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Shenzhen Tianyuan Dic Information Technology Co (SZSE:300047) Effective Interest Rate on Debt % : 2.93% (As of Mar. 2024)


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What is Shenzhen Tianyuan Dic Information 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. Shenzhen Tianyuan Dic Information Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥79 Mil. Shenzhen Tianyuan Dic Information Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥2,694 Mil. Therefore, Shenzhen Tianyuan Dic Information Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.93%.


Shenzhen Tianyuan Dic Information Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shenzhen Tianyuan Dic Information 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.

Shenzhen Tianyuan Dic Information Technology Co Effective Interest Rate on Debt % Chart

Shenzhen Tianyuan Dic Information 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 4.26 3.18 3.31 3.21 2.43

Shenzhen Tianyuan Dic Information 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 3.69 3.07 2.71 2.96 2.93

Competitive Comparison of Shenzhen Tianyuan Dic Information Technology Co's Effective Interest Rate on Debt %

For the Software - Application subindustry, Shenzhen Tianyuan Dic Information 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.


Shenzhen Tianyuan Dic Information Technology Co's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Shenzhen Tianyuan Dic Information Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shenzhen Tianyuan Dic Information Technology Co's Effective Interest Rate on Debt % falls into.



Shenzhen Tianyuan Dic Information Technology Co Effective Interest Rate on Debt % Calculation

Shenzhen Tianyuan Dic Information 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  *  -64.945/( (2477.818+2872.757)/ 2 )
=-1  *  -64.945/2675.2875
=2.43 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=86.035 + 2391.783
=2477.818

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=160.326 + 2712.431
=2872.757

Shenzhen Tianyuan Dic Information 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  *  -78.82/( (2872.757+2515.34)/ 2 )
=-1  *  -78.82/2694.0485
=2.93 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=160.326 + 2712.431
=2872.757

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=145.597 + 2369.743
=2515.34

* 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.


Shenzhen Tianyuan Dic Information Technology Co  (SZSE:300047) Effective Interest Rate on Debt % Explanation

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


Shenzhen Tianyuan Dic Information Technology Co Effective Interest Rate on Debt % Related Terms

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Shenzhen Tianyuan Dic Information Technology Co (SZSE:300047) Business Description

Traded in Other Exchanges
N/A
Address
Nanqi Road, 3rd Floor, T3 Building, Shenzhen High-tech Industrial Park, Shenzhen, CHN
Shenzhen Tianyuan Dic Information Technology Co Ltd is a China-based provider of integrated internet and big data solutions. It is engaged in the development of advanced technologies such as cloud computing, big data, artificial intelligence, and the Internet of Things. The business areas to which the company offers are operators, public security, government, finance, and new energy.
Executives
Xie Li Ta Executives
Chen Bing Director
Chen Lu Kang Directors, executives
Xie Xiao Bin Director
Chen Xiu Qin Directors, executives
Luo Zan Executives
Wang Dong Sheng Directors, executives
Guan Si Xin Executives
Lin Rong Executives
Chen You Director
Xie Wei Securities Affairs Representative
Liang Ling Lin Supervisors
Li Qian Yi Directors, executives
Zhang Yuan Supervisors
Zheng Yu Securities Affairs Representative

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