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China Railway Group (SHSE:601390) Effective Interest Rate on Debt % : 2.63% (As of Mar. 2024)


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What is China Railway 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. China Railway Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥11,600 Mil. China Railway Group's average total debt for the quarter that ended in Mar. 2024 was ¥441,222 Mil. Therefore, China Railway Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.63%.

China Railway Group Effective Interest Rate on Debt % Historical Data

The historical data trend for China Railway 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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China Railway Group Effective Interest Rate on Debt % Chart

China Railway Group 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 2.64 -2.03 -1.77 -1.68 -1.28

China Railway Group 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 2.57 -4.28 10.09 -13.24 2.63

Competitive Comparison of China Railway Group's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, China Railway 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.

China Railway Group's Effective Interest Rate on Debt % Distribution in the Construction Industry

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

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


China Railway Group Effective Interest Rate on Debt % Calculation

China Railway 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  *  5194.695/( (390362.249+421309.726)/ 2 )
=-1  *  5194.695/405835.9875
=-1.28 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=280890.029 + 109472.22
=390362.249

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=312690.245 + 108619.481
=421309.726

China Railway Group'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  *  -11600.432/( (421309.726+461133.478)/ 2 )
=-1  *  -11600.432/441221.602
=2.63 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=312690.245 + 108619.481
=421309.726

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=320085.651 + 141047.827
=461133.478

* 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.

China Railway Group  (SHSE:601390) Effective Interest Rate on Debt % Explanation

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

China Railway Group Effective Interest Rate on Debt % Related Terms

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China Railway Group (SHSE:601390) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Railway Group Ltd (SHSE:601390) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
SHSE:601186 SHSE:601669 SHSE:601668 SHSE:601618 SHSE:600039 SHSE:601117 SHSE:600970 SHSE:601611 SHSE:600170 SHSE:600820 XPAR:DG NSE:LT PWR TSX:WSP J XKRX:028260 HKSE:01800 EME XPAR:EN BLD
Traded in Other Exchanges
CRWOF:USA 00390:Hong Kong CNO:Germany
Address
49 Hoi Yuen Road, Unit 1201-1203, 12th Floor, APEC Plaza, Kowloon, Hong Kong, HKG
Website
http://www.crec.cn
China Railway Group Ltd is a construction conglomerate company. The company's operating segment includes Infrastructure construction; Survey, design and consulting services; Engineering equipment and component manufacturing; Property development, and Other businesses. It generates maximum revenue from the Infrastructure construction segment. The Infrastructure construction segment includes the construction of railways, highways, bridges, tunnels, metropolitan railways (including subways and light railways), buildings, irrigation works, hydroelectricity projects, ports, docks, airports, and other municipal works.

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