Shanghai Electric Group Co (Shanghai Electric Group Co) Effective Interest Rate on Debt % : 4.94% (As of Dec. 2023)

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What is Shanghai Electric Group 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. Shanghai Electric Group Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $338 Mil. Shanghai Electric Group Co's average total debt for the quarter that ended in Dec. 2023 was $6,854 Mil. Therefore, Shanghai Electric Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.94%.

Shanghai Electric Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shanghai Electric Group 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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Shanghai Electric Group Co Effective Interest Rate on Debt % Chart

Shanghai Electric Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.17

4.73

2.55

3.77

4.02

Shanghai Electric Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.83	3.41	3.31	3.80	4.94

Competitive Comparison of Shanghai Electric Group Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Shanghai Electric Group 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.

Shanghai Electric Group Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shanghai Electric Group Co's Effective Interest Rate on Debt % falls into.

Shanghai Electric Group Co Effective Interest Rate on Debt % Calculation

Shanghai Electric Group 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 * -256.661	/	( (5917.505	+	6857.694)	/ 2 )
=	-1 * -256.661	/	6387.5995
=	4.02 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3367.014	+	2550.491
=	5917.505

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4592.892	+	2264.802
=	6857.694

Shanghai Electric Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -338.316	/	( (6850.766	+	6857.694)	/ 2 )
=	-1 * -338.316	/	6854.23
=	4.94 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4255.607	+	2595.159
=	6850.766

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4592.892	+	2264.802
=	6857.694

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Shanghai Electric Group Co (OTCPK:SIELY) Effective Interest Rate on Debt % Explanation

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

Shanghai Electric Group Co Effective Interest Rate on Debt % Related Terms

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Shanghai Electric Group Co (Shanghai Electric Group Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Electric Group Co Ltd (OTCPK:SIELY) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

SIELF:USA 02727:Hong Kong USR:Germany 601727:China

Address

No. 110 Sichuan Middle Road, Huangpu District, Shanghai, CHN, 200002

Website

https://www.shanghai-electric.com

Shanghai Electric Group Co Ltd is an integrated equipment manufacturing group specializing in industrial equipment. Its products include thermal generator sets, nuclear power units, wind power equipment, power T&D equipment, environmental protection equipment, automation equipment, elevators, rail transit, and Industrial Internet. The operating segments are energy equipment, industrial equipment, and integrated services segments, with maximum revenue from the energy equipment segment.