )
=	-1 * -0.136	/	3.713
=	3.66 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.957	+	1.373
=	4.33

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.103	+	0.993
=	3.096

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

J-Long Group (NAS:JL) Effective Interest Rate on Debt % Explanation

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

J-Long Group Effective Interest Rate on Debt % Related Terms

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J-Long Group (J-Long Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » J-Long Group Ltd (NAS:JL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

32-40 Wang Lung Street, Flat F, 8th Floor, Houston Industrial Building, Tsuen Wan New Territories, Hong Kong, HKG

Website

https://www.j-long.com

J-Long Group Ltd is an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. It also offers a wide range of apparel solution services to cater to its customers' needs for reflective and non-reflective garment trims, ranging from market trend analysis, product design and development and production to quality control.

J-Long Group (J-Long Group) Headlines

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