BABA(BABA)2024-05-23 13:14Debt and Interest Rates - As of March 31, 2024, approximately 33% of the company's total debt carries floating interest rates after considering interest rate swaps, while 67% carries fixed interest rates [2053]. - If interest rates increased/decreased by 1%, the profit attributable to equity owners for fiscal years 2023 and 2024 would have been RMB5,473 million and RMB6,010 million (US$832 million) higher/lower, respectively [2054]. - The company manages interest rate exposure with a focus on reducing overall cost of debt and uses derivatives like interest rate swaps when appropriate [2071]. Cash and Investments - The company had RMB381,326 million and US$30,166 million in cash and cash equivalents, short-term investments, and other treasury investments as of March 31, 2024 [2056]. - As of March 31, 2023, the company had RMB351,195 million and US$29,171 million in cash and cash equivalents, short-term investments, and other treasury investments [2074]. Foreign Currency and Market Risks - If the Renminbi depreciated by 10% against the U.S. dollar, the balance in U.S. dollar would have been US$78,178 million [2056]. - Foreign currency risk arises from future commercial transactions and recognized assets and liabilities, with most revenue-generating transactions denominated in Renminbi [2073]. - The company is not exposed to commodity price risk and primarily faces market price risk with respect to publicly traded equity securities [2075]. - If the market price of financial instruments held by the company had been 1% higher/lower, the instruments would have been approximately RMB1,233 million and RMB762 million (US$106 million) higher/lower, respectively [2057].