Ossen Innovation Co (FRA:0BG2) Effective Interest Rate on Debt % : 7.11% (As of Dec. 2020)

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What is Ossen Innovation 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. Ossen Innovation Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2020 was €2.1 Mil. Ossen Innovation Co's average total debt for the quarter that ended in Dec. 2020 was €29.9 Mil. Therefore, Ossen Innovation Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2020 was 7.11%.

Ossen Innovation Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Ossen Innovation 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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Ossen Innovation Co Effective Interest Rate on Debt % Chart

Ossen Innovation Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

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7.27

4.62

5.39

7.82

8.13

Ossen Innovation Co Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.49	3.78	8.31	9.37	7.11

Competitive Comparison of Ossen Innovation Co's Effective Interest Rate on Debt %

For the Steel subindustry, Ossen Innovation 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.

Ossen Innovation Co's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ossen Innovation Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Ossen Innovation Co's Effective Interest Rate on Debt % falls into.

Ossen Innovation Co Effective Interest Rate on Debt % Calculation

Ossen Innovation Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -2.353	/	( (28.858	+	29.053)	/ 2 )
=	-1 * -2.353	/	28.9555
=	8.13 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.487	+	23.371
=	28.858

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.311	+	23.742
=	29.053

Ossen Innovation Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2020 )	+	Total Debt (Q: Dec. 2020 ))	/ count )
=	-1 * -2.124	/	( (30.669	+	29.053)	/ 2 )
=	-1 * -2.124	/	29.861
=	7.11 %

where

	Total Debt (Q: Jun. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.342	+	25.327
=	30.669

	Total Debt (Q: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.311	+	23.742
=	29.053

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. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Ossen Innovation Co (FRA:0BG2) Effective Interest Rate on Debt % Explanation

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

Ossen Innovation Co Effective Interest Rate on Debt % Related Terms

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Ossen Innovation Co (FRA:0BG2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ossen Innovation Co Ltd (FRA:0BG2) » Definitions » Effective Interest Rate on Debt %

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Address

518 Shangcheng Road, Floor 17, Shanghai, CHN, 200120

Website

http://www.osseninnovation.com

Ossen Innovation Co Ltd designs, engineers, manufactures, and sells prestressed steel materials. The company's materials are used in the construction of bridges, highways and other infrastructure projects in the People's Republic of China and internationally. Its product is categorized as coated products and uncoated products. Its coated products include zinc, rare earth and plain surface prestressed concrete.It is used in the construction of new bridges and the renovation of older bridges. Uncoated products consist of wires that are twisted into a bundle and used in precast concrete plates on the riding surface of bridges. It is categorized based on size, strength, and structure.

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