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Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) Effective Interest Rate on Debt % : 3.78% (As of Mar. 2024)


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What is Hangzhou Huaxing Chuangye Communication 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. Hangzhou Huaxing Chuangye Communication Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥6.1 Mil. Hangzhou Huaxing Chuangye Communication Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥161.7 Mil. Therefore, Hangzhou Huaxing Chuangye Communication Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.78%.


Hangzhou Huaxing Chuangye Communication Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hangzhou Huaxing Chuangye Communication 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.

* Premium members only.

Hangzhou Huaxing Chuangye Communication Technology Co Effective Interest Rate on Debt % Chart

Hangzhou Huaxing Chuangye Communication Technology 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 7.06 6.26 6.64 7.58 3.64

Hangzhou Huaxing Chuangye Communication Technology 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 5.24 3.63 4.32 5.16 3.78

Competitive Comparison of Hangzhou Huaxing Chuangye Communication Technology Co's Effective Interest Rate on Debt %

For the Telecom Services subindustry, Hangzhou Huaxing Chuangye Communication 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.


Hangzhou Huaxing Chuangye Communication Technology Co's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Hangzhou Huaxing Chuangye Communication Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hangzhou Huaxing Chuangye Communication Technology Co's Effective Interest Rate on Debt % falls into.



Hangzhou Huaxing Chuangye Communication Technology Co Effective Interest Rate on Debt % Calculation

Hangzhou Huaxing Chuangye Communication 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  *  -4.459/( (88.117+156.852)/ 2 )
=-1  *  -4.459/122.4845
=3.64 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 88.117
=88.117

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.013 + 149.839
=156.852

Hangzhou Huaxing Chuangye Communication 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  *  -6.108/( (156.852+166.465)/ 2 )
=-1  *  -6.108/161.6585
=3.78 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.013 + 149.839
=156.852

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.544 + 159.921
=166.465

* 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.


Hangzhou Huaxing Chuangye Communication Technology Co  (SZSE:300025) Effective Interest Rate on Debt % Explanation

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


Hangzhou Huaxing Chuangye Communication Technology Co Effective Interest Rate on Debt % Related Terms

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Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) Business Description

Traded in Other Exchanges
N/A
Address
No. 500, Jucai Road, Changhe Street, Binjiang District, Zhejiang, Hangzhou, CHN, 310052
Hangzhou Huaxing Chuangye Communication Technology Co Ltd is engaged in providing mobile communication technology services and internet data services. The service provided by the company include mobile communication networks, engineering construction, room division engineering, network foundation generation, and network evaluation and optimization.
Executives
Xia Jian Miao Supervisors
Zhang Min Executives
Shou Zou Independent director
Bao Hang Directors, Directors, and Executives
Cheng Xiao Yan Director
Qu Zhen Sheng Directors, executives
Chen Jin Guang Directors, executives
Li Hua Executives
Du Guang Ming Supervisors
Huang Bo Supervisors
Zhou You Executives
Liu Han Supervisors

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