Nova Lifestyle (Nova Lifestyle) Effective Interest Rate on Debt % : 9.24% (As of Mar. 2024)

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What is Nova Lifestyle 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. Nova Lifestyle's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.20 Mil. Nova Lifestyle's average total debt for the quarter that ended in Mar. 2024 was $2.12 Mil. Therefore, Nova Lifestyle's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.24%.

Nova Lifestyle Effective Interest Rate on Debt % Historical Data

The historical data trend for Nova Lifestyle'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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Nova Lifestyle Effective Interest Rate on Debt % Chart

Nova Lifestyle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.84

5.76

10.92

6.71

7.08

Nova Lifestyle Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.07	7.19	7.92	8.73	9.24

Competitive Comparison of Nova Lifestyle's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Nova Lifestyle'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.

Nova Lifestyle's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nova Lifestyle's Effective Interest Rate on Debt % distribution charts can be found below:

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

Nova Lifestyle Effective Interest Rate on Debt % Calculation

Nova Lifestyle'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 * -0.176	/	( (2.857	+	2.112)	/ 2 )
=	-1 * -0.176	/	2.4845
=	7.08 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.121	+	0.736
=	2.857

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.41	+	0.702
=	2.112

Nova Lifestyle'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 * -0.196	/	( (2.112	+	2.132)	/ 2 )
=	-1 * -0.196	/	2.122
=	9.24 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.41	+	0.702
=	2.112

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.244	+	0.888
=	2.132

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.

Nova Lifestyle (NAS:NVFY) Effective Interest Rate on Debt % Explanation

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

Nova Lifestyle Effective Interest Rate on Debt % Related Terms

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Nova Lifestyle (Nova Lifestyle) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nova Lifestyle Inc (NAS:NVFY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

15N:Germany

Address

6565 East Washington Boulevard, Commerce, CA, USA, 90040

Website

https://www.novalifestyle.com

Nova Lifestyle Inc is a designer and lifestyle furniture company. It distributes and retails contemporary styled residential and commercial furniture. The firms marketing and sales platform offers retail as well as online selection and purchase fulfillment internationally. The company also sells managed a variety of bedding foundation components. Its collection of lifestyle furniture brands includes Diamond Sofa. The firm's products are made in the United States and Asia. Its customers mainly comprise distributors and retailers having specific geographic coverages that deploy middle to high-end private label home furnishings. The Company operates in one business and industry segment: the design and sale of furniture.

Executives

Umesh Patel	director	6565 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Min Su	director, officer: Corporate Secretary	C/O NOVA LIFESTYLE, INC., 6565 E WASHINGTON BLVD, COMMERCE CA 90040
Jeffrey Chuang	officer: Chief Financial Officer	C/O NOVA LIFESTYLE, INC., 6565 E. WASHINGTON BLVD, COMMERCE CA 90040
Steven Qiang Liu	10 percent owner	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Yuen Ching Ho	10 percent owner, officer: Chief Financial Officer	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Huy P La	director	6565 E WASHINGTON BLVD, COMMERCE CA 90040
Joyal St.	10 percent owner	6565 E WASHINGTON BLVD #518, COMMERCE CA 90040
Ya Ming Wong	director, 10 percent owner, officer: CEO and Chairman	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Thanh H Lam	director, officer: President	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Peter M Kam	director	6541 E WASHINGTON BLVD, COMMERCE CA 90040
Bin Liu	director	40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005
James R Talevich	director	20202 WINDROW DR, LAKE FOREST CA 92630
Michael J Viotto	director	444 E. HUNTINGTON DR., SUITE 105, ARCADIA CA 91006
Chung Shing Yam	director	6541 E WASHINGTON BLVD, COMMERCE CA 90040
Alex Li	director, 10 percent owner, officer: President & CEO	NO. 6 JIEFANGNAN LU, HEXI DISTRICT, TIANJIN F4 30000