Jiangsu Leadmicro Nano Technology Co (SHSE:688147) Effective Interest Rate on Debt % : 2.90% (As of Mar. 2024)

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What is Jiangsu Leadmicro Nano 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. Jiangsu Leadmicro Nano Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥28 Mil. Jiangsu Leadmicro Nano Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥960 Mil. Therefore, Jiangsu Leadmicro Nano Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.90%.

Jiangsu Leadmicro Nano Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Jiangsu Leadmicro Nano 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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Jiangsu Leadmicro Nano Technology Co Effective Interest Rate on Debt % Chart

Jiangsu Leadmicro Nano Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.08

6.59

4.79

2.76

3.28

Jiangsu Leadmicro Nano Technology Co Quarterly Data
	Dec17	Dec18	Mar19	Dec19	Mar20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial													3.83	3.60	3.51	2.84	2.90

Competitive Comparison of Jiangsu Leadmicro Nano Technology Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Jiangsu Leadmicro Nano 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.

Jiangsu Leadmicro Nano Technology Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Leadmicro Nano Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Jiangsu Leadmicro Nano Technology Co Effective Interest Rate on Debt % Calculation

Jiangsu Leadmicro Nano 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 * -16.573	/	( (295.083	+	714.734)	/ 2 )
=	-1 * -16.573	/	504.9085
=	3.28 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	295.083
=	295.083

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	145.189	+	569.545
=	714.734

Jiangsu Leadmicro Nano 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 * -27.832	/	( (714.734	+	1206.011)	/ 2 )
=	-1 * -27.832	/	960.3725
=	2.90 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	145.189	+	569.545
=	714.734

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	140.547	+	1065.464
=	1206.011

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.

Jiangsu Leadmicro Nano Technology Co (SHSE:688147) Effective Interest Rate on Debt % Explanation

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

Jiangsu Leadmicro Nano Technology Co Effective Interest Rate on Debt % Related Terms

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Jiangsu Leadmicro Nano Technology Co (SHSE:688147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Leadmicro Nano Technology Co Ltd (SHSE:688147) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11 Lijiang Road, Xinwu District, Jiangsu Province, Wuxi, CHN, 214000

Website

https://www.leadmicro.com/

Jiangsu Leadmicro Nano Technology Co Ltd is engaged in the research and development, production and sales of advanced micro- and nano-scale thin film deposition equipment. Its main products are semiconductors and pan-semiconductor ALD equipment and technology, as well as thin-film equipment and mass production solutions for flexible electronics and new generation of high-efficiency solar cells.

Executives

Wu Xing Hua

Core technical personnel

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