Jiangsu Gian Technology Co (SZSE:300709) Effective Interest Rate on Debt % : 3.96% (As of Mar. 2024)

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What is Jiangsu Gian 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 Gian Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥7 Mil. Jiangsu Gian Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥181 Mil. Therefore, Jiangsu Gian Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.96%.

Jiangsu Gian Technology Co Effective Interest Rate on Debt % Historical Data

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

Jiangsu Gian Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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262.42

1.37

10.41

4.09

4.53

Jiangsu Gian 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															3.55	3.88	4.55	3.32	3.96

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

For the Metal Fabrication subindustry, Jiangsu Gian 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 Gian Technology Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Jiangsu Gian Technology Co Effective Interest Rate on Debt % Calculation

Jiangsu Gian 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 * -14.774	/	( (467.241	+	184.38)	/ 2 )
=	-1 * -14.774	/	325.8105
=	4.53 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	100.127	+	367.114
=	467.241

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56.764	+	127.616
=	184.38

Jiangsu Gian 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 * -7.14	/	( (184.38	+	176.632)	/ 2 )
=	-1 * -7.14	/	180.506
=	3.96 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56.764	+	127.616
=	184.38

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56.392	+	120.24
=	176.632

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 Gian Technology Co (SZSE:300709) Effective Interest Rate on Debt % Explanation

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

Jiangsu Gian Technology Co Effective Interest Rate on Debt % Related Terms

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Jiangsu Gian Technology Co (SZSE:300709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Gian Technology Co Ltd (SZSE:300709) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.59 Zonglv Road, Zhonglou Economic Development District, Changzhou, CHN, 213014

Website

http://www.jsgian.com

Jiangsu Gian Technology Co Ltd is a China-based company is engaged in the manufacture and sale of metal injection molding (MIM) products. It produces a large quantity of metal structural, functional and cosmetic parts in high precision, complex shape. The company's MIM technology can be used in consumer electronic field, automotive field and medical equipment field and other fields.

Executives

Wu Jun Wen	Directors, executives
Shi Jun	Supervisors

Jiangsu Gian Technology Co (SZSE:300709) Headlines

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