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Shanghai Baosight Software Co (SHSE:600845) Effective Interest Rate on Debt % : 3.42% (As of Mar. 2024)


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What is Shanghai Baosight Software 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. Shanghai Baosight Software Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥32 Mil. Shanghai Baosight Software Co's average total debt for the quarter that ended in Mar. 2024 was ¥944 Mil. Therefore, Shanghai Baosight Software Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.42%.

Shanghai Baosight Software Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shanghai Baosight Software 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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Shanghai Baosight Software Co Effective Interest Rate on Debt % Chart

Shanghai Baosight Software Co 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 5.99 0.93 3.44 3.84 3.86

Shanghai Baosight Software 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 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 3.24 3.85 3.45 3.38 3.42

Competitive Comparison of Shanghai Baosight Software Co's Effective Interest Rate on Debt %

For the Software - Application subindustry, Shanghai Baosight Software 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.

Shanghai Baosight Software Co's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Shanghai Baosight Software Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shanghai Baosight Software Co's Effective Interest Rate on Debt % falls into.


Shanghai Baosight Software Co Effective Interest Rate on Debt % Calculation

Shanghai Baosight Software 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  *  -27.148/( (492.929+915.11)/ 2 )
=-1  *  -27.148/704.0195
=3.86 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=281.368 + 211.561
=492.929

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=741.032 + 174.078
=915.11

Shanghai Baosight Software 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  *  -32.288/( (915.11+973.244)/ 2 )
=-1  *  -32.288/944.177
=3.42 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=741.032 + 174.078
=915.11

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=816.728 + 156.516
=973.244

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Shanghai Baosight Software Co  (SHSE:600845) Effective Interest Rate on Debt % Explanation

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

Shanghai Baosight Software Co Effective Interest Rate on Debt % Related Terms

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Shanghai Baosight Software Co (SHSE:600845) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Baosight Software Co Ltd (SHSE:600845) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
SZSE:002230 SZSE:300033 SZSE:301269 SHSE:600570 SHSE:600588 SHSE:688111 SHSE:603160 SHSE:600536 SZSE:300496 SZSE:002410 CRM XTER:SAP INTU NOW UBER CDNS SHOP TSX:CSU WDAY ROP
Traded in Other Exchanges
900926:China
Address
No. 515 Guoshoujing Road, Zhangjiang New and High-Technology Park, Pudong, Shanghai, CHN, 201203
Website
http://www.baosight.com
Shanghai Baosight Software Co Ltd is the IT software business unit of Baosteel. It offers products and services in sectors such as the iron and steel, transportation, service outsourcing, mining and extracting, nonferrous, and petrochemical industries. its product includes Metallurgical Industry Information System Architecture Integrating Intelligent, Robots, unmanned and other intelligent equipment, highly automated control software and systems, and agile, flexible, intelligent MOM solution.
Executives
Song Jian Hai senior management
Xia Xue Song Director
Chen Jian senior management
Liang Yue Yong senior management
Wang Jian Hu Directors, senior managers
Song Shi Wei senior management
Lv Zi Nan senior management
Zhou Jian Ping senior management
Hu Guo Fen senior management
Zhu Xiang Kai Director
Huang Min Qin Director
Feng Wei Min Supervisors
Zhang Shuo Gong Director
Chen Jian Dong Mi senior management
Chen Jian Fu Zong senior management

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