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Sinofert Holdings (Sinofert Holdings) Effective Interest Rate on Debt % : 3.60% (As of Dec. 2023)


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What is Sinofert Holdings 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. Sinofert Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $9 Mil. Sinofert Holdings's average total debt for the quarter that ended in Dec. 2023 was $259 Mil. Therefore, Sinofert Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.60%.


Sinofert Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Sinofert Holdings'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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Sinofert Holdings Effective Interest Rate on Debt % Chart

Sinofert Holdings 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 6.12 1.84 1.21 1.49 3.77

Sinofert Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.49 0.56 2.13 3.89 3.60

Competitive Comparison of Sinofert Holdings's Effective Interest Rate on Debt %

For the Agricultural Inputs subindustry, Sinofert Holdings'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.


Sinofert Holdings's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sinofert Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sinofert Holdings's Effective Interest Rate on Debt % falls into.



Sinofert Holdings Effective Interest Rate on Debt % Calculation

Sinofert Holdings'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  *  -9.754/( (260.745+256.151)/ 2 )
=-1  *  -9.754/258.448
=3.77 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=193.397 + 67.348
=260.745

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=170.365 + 85.786
=256.151

Sinofert Holdings'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: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -9.322/( (261.215+256.151)/ 2 )
=-1  *  -9.322/258.683
=3.60 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=189.824 + 71.391
=261.215

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=170.365 + 85.786
=256.151

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


Sinofert Holdings  (OTCPK:SNFRY) Effective Interest Rate on Debt % Explanation

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


Sinofert Holdings Effective Interest Rate on Debt % Related Terms

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Sinofert Holdings (Sinofert Holdings) Business Description

Traded in Other Exchanges
Address
1 Harbour Road, Units 4705, 47th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG
Sinofert Holdings Ltd is an investment holding company. The company operates in two segments: Basic Fertilizers Segment, Distribution Segment, and Production Segment. The Basic Fertilizers Segment is engaged in the sales of straight fertilizers such as nitrogen, phosphate, and potash. The Distribution segment engages in the building of distribution channels, procurement, and sales of compound fertilizers and new types of fertilizers. The Production Segment is responsible for the production and sales of fertilizers and MCP/DCP. The majority of its revenue comes from the Basic Fertilizers segment. Geographically, the company generates majority of its revenue from Mainland China.

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