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Guangdong Construction Engineering Group Co (SZSE:002060) Effective Interest Rate on Debt % : 2.81% (As of Mar. 2024)


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What is Guangdong Construction Engineering 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. Guangdong Construction Engineering Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥921 Mil. Guangdong Construction Engineering Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥32,736 Mil. Therefore, Guangdong Construction Engineering Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.81%.


Guangdong Construction Engineering Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Guangdong Construction Engineering 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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Guangdong Construction Engineering Group Co Effective Interest Rate on Debt % Chart

Guangdong Construction Engineering 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 4.14 4.38 4.12 3.30 2.96

Guangdong Construction Engineering 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 3.11 2.43 2.54 3.43 2.81

Competitive Comparison of Guangdong Construction Engineering Group Co's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Guangdong Construction Engineering 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.


Guangdong Construction Engineering Group Co's Effective Interest Rate on Debt % Distribution in the Construction Industry

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

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



Guangdong Construction Engineering Group Co Effective Interest Rate on Debt % Calculation

Guangdong Construction Engineering 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  *  -857.482/( (25654.622+32279.673)/ 2 )
=-1  *  -857.482/28967.1475
=2.96 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17622.485 + 8032.137
=25654.622

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21766.6 + 10513.073
=32279.673

Guangdong Construction Engineering 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  *  -921.012/( (32279.673+33192.852)/ 2 )
=-1  *  -921.012/32736.2625
=2.81 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21766.6 + 10513.073
=32279.673

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=22161.803 + 11031.049
=33192.852

* 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.


Guangdong Construction Engineering Group Co  (SZSE:002060) Effective Interest Rate on Debt % Explanation

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


Guangdong Construction Engineering Group Co Effective Interest Rate on Debt % Related Terms

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Guangdong Construction Engineering Group Co (SZSE:002060) Business Description

Traded in Other Exchanges
N/A
Address
No.1, West of Guangshen Avenue, A-1 Business Center, Shuidian Plaza, Building 1, Xintang Town, Zengcheng District, Guangdong Province, Guangzhou, CHN, 511340
Guangdong No 2 Hydropower Engineering Co Ltd is a China-based company operating in the construction industry. It is engaged in the construction of water conservancy and hydropower facilities, wind power, solar power plants, buildings, highways, municipal utilities, urban rail traffic engineering and mechanical installation in China.
Executives
Ceng Chen Ping Directors, executives
Li Xiang Kui Director
Ceng Ling An Executives
Zhu Dan Directors, executives
Lin Kang Nan Executives
Lin Guang Xi Directors, executives, securities affairs represen
Xie Rong Guang Supervisors
Song Guang Ming Director
Wang Wei Dao Directors, executives
Feng Bao Zhen Directors, executives
Xie Yan Hui Directors, executives
Zhang Yuan Fang Director
Wei Zhi Yun Director
Wei Guo Xian Executives
Li Kui Yan Director

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