Valiant Co (SZSE:002643) Effective Interest Rate on Debt % : 2.06% (As of Mar. 2024)

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What is Valiant 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. Valiant Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥31 Mil. Valiant Co's average total debt for the quarter that ended in Mar. 2024 was ¥1,494 Mil. Therefore, Valiant Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.06%.

Valiant Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Valiant 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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Valiant Co Effective Interest Rate on Debt % Chart

Valiant Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.77

3.69

3.63

3.94

2.82

Valiant 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															3.18	2.34	2.74	2.09	2.06

Competitive Comparison of Valiant Co's Effective Interest Rate on Debt %

For the Chemicals subindustry, Valiant 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.

Valiant Co's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

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

* The bar in red indicates where Valiant Co's Effective Interest Rate on Debt % falls into.

Valiant Co Effective Interest Rate on Debt % Calculation

Valiant 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 * -31.241	/	( (837.793	+	1374.405)	/ 2 )
=	-1 * -31.241	/	1106.099
=	2.82 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	381.098	+	456.695
=	837.793

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1031.453	+	342.952
=	1374.405

Valiant 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 * -30.772	/	( (1374.405	+	1613.943)	/ 2 )
=	-1 * -30.772	/	1494.174
=	2.06 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1031.453	+	342.952
=	1374.405

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1170.876	+	443.067
=	1613.943

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.

Valiant Co (SZSE:002643) Effective Interest Rate on Debt % Explanation

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

Valiant Co Effective Interest Rate on Debt % Related Terms

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Valiant Co (SZSE:002643) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Valiant Co Ltd (SZSE:002643) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 11, Wuzhishan Road, Economic and Technological Development Zone, Shandong Province, Yantai, CHN, 264006

Website

http://www.valiant-cn.com

Valiant Co Ltd is a China-based company principally engaged in the research, development, manufacture and sale of electronic information materials, environmental protection materials and health-care materials. The company's main products include liquid crystal, monomer, organic light emitting diode materials, APIs, intermediates and other chemicals. Geographically the activities are carried out through China.

Executives

Wang Ji Hua	Executives
Wang Huan Jie	Directors, executives

Leng Qian	Director
Wang Zhong Li	Directors, executives
Zhao Feng Qi	Director
Gao Bin	Executives
Hu Bao Hua	Executives
Zhang Peng	Supervisors
Zuo Zhuo	Independent director
Hu Tian Xiao	Supervisors
Xiao Yong Qiang	Executives
Dai Xiu Yun	Executives
Dong Zhi Zhong	Supervisors

Valiant Co (SZSE:002643) Headlines

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