Arizon RFID Technology (Cayman) Co (TPE:6863) Effective Interest Rate on Debt % : 0.69% (As of Mar. 2024)

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What is Arizon RFID Technology (Cayman) 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. Arizon RFID Technology (Cayman) Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NT$3 Mil. Arizon RFID Technology (Cayman) Co's average total debt for the quarter that ended in Mar. 2024 was NT$424 Mil. Therefore, Arizon RFID Technology (Cayman) Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.69%.

Arizon RFID Technology (Cayman) Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Arizon RFID Technology (Cayman) 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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Arizon RFID Technology (Cayman) Co Effective Interest Rate on Debt % Chart

Arizon RFID Technology (Cayman) Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

0.89

1.45

4.09

1.27

Arizon RFID Technology (Cayman) Co Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							9.71	0.70	1.09	2.89	0.69

Competitive Comparison of Arizon RFID Technology (Cayman) Co's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Arizon RFID Technology (Cayman) 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.

Arizon RFID Technology (Cayman) Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Arizon RFID Technology (Cayman) Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Arizon RFID Technology (Cayman) Co's Effective Interest Rate on Debt % falls into.

Arizon RFID Technology (Cayman) Co Effective Interest Rate on Debt % Calculation

Arizon RFID Technology (Cayman) 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 * -2.253	/	( (5.134	+	350.042)	/ 2 )
=	-1 * -2.253	/	177.588
=	1.27 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.029	+	4.105
=	5.134

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.689	+	311.353
=	350.042

Arizon RFID Technology (Cayman) 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 * -2.932	/	( (350.042	+	497.178)	/ 2 )
=	-1 * -2.932	/	423.61
=	0.69 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.689	+	311.353
=	350.042

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.836	+	461.342
=	497.178

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.

Arizon RFID Technology (Cayman) Co (TPE:6863) Effective Interest Rate on Debt % Explanation

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

Arizon RFID Technology (Cayman) Co Effective Interest Rate on Debt % Related Terms

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Arizon RFID Technology (Cayman) Co (TPE:6863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Arizon RFID Technology (Cayman) Co Ltd (TPE:6863) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.88 Wuzhou East Road, Economic Development Zone, Jiangsu Province, Yangzhou, CHN, 225101

Website

https://www.arizontw.com

Arizon RFID Technology (Cayman) Co Ltd engages in the manufacturing of RFID ODM components. The firm offers various products including Antenna, Electronic shelf labels (ESL), RFID Tags, RFID UHF Fixed Readers, and RFID UHF Handheld Readers. The customers can benefit from using finger sized tags in different fields and environments, to accelerate the efficiency of logistics and management, reduce inventory accumulation, eliminate waste of consumables, and achieve improvement of environment and resources.

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