Datang Telecom Technology Co (SHSE:600198) Effective Interest Rate on Debt % : 2.80% (As of Mar. 2024)

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What is Datang Telecom Technology 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. Datang Telecom Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥10 Mil. Datang Telecom Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥360 Mil. Therefore, Datang Telecom Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.80%.

Datang Telecom Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Datang Telecom Technology 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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Datang Telecom Technology Co Effective Interest Rate on Debt % Chart

Datang Telecom Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.71

6.75

8.85

8.43

4.46

Datang Telecom Technology Co 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															8.10	5.46	7.43	1.73	2.80

Competitive Comparison of Datang Telecom Technology Co's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Datang Telecom Technology 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.

Datang Telecom Technology Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Datang Telecom Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Datang Telecom Technology Co's Effective Interest Rate on Debt % falls into.

Datang Telecom Technology Co Effective Interest Rate on Debt % Calculation

Datang Telecom Technology Co'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 * -12.175	/	( (302.433	+	243.808)	/ 2 )
=	-1 * -12.175	/	273.1205
=	4.46 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.984	+	276.449
=	302.433

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68.665	+	175.143
=	243.808

Datang Telecom Technology Co'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 * -10.084	/	( (243.808	+	476.446)	/ 2 )
=	-1 * -10.084	/	360.127
=	2.80 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68.665	+	175.143
=	243.808

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.315	+	409.131
=	476.446

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.

Datang Telecom Technology Co (SHSE:600198) Effective Interest Rate on Debt % Explanation

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

Datang Telecom Technology Co Effective Interest Rate on Debt % Related Terms

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Datang Telecom Technology Co (SHSE:600198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Datang Telecom Technology Co Ltd (SHSE:600198) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

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Address

No. 6 Yongjia North Road, Haidian District, Beijing, CHN, 100094

Website

http://www.datang.com

Datang Telecom Technology Co Ltd is a China-based company engaged in the communication equipment manufacturing industry. It is involved in the manufacturing of electronic and communication equipment, mobile phone, instrument and cultural and official goods, production and sales of security and protection products and design construction of security and protection work. It also provides system integration and network engineering services. The company operates its businesses primarily in domestic market.

Executives

Xu Hong Zhi	Director
Pan Hai Shen	Director
Jing Jun Xi	Supervisors
Zhu Ya Nong	Director
Zhao Jie	senior management
Zhou Huan	Director
Yang Yi Gang	Director

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