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NBTM New Materials Group Co (SHSE:600114) Effective Interest Rate on Debt % : 4.19% (As of Mar. 2024)


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What is NBTM New Materials 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. NBTM New Materials Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥114 Mil. NBTM New Materials Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥2,721 Mil. Therefore, NBTM New Materials Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.19%.


NBTM New Materials Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for NBTM New Materials 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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NBTM New Materials Group Co Effective Interest Rate on Debt % Chart

NBTM New Materials Group 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 1.32 5.03 0.02 4.39 4.02

NBTM New Materials Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.90 3.73 3.83 3.92 4.19

Competitive Comparison of NBTM New Materials Group Co's Effective Interest Rate on Debt %

For the Auto Parts subindustry, NBTM New Materials 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.


NBTM New Materials Group Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NBTM New Materials Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



NBTM New Materials Group Co Effective Interest Rate on Debt % Calculation

NBTM New Materials 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  *  -110.91/( (2808.108+2707.327)/ 2 )
=-1  *  -110.91/2757.7175
=4.02 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1634.222 + 1173.886
=2808.108

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1910.403 + 796.924
=2707.327

NBTM New Materials 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  *  -114.076/( (2707.327+2733.905)/ 2 )
=-1  *  -114.076/2720.616
=4.19 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1910.403 + 796.924
=2707.327

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1325.416 + 1408.489
=2733.905

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


NBTM New Materials Group Co  (SHSE:600114) Effective Interest Rate on Debt % Explanation

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


NBTM New Materials Group Co Effective Interest Rate on Debt % Related Terms

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NBTM New Materials Group Co (SHSE:600114) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Jingjiang Road, Jiangshan Industrial Zone, Yinzhou, Ningbo, Zhejiang, CHN, 315191
NBTM New Materials Group Co Ltd is engaged in producing and selling powder metal structural parts and magnetic materials components in China. It provides car parts, such as car engine, auto transmission, auto chassis, and other products; new energy parts; air condition compressor and refrigerator compressor parts for home appliances; and motorcycle engines, clutches, driven gears, and other components.
Executives
Cao Yang Director
Lu De Bao Director
Zhu Zhi Rong Directors, senior managers
He Ling Min senior management
Yan Feng Mu senior management
Xiao Ya Jun senior management
Xu Kai senior management
Chen Yi Zhen Supervisors
Gu Jin Director
Duo Tian Chang Hong Director
Shi Xiao Di senior management
Huang Yong Ping senior management
Shu Zheng Ping senior management

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