OKE Precision Cutting Tools Co (SHSE:688308) Effective Interest Rate on Debt % : 2.26% (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is OKE Precision Cutting Tools 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. OKE Precision Cutting Tools Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥17 Mil. OKE Precision Cutting Tools Co's average total debt for the quarter that ended in Mar. 2024 was ¥751 Mil. Therefore, OKE Precision Cutting Tools Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.26%.

OKE Precision Cutting Tools Co Effective Interest Rate on Debt % Historical Data

The historical data trend for OKE Precision Cutting Tools 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.

OKE Precision Cutting Tools Co Effective Interest Rate on Debt % Chart

OKE Precision Cutting Tools Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

8.50

10.03

10.02

4.88

2.39

OKE Precision Cutting Tools 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															0.42	1.70	1.75	3.37	2.26

Competitive Comparison of OKE Precision Cutting Tools Co's Effective Interest Rate on Debt %

For the Tools & Accessories subindustry, OKE Precision Cutting Tools 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.

OKE Precision Cutting Tools Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, OKE Precision Cutting Tools Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where OKE Precision Cutting Tools Co's Effective Interest Rate on Debt % falls into.

OKE Precision Cutting Tools Co Effective Interest Rate on Debt % Calculation

OKE Precision Cutting Tools 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 * -9.025	/	( (90.026	+	665.033)	/ 2 )
=	-1 * -9.025	/	377.5295
=	2.39 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	90.026
=	90.026

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	665.033
=	665.033

OKE Precision Cutting Tools 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 * -16.992	/	( (665.033	+	836.06)	/ 2 )
=	-1 * -16.992	/	750.5465
=	2.26 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	665.033
=	665.033

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	78	+	758.06
=	836.06

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.

OKE Precision Cutting Tools Co (SHSE:688308) Effective Interest Rate on Debt % Explanation

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

OKE Precision Cutting Tools Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of OKE Precision Cutting Tools Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

OKE Precision Cutting Tools Co (SHSE:688308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » OKE Precision Cutting Tools Co Ltd (SHSE:688308) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.8, Chuangye 4th Road, Small and Medium Enterprise Pioneer Park, Hunan Province. Lusong District, Yanling County, Zhuzhou, CHN, 412500

Website

http://www.oke-carbide.com

OKE Precision Cutting Tools Co Ltd is involved in the research and development, production and sales of cemented carbide products and CNC tool products. It offers CNC tool, carbide serrated blade, carbide disc and other cemented and carbide products.

Executives

Tan Wen Qing	Director
Su Zhen Hua	Director
Liang Bao Yu	Director
Han Hong Tao	Director
Yuan Mei He	Director

OKE Precision Cutting Tools Co (SHSE:688308) Headlines

No Headlines