Comefly Outdoor Co (SHSE:603908) Effective Interest Rate on Debt % : 3.04% (As of Mar. 2024)

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What is Comefly Outdoor 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. Comefly Outdoor Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥8 Mil. Comefly Outdoor Co's average total debt for the quarter that ended in Mar. 2024 was ¥271 Mil. Therefore, Comefly Outdoor Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.04%.

Comefly Outdoor Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Comefly Outdoor 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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Comefly Outdoor Co Effective Interest Rate on Debt % Chart

Comefly Outdoor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.79

3.35

2.81

3.09

Comefly Outdoor 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															3.82	4.70	2.14	1.97	3.04

Competitive Comparison of Comefly Outdoor Co's Effective Interest Rate on Debt %

For the Apparel Manufacturing subindustry, Comefly Outdoor 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.

Comefly Outdoor Co's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Comefly Outdoor Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Comefly Outdoor Co's Effective Interest Rate on Debt % falls into.

Comefly Outdoor Co Effective Interest Rate on Debt % Calculation

Comefly Outdoor 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 * -9.964	/	( (426.912	+	218.705)	/ 2 )
=	-1 * -9.964	/	322.8085
=	3.09 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.597	+	396.315
=	426.912

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.653	+	195.052
=	218.705

Comefly Outdoor 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 * -8.228	/	( (218.705	+	323.099)	/ 2 )
=	-1 * -8.228	/	270.902
=	3.04 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.653	+	195.052
=	218.705

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.43	+	299.669
=	323.099

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.

Comefly Outdoor Co (SHSE:603908) Effective Interest Rate on Debt % Explanation

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

Comefly Outdoor Co Effective Interest Rate on Debt % Related Terms

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Comefly Outdoor Co (SHSE:603908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Comefly Outdoor Co Ltd (SHSE:603908) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 895 Century Avenue, a building, Zhejiang Province, Quzhou, CHN, 324000

Website

http://www.mobigarden.com.cn

Comefly Outdoor Co Ltd is a China based company mainly engaged in research and development, design, manufacture and sales of camping tents, outdoor clothing and other outdoor supplies. Its products portfolio includes tents, sleeping bags, a self-filling pad and other outdoor equipment, as well as jackets, down jackets, hiking shoes, sports bags and other outdoor clothing, shoes, and accessories.

Executives

Du Su Zhen	Directors, senior managers
Xu Jing	Directors, senior managers
Ma Qi Gang	senior management
Yu Li Ping	Supervisors
Zhou Yan	Director

Comefly Outdoor Co (SHSE:603908) Headlines

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