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Yongxing Special Materials Technology Co (SZSE:002756) Effective Interest Rate on Debt % : 7.83% (As of Mar. 2024)


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What is Yongxing Special Materials Technology 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. Yongxing Special Materials Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥33 Mil. Yongxing Special Materials Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥428 Mil. Therefore, Yongxing Special Materials Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.83%.


Yongxing Special Materials Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Yongxing Special Materials Technology 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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Yongxing Special Materials Technology Co Effective Interest Rate on Debt % Chart

Yongxing Special Materials Technology 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 2.13 9.04 9.36 96.23 186.30

Yongxing Special Materials Technology 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 - 1.63 2.60 3.84 7.83

Competitive Comparison of Yongxing Special Materials Technology Co's Effective Interest Rate on Debt %

For the Steel subindustry, Yongxing Special Materials Technology 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.


Yongxing Special Materials Technology Co's Effective Interest Rate on Debt % Distribution in the Steel Industry

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

* The bar in red indicates where Yongxing Special Materials Technology Co's Effective Interest Rate on Debt % falls into.



Yongxing Special Materials Technology Co Effective Interest Rate on Debt % Calculation

Yongxing Special Materials Technology 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  *  -3.549/( (0+1.905)/ 1 )
=-1  *  -3.549/1.905
=186.30 %

where

Yongxing Special Materials Technology 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  *  -33.468/( (1.905+853.38)/ 2 )
=-1  *  -33.468/427.6425
=7.83 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 853.38
=853.38

* 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.


Yongxing Special Materials Technology Co  (SZSE:002756) Effective Interest Rate on Debt % Explanation

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


Yongxing Special Materials Technology Co Effective Interest Rate on Debt % Related Terms

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Yongxing Special Materials Technology Co (SZSE:002756) Business Description

Traded in Other Exchanges
N/A
Address
Yangjiabu, Zhejiang province, Huzhou, CHN, 313005
Yongxing Special Stainless Steel Co Ltd is engaged in the research and development and production of high-quality stainless steel and nickel-based iron-nickel-based alloy rods and wire. The products of the company are mainly used in petrochemicals, high-pressure boilers, nuclear power, equipment manufacturing, aerospace, and other industrial fields. The product portfolio includes - stainless steel bars, stainless steel wire, and special alloy.
Executives
Gao Yi Bin Executives
Yao Guo Hua Executives
Zou Wei Min Director
Xu Feng Directors, executives
Gu Jian Qiang Director
Deng Qian Wen Executives
Gao Xing Jiang Directors, executives
Qiu Jian Rong Directors, executives
Yang Hui Director
Zhou Gui Rong Director
Shen Hui Yu Supervisors
Xu Fa Gen Supervisors
Li Zheng Zhou Director
Li De Chun Director

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