Nano Labs (Nano Labs) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Nano Labs 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. Nano Labs's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Nano Labs's average total debt for the quarter that ended in Dec. 2023 was $15.58 Mil. Therefore, Nano Labs's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Nano Labs Effective Interest Rate on Debt % Historical Data

The historical data trend for Nano Labs'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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Nano Labs Effective Interest Rate on Debt % Chart

Nano Labs Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

0.11

7.88

1.05

Nano Labs Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Nano Labs's Effective Interest Rate on Debt %

For the Semiconductors subindustry, Nano Labs'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.

Nano Labs's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

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

Nano Labs Effective Interest Rate on Debt % Calculation

Nano Labs'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 * -0.129	/	( (3.394	+	21.131)	/ 2 )
=	-1 * -0.129	/	12.2625
=	1.05 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.752	+	0.642
=	3.394

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.365	+	3.766
=	21.131

Nano Labs'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (10.034	+	21.131)	/ 2 )
=	-1 * 0	/	15.5825
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.286	+	0.748
=	10.034

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.365	+	3.766
=	21.131

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.

Nano Labs (NAS:NA) Effective Interest Rate on Debt % Explanation

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

Nano Labs Effective Interest Rate on Debt % Related Terms

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Nano Labs (Nano Labs) Business Description

Industry

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Address

No. 29, East Jiefang Road, 30th Floor, Dikaiyinzuo, Zhejiang, Hangzhou, CHN

Website

https://www.nano.cn

Nano Labs Ltd operates as a fabless IC design company and product solution provider in China. It engages in the development of HTC chips, HPC chips, distributed computing and storage solutions, smart-NICs, vision computing chips, and distributed rendering. Its products comprise Cuckoo 1.0 Chip, Cuckoo 2.0 Chip, and Darkbird 1.0 Chip. Majority of the company revenue comes from China.