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Zenner Metering Technology (Shanghai) (SZSE:301303) Effective Interest Rate on Debt % : 2.12% (As of Mar. 2024)


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What is Zenner Metering Technology (Shanghai) 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. Zenner Metering Technology (Shanghai)'s annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥3 Mil. Zenner Metering Technology (Shanghai)'s average total debt for the quarter that ended in Mar. 2024 was ¥134 Mil. Therefore, Zenner Metering Technology (Shanghai)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.12%.


Zenner Metering Technology (Shanghai) Effective Interest Rate on Debt % Historical Data

The historical data trend for Zenner Metering Technology (Shanghai)'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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Zenner Metering Technology (Shanghai) Effective Interest Rate on Debt % Chart

Zenner Metering Technology (Shanghai) Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 7.40 3.54 3.21 2.86 0.68

Zenner Metering Technology (Shanghai) Quarterly Data
Dec18 Dec19 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 1.42 -1.19 8.61 1.29 2.12

Competitive Comparison of Zenner Metering Technology (Shanghai)'s Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Zenner Metering Technology (Shanghai)'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.


Zenner Metering Technology (Shanghai)'s Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zenner Metering Technology (Shanghai)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zenner Metering Technology (Shanghai)'s Effective Interest Rate on Debt % falls into.



Zenner Metering Technology (Shanghai) Effective Interest Rate on Debt % Calculation

Zenner Metering Technology (Shanghai)'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  *  -1.071/( (214.905+101.023)/ 2 )
=-1  *  -1.071/157.964
=0.68 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=73.782 + 141.123
=214.905

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=80.073 + 20.95
=101.023

Zenner Metering Technology (Shanghai)'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  *  -2.836/( (101.023+167.039)/ 2 )
=-1  *  -2.836/134.031
=2.12 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=80.073 + 20.95
=101.023

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=80.073 + 86.966
=167.039

* 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.


Zenner Metering Technology (Shanghai)  (SZSE:301303) Effective Interest Rate on Debt % Explanation

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


Zenner Metering Technology (Shanghai) Effective Interest Rate on Debt % Related Terms

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Zenner Metering Technology (Shanghai) (SZSE:301303) Business Description

Traded in Other Exchanges
N/A
Address
No. 6558 Yinggang East Road, Building 4, Qingpu District, Shanghai, CHN, 201703
Zenner Metering Technology (Shanghai) Ltd is engaged in the research and development, manufacture and sales of gas metering instruments and supporting products. The main products are wide-range series civil membrane gas meters and industrial and commercial membrane gas meters, NB-IoT IoT gas meters, wireless remote transmission gas meters, IC card smart gas meters, ultrasonic gas meters, ultrasonic flow meters, smart gas waist wheels Flow meter & turbine flow meter, IoT intelligent controller, bellows, ATM self-service payment system, Bluetooth smart card and iGasLink smart gas information cloud platform based on cloud service.

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