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Solargiga Energy Holdings (Solargiga Energy Holdings) Effective Interest Rate on Debt % : 5.28% (As of Dec. 2023)


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What is Solargiga Energy Holdings 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. Solargiga Energy Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $10 Mil. Solargiga Energy Holdings's average total debt for the quarter that ended in Dec. 2023 was $187 Mil. Therefore, Solargiga Energy Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.28%.


Solargiga Energy Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Solargiga Energy Holdings'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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Solargiga Energy Holdings Effective Interest Rate on Debt % Chart

Solargiga Energy Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.77 5.63 4.37 4.15 4.98

Solargiga Energy Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.63 3.57 3.23 5.46 5.28

Competitive Comparison of Solargiga Energy Holdings's Effective Interest Rate on Debt %

For the Solar subindustry, Solargiga Energy Holdings'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.


Solargiga Energy Holdings's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

* The bar in red indicates where Solargiga Energy Holdings's Effective Interest Rate on Debt % falls into.



Solargiga Energy Holdings Effective Interest Rate on Debt % Calculation

Solargiga Energy Holdings'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  *  -9.96/( (195.754+204.256)/ 2 )
=-1  *  -9.96/200.005
=4.98 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=16.418 + 179.336
=195.754

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.206 + 197.05
=204.256

Solargiga Energy Holdings'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  *  -9.894/( (170.236+204.256)/ 2 )
=-1  *  -9.894/187.246
=5.28 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.19 + 159.046
=170.236

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.206 + 197.05
=204.256

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


Solargiga Energy Holdings  (OTCPK:SEHLF) Effective Interest Rate on Debt % Explanation

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


Solargiga Energy Holdings Effective Interest Rate on Debt % Related Terms

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Solargiga Energy Holdings (Solargiga Energy Holdings) Business Description

Traded in Other Exchanges
Address
25 Harbour Road, Room 1402, Harbour Centre, Wanchai, Hong Kong, HKG
Solargiga Energy Holdings Ltd is a supplier of upstream and downstream solar energy services. It is involved in the manufacturing of, trading of and provision of processing services for polysilicon and monocrystalline silicon solar ingots, the manufacturing, and trading of semiconductor and monocrystalline silicon solar cells, the manufacturing and trading of photovoltaic modules, and the construction and operation of photovoltaic power plants. The company derives the majority of its revenues from the manufacturing and trading of photovoltaic modules. It mainly operates in Mainland China, Japan, Taiwan, Europe, America, and other Asian regions.

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