GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gettop Acoustic Co Ltd (SZSE:002655) » Definitions » Effective Interest Rate on Debt %

Gettop Acoustic Co (SZSE:002655) Effective Interest Rate on Debt % : 3.93% (As of Mar. 2024)


View and export this data going back to 2012. Start your Free Trial

What is Gettop Acoustic 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. Gettop Acoustic Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥10 Mil. Gettop Acoustic Co's average total debt for the quarter that ended in Mar. 2024 was ¥250 Mil. Therefore, Gettop Acoustic Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.93%.


Gettop Acoustic Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Gettop Acoustic 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.

* Premium members only.

Gettop Acoustic Co Effective Interest Rate on Debt % Chart

Gettop Acoustic 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 6.54 7.79 7.02 3.61 5.23

Gettop Acoustic 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 3.13 4.33 4.50 4.19 3.93

Competitive Comparison of Gettop Acoustic Co's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Gettop Acoustic 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.


Gettop Acoustic Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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



Gettop Acoustic Co Effective Interest Rate on Debt % Calculation

Gettop Acoustic 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  *  -9.148/( (113.443+236.334)/ 2 )
=-1  *  -9.148/174.8885
=5.23 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24.765 + 88.678
=113.443

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=95.16 + 141.174
=236.334

Gettop Acoustic 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  *  -9.824/( (236.334+264.059)/ 2 )
=-1  *  -9.824/250.1965
=3.93 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=95.16 + 141.174
=236.334

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=92.423 + 171.636
=264.059

* 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.


Gettop Acoustic Co  (SZSE:002655) Effective Interest Rate on Debt % Explanation

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


Gettop Acoustic Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Gettop Acoustic Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Gettop Acoustic Co (SZSE:002655) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 68, Fengshan Road, Fangzi District, Shandong Province, Weifang, CHN
Gettop Acoustic Co Ltd is a manufacturer of electro-acoustic components and assemblies as well as a provider of complete electro-acoustic solutions. The company is mainly focusing on the manufacturing miniature microphone, micro speaker/receiver and module products. These products are widely used in mobile communication devices, portable PC, flat panel TV, personal digital device, car kits, and other consumer electronics. The company has an operational presence across Canada, United States of America, Denmark, Finland, Brazil, Japan, Germany, among others.
Executives
Zhang Diao Zhan Director
Yang Zhi Yong Supervisors
Zhang Lin Lin Director
Wang Pei Sen Supervisors
Yang Jin Jun Director
Yang Xu Guang Supervisors
Zhao Du Ren Director

Gettop Acoustic Co (SZSE:002655) Headlines

No Headlines