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NiSun International Enterprise Development Group Co (NiSun International Enterprise Development Group Co) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2023)


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What is NiSun International Enterprise Development Group 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. NiSun International Enterprise Development Group Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $0.0 Mil. NiSun International Enterprise Development Group Co's average total debt for the quarter that ended in Jun. 2023 was $7.6 Mil. Therefore, NiSun International Enterprise Development Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 0.00%.


NiSun International Enterprise Development Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for NiSun International Enterprise Development Group 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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NiSun International Enterprise Development Group Co Effective Interest Rate on Debt % Chart

NiSun International Enterprise Development Group Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.27 6.71 - - -

NiSun International Enterprise Development Group Co Quarterly Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Dec22 Jun23
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Competitive Comparison of NiSun International Enterprise Development Group Co's Effective Interest Rate on Debt %

For the Credit Services subindustry, NiSun International Enterprise Development Group 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.


NiSun International Enterprise Development Group Co's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, NiSun International Enterprise Development Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where NiSun International Enterprise Development Group Co's Effective Interest Rate on Debt % falls into.



NiSun International Enterprise Development Group Co Effective Interest Rate on Debt % Calculation

NiSun International Enterprise Development Group Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  0/( (11.8+11.899)/ 2 )
=-1  *  0/11.8495
=0.00 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.149 + 11.651
=11.8

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.426 + 9.473
=11.899

NiSun International Enterprise Development Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  0/( (11.899+3.362)/ 2 )
=-1  *  0/7.6305
=0.00 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.426 + 9.473
=11.899

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.884 + 1.478
=3.362

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


NiSun International Enterprise Development Group Co  (NAS:NISN) Effective Interest Rate on Debt % Explanation

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


NiSun International Enterprise Development Group Co Effective Interest Rate on Debt % Related Terms

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NiSun International Enterprise Development Group Co (NiSun International Enterprise Development Group Co) Business Description

Traded in Other Exchanges
N/A
Address
No. 55 Loushanguan Road, Floor 20-21, New Hongqiao Building, Changning District, Shanghai, CHN
NiSun International Enterprise Development Group Co Ltd is technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, it provides users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of tech and finance institutions, enabling the industry to strengthen and grow. At the same time, Nisun continues to deepen the field of industry segmentation through industrial and financial integration, by cultivating/creating an ecosystem of openness and empowerment.
Executives
Apex Trading Group Inc 10 percent owner 181 SPADINA RD., RICHMOND HILL A6 L4B3C5