GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Hualu-hengsheng Chemical Co Ltd (SHSE:600426) » Definitions » Effective Interest Rate on Debt %

Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Effective Interest Rate on Debt % : 3.32% (As of Mar. 2024)


View and export this data going back to 2002. Start your Free Trial

What is Shandong Hualu-hengsheng Chemical 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. Shandong Hualu-hengsheng Chemical Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥269 Mil. Shandong Hualu-hengsheng Chemical Co's average total debt for the quarter that ended in Mar. 2024 was ¥8,081 Mil. Therefore, Shandong Hualu-hengsheng Chemical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.32%.


Shandong Hualu-hengsheng Chemical Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shandong Hualu-hengsheng Chemical 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.

* Premium members only.

Shandong Hualu-hengsheng Chemical Co Effective Interest Rate on Debt % Chart

Shandong Hualu-hengsheng Chemical 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 5.21 4.47 4.56 2.97 1.69

Shandong Hualu-hengsheng Chemical 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 1.94 1.48 1.33 1.72 3.32

Competitive Comparison of Shandong Hualu-hengsheng Chemical Co's Effective Interest Rate on Debt %

For the Chemicals subindustry, Shandong Hualu-hengsheng Chemical 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.


Shandong Hualu-hengsheng Chemical Co's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shandong Hualu-hengsheng Chemical Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shandong Hualu-hengsheng Chemical Co's Effective Interest Rate on Debt % falls into.



Shandong Hualu-hengsheng Chemical Co Effective Interest Rate on Debt % Calculation

Shandong Hualu-hengsheng Chemical 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  *  -97.773/( (3744.988+7843.092)/ 2 )
=-1  *  -97.773/5794.04
=1.69 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3272.094 + 472.894
=3744.988

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7361.018 + 482.074
=7843.092

Shandong Hualu-hengsheng Chemical 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  *  -268.708/( (7843.092+8319.887)/ 2 )
=-1  *  -268.708/8081.4895
=3.32 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7361.018 + 482.074
=7843.092

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7832.57 + 487.317
=8319.887

* 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.


Shandong Hualu-hengsheng Chemical Co  (SHSE:600426) Effective Interest Rate on Debt % Explanation

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


Shandong Hualu-hengsheng Chemical Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Shandong Hualu-hengsheng Chemical Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Business Description

Traded in Other Exchanges
N/A
Address
Number 24 Tianqu West Road, Decheng District, Shandong, Dezhou, CHN, 253024
Shandong Hualu-hengsheng Chemical Co Ltd manufactures and sells chemical materials and chemical fertilizers worldwide. The company offers chemical fertilizers, such as compound fertilizers, urea, ammonium bicarbonate, ammonium sulfate, and liquid fertilizers; DMF and organic amine products, including DMF, monomethylamine, dimethylamine, and trimethylamine; and acetic acid and acetic anhydride. It also provides new chemical materials comprising ethylene glycol, adipic acid, cyclohexanone, butyl alcohol, butanal, octyl alcohol, and melamine; basic chemicals that include nitric acid, methanol, liquid ammonia, and sulfur; and industrial gases, such as liquid oxygen, nitrogen, and argon.
Executives
Zhang Xin Sheng senior management
Zhuang Guang Shan Director
Chang Huai Chun Director
Gao Jing Hong Directors, senior managers
Pan De Sheng senior management
Dong Yan Director
Gao Wen Jun senior management
Yu Fu Hong senior management
Zhang Jie senior management
Qi Shao Qing senior management
Wang Yuan Ren Director

Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Headlines

No Headlines