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AviChina Industry & Technology Co (HKSE:02357) Effective Interest Rate on Debt % : 1.85% (As of Dec. 2023)


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What is AviChina Industry & Technology 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. AviChina Industry & Technology Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$470 Mil. AviChina Industry & Technology Co's average total debt for the quarter that ended in Dec. 2023 was HK$25,493 Mil. Therefore, AviChina Industry & Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.85%.


AviChina Industry & Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for AviChina Industry & Technology 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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AviChina Industry & Technology Co Effective Interest Rate on Debt % Chart

AviChina Industry & Technology Co 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 4.61 3.13 1.83 1.95 1.48

AviChina Industry & Technology Co 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 2.18 1.98 2.50 1.56 1.85

Competitive Comparison of AviChina Industry & Technology Co's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, AviChina Industry & Technology 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.


AviChina Industry & Technology Co's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AviChina Industry & Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where AviChina Industry & Technology Co's Effective Interest Rate on Debt % falls into.



AviChina Industry & Technology Co Effective Interest Rate on Debt % Calculation

AviChina Industry & Technology 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  *  -449.953/( (32395.611+28421.517)/ 2 )
=-1  *  -449.953/30408.564
=1.48 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3938.557 + 28457.054
=32395.611

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7833.61 + 20587.907
=28421.517

AviChina Industry & Technology 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: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -470.462/( (22564.714+28421.517)/ 2 )
=-1  *  -470.462/25493.1155
=1.85 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6289.781 + 16274.933
=22564.714

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7833.61 + 20587.907
=28421.517

* 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.


AviChina Industry & Technology Co  (HKSE:02357) Effective Interest Rate on Debt % Explanation

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


AviChina Industry & Technology Co Effective Interest Rate on Debt % Related Terms

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AviChina Industry & Technology Co (HKSE:02357) Business Description

Traded in Other Exchanges
Address
No. 14 Xiaoguan Dongli, 6th floor, Building A, Andingmenwai, Chaoyang District, Beijing, CHN, 100029
AviChina Industry & Technology Co Ltd is engaged in the development, manufacture, sales and upgrade of civil aviation products and defense products such as provision of helicopters, trainer aircraft, general-purpose aircraft and regional jets for domestic and overseas customers. The company also collaborates with international aviation product manufacturers. AviChina has three operating segments: Aviation entire aircraft; Aviation ancillary system and related business; and Aviation engineering services. The Aviation entire aircraft segment includes helicopters, trainer aircraft, and general aircraft for both civil and military uses. Over half of the company's revenue is generated from supplying components, spare parts, and services. AviChina mainly conducts its business in China.

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