CSPC Pharmaceutical Group (FRA:CVG) Effective Interest Rate on Debt % : 5.10% (As of Dec. 2023)

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What is CSPC Pharmaceutical Group 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. CSPC Pharmaceutical Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €5 Mil. CSPC Pharmaceutical Group's average total debt for the quarter that ended in Dec. 2023 was €91 Mil. Therefore, CSPC Pharmaceutical Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.10%.

CSPC Pharmaceutical Group Effective Interest Rate on Debt % Historical Data

The historical data trend for CSPC Pharmaceutical Group'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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CSPC Pharmaceutical Group Effective Interest Rate on Debt % Chart

CSPC Pharmaceutical Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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25.16

4.82

4.03

7.33

3.92

CSPC Pharmaceutical Group Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.79	3.04	6.06	5.90	5.10

Competitive Comparison of CSPC Pharmaceutical Group's Effective Interest Rate on Debt %

For the Drug Manufacturers - General subindustry, CSPC Pharmaceutical Group'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.

CSPC Pharmaceutical Group's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, CSPC Pharmaceutical Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where CSPC Pharmaceutical Group's Effective Interest Rate on Debt % falls into.

CSPC Pharmaceutical Group Effective Interest Rate on Debt % Calculation

CSPC Pharmaceutical Group'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 * -3.326	/	( (78.879	+	90.786)	/ 2 )
=	-1 * -3.326	/	84.8325
=	3.92 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.86	+	40.019
=	78.879

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.749	+	77.037
=	90.786

CSPC Pharmaceutical Group'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 * -4.632	/	( (0	+	90.786)	/ 1 )
=	-1 * -4.632	/	90.786
=	5.10 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.749	+	77.037
=	90.786

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.

CSPC Pharmaceutical Group (FRA:CVG) Effective Interest Rate on Debt % Explanation

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

CSPC Pharmaceutical Group Effective Interest Rate on Debt % Related Terms

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CSPC Pharmaceutical Group (FRA:CVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CSPC Pharmaceutical Group Ltd (FRA:CVG) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

CSPCY:USA CHJTF:USA 01093:Hong Kong

Address

No. 226 Huanghe Street, Hebei Province, Shijiazhuang, CHN, 050035

Website

https://www.cspc.com.hk

CSPC Pharmaceutical Group listed on the Hong Kong Stock Exchange in 1994 and is one of the largest pharmaceutical companies in China. Its biggest business segment is the finished drugs segment which accounts for nearly 80% of its total revenue. Now it has a diversified pipeline portfolio in seven therapeutic areas including nervous system diseases, oncology, anti-infective to cardiovascular disease, respiratory system disease, and metabolism. CSPC also has a bulk drug product segment including vitamin C, antibiotics, and a caffeine series.