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Hezong Science and Technology Co (SZSE:300477) Effective Interest Rate on Debt % : 5.34% (As of Mar. 2024)


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What is Hezong Science and 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. Hezong Science and Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥202 Mil. Hezong Science and Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥3,779 Mil. Therefore, Hezong Science and Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.34%.


Hezong Science and Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hezong Science and 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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Hezong Science and Technology Co Effective Interest Rate on Debt % Chart

Hezong Science and 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 5.37 6.42 5.56 3.90 3.75

Hezong Science and 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 2.97 4.53 4.13 3.75 5.34

Competitive Comparison of Hezong Science and Technology Co's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Hezong Science and 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.


Hezong Science and Technology Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hezong Science and Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hezong Science and Technology Co's Effective Interest Rate on Debt % falls into.



Hezong Science and Technology Co Effective Interest Rate on Debt % Calculation

Hezong Science and 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  *  -113.016/( (2208.207+3811.871)/ 2 )
=-1  *  -113.016/3010.039
=3.75 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=685.734 + 1522.473
=2208.207

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1771.023 + 2040.848
=3811.871

Hezong Science and 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  *  -201.956/( (3811.871+3746.884)/ 2 )
=-1  *  -201.956/3779.3775
=5.34 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1771.023 + 2040.848
=3811.871

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1771.165 + 1975.719
=3746.884

* 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.


Hezong Science and Technology Co  (SZSE:300477) Effective Interest Rate on Debt % Explanation

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


Hezong Science and Technology Co Effective Interest Rate on Debt % Related Terms

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Hezong Science and Technology Co (SZSE:300477) Business Description

Traded in Other Exchanges
N/A
Address
D-1211, Jiahua Building, Shangdi Sanjie, Haidian District, Beijing, CHN, 100085
Hezong Science and Technology Co Ltd is a high tech company providing technological solutions to their customers of power distribution and control equipment in the power industry. It is one-stop solution provider of power distribution systems in China, they offer products ranging from gas insulated ring main units, MV/LV air insulated switchgear, prefabricated substation, pole-mounted switches, distribution automation terminals (FTU/DTU), distribution transformers, to cable branching switchgear.
Executives
Wei Qiang Directors, executives
Han Guo Liang Directors, executives
Zhang Shu Directors, Directors, and Executives
Gao Xing Director
Zhang Xiao Yi Executives
Wang Wei Ping Supervisors
Zhang Ren Zeng Director
He Yun Director
Zhang Quan Zhong Supervisors
Liu Ze Gang Director
Liu Wei Dong Independent director
Wang Xiao Xin Supervisors

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