Nanjing OLO Home Furnishing Co (SHSE:603326) Effective Interest Rate on Debt % : 2.93% (As of Mar. 2024)

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What is Nanjing OLO Home Furnishing 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. Nanjing OLO Home Furnishing Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥16 Mil. Nanjing OLO Home Furnishing Co's average total debt for the quarter that ended in Mar. 2024 was ¥548 Mil. Therefore, Nanjing OLO Home Furnishing Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.93%.

Nanjing OLO Home Furnishing Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Nanjing OLO Home Furnishing 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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Nanjing OLO Home Furnishing Co Effective Interest Rate on Debt % Chart

Nanjing OLO Home Furnishing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.48

3.61

1.88

3.68

Nanjing OLO Home Furnishing 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															3.79	3.74	2.56	4.57	2.93

Competitive Comparison of Nanjing OLO Home Furnishing Co's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Nanjing OLO Home Furnishing 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.

Nanjing OLO Home Furnishing Co's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nanjing OLO Home Furnishing Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Nanjing OLO Home Furnishing Co's Effective Interest Rate on Debt % falls into.

Nanjing OLO Home Furnishing Co Effective Interest Rate on Debt % Calculation

Nanjing OLO Home Furnishing 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 * -17.581	/	( (431.928	+	523.124)	/ 2 )
=	-1 * -17.581	/	477.526
=	3.68 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	307.783	+	124.145
=	431.928

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	323.329	+	199.795
=	523.124

Nanjing OLO Home Furnishing 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 * -16.064	/	( (523.124	+	573.825)	/ 2 )
=	-1 * -16.064	/	548.4745
=	2.93 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	323.329	+	199.795
=	523.124

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	310.523	+	263.302
=	573.825

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.

Nanjing OLO Home Furnishing Co (SHSE:603326) Effective Interest Rate on Debt % Explanation

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

Nanjing OLO Home Furnishing Co Effective Interest Rate on Debt % Related Terms

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Nanjing OLO Home Furnishing Co (SHSE:603326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nanjing OLO Home Furnishing Co Ltd (SHSE:603326) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 218, Qingshuiting West Road, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211102

Website

http://www.olokitchen.com

Nanjing OLO Home Furnishing Co Ltd operates in the home furnishings and fixtures industry. It is principally engaged in the design, research and development, manufacturing and sales of custom furniture products as well as the provision of related services. The company's main products include the integrated kitchen cabinets, custom wardrobes and the full house.

Executives

	Director
Liu Gui Sheng	senior management
Wang Wu Chao	senior management
Zhang Qi	Supervisors
Zhang Qi	Supervisors
Huang Ning Quan	senior management
Zhang Hua	senior management
Xu Tao	Director
Zhang Xian Hua	senior management
Zhang Lei	Supervisors

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