Flat Glass Group Co (HKSE:06865) Effective Interest Rate on Debt % : 3.48% (As of Mar. 2024)

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What is Flat Glass 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. Flat Glass Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was HK$552 Mil. Flat Glass Group Co's average total debt for the quarter that ended in Mar. 2024 was HK$15,848 Mil. Therefore, Flat Glass Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.48%.

Flat Glass Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Flat Glass 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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Flat Glass Group Co Effective Interest Rate on Debt % Chart

Flat Glass Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.88

2.86

2.20

3.66

4.21

Flat Glass Group Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.03	3.15	3.27	-	3.48

Competitive Comparison of Flat Glass Group Co's Effective Interest Rate on Debt %

For the Building Products & Equipment subindustry, Flat Glass 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.

Flat Glass Group Co's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Flat Glass Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Flat Glass Group Co Effective Interest Rate on Debt % Calculation

Flat Glass 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 * -646.051	/	( (14305.224	+	16392.092)	/ 2 )
=	-1 * -646.051	/	15348.658
=	4.21 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8363.83	+	5941.394
=	14305.224

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11976.099	+	4415.993
=	16392.092

Flat Glass Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -552.06	/	( (16392.092	+	15303.369)	/ 2 )
=	-1 * -552.06	/	15847.7305
=	3.48 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11976.099	+	4415.993
=	16392.092

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12449.557	+	2853.812
=	15303.369

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Flat Glass Group Co (HKSE:06865) Effective Interest Rate on Debt % Explanation

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

Flat Glass Group Co Effective Interest Rate on Debt % Related Terms

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Flat Glass Group Co (HKSE:06865) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Flat Glass Group Co Ltd (HKSE:06865) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

FGSGF:USA 72T:Germany 601865:China

Address

1999 Yunhe Road, Xiuzhou District, Zhejiang Province, Jiaxing, CHN

Website

https://www.flatgroup.com.cn

Flat Glass Group Co Ltd manufactures and sells glass and glass products. The Company operates in six segments: Photovoltaic (PV) Glass, Household Glass, Architectural Glass, Float glass, Mining products, and Other businesses. The majority of revenue is derived from the PV glass segment. Its geographical segments are China, Asia (excluding the PRC and Japan), Europe, North America, and Others.

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Public Investment Fund	2101 Beneficial owner
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