Xinxiang Richful Lube Additive Co (SZSE:300910) Effective Interest Rate on Debt % : 3.64% (As of Mar. 2024)

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What is Xinxiang Richful Lube Additive 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. Xinxiang Richful Lube Additive Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥4 Mil. Xinxiang Richful Lube Additive Co's average total debt for the quarter that ended in Mar. 2024 was ¥100 Mil. Therefore, Xinxiang Richful Lube Additive Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.64%.

Xinxiang Richful Lube Additive Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Xinxiang Richful Lube Additive 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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Xinxiang Richful Lube Additive Co Effective Interest Rate on Debt % Chart

Xinxiang Richful Lube Additive Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.52

312.50

4.84

22.42

0.45

Xinxiang Richful Lube Additive 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															6.65	1.41	0.37	0.16	3.64

Competitive Comparison of Xinxiang Richful Lube Additive Co's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Xinxiang Richful Lube Additive 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.

Xinxiang Richful Lube Additive Co's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

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

* The bar in red indicates where Xinxiang Richful Lube Additive Co's Effective Interest Rate on Debt % falls into.

Xinxiang Richful Lube Additive Co Effective Interest Rate on Debt % Calculation

Xinxiang Richful Lube Additive 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 * -0.219	/	( (2.605	+	94.233)	/ 2 )
=	-1 * -0.219	/	48.419
=	0.45 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.357	+	1.248
=	2.605

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	90.583	+	3.65
=	94.233

Xinxiang Richful Lube Additive 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 * -3.652	/	( (94.233	+	106.247)	/ 2 )
=	-1 * -3.652	/	100.24
=	3.64 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	90.583	+	3.65
=	94.233

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	94	+	12.247
=	106.247

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.

Xinxiang Richful Lube Additive Co (SZSE:300910) Effective Interest Rate on Debt % Explanation

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

Xinxiang Richful Lube Additive Co Effective Interest Rate on Debt % Related Terms

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Xinxiang Richful Lube Additive Co (SZSE:300910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinxiang Richful Lube Additive Co Ltd (SZSE:300910) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dazhaoying Industrial Zone, Henan Province (North of Xinhuo Road), Xinxiang, CHN, 453700

Website

http://www.sinoruifeng.com

Xinxiang Richful Lube Additive Co Ltd is engaged in the production and sales of fine chemical products. Its product range includes special papermaking chemicals and lubricant additives.

Executives

Ma Zhen Fang	Directors, executives
Zhang Yong	Supervisors
Shang Qing Chun	Directors, Directors, and Executives
Wang Shao Hui	Executives

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