China Mobile (China Mobile) Effective Interest Rate on Debt % : 3.98% (As of Mar. 2024)

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What is China Mobile 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. China Mobile's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $469 Mil. China Mobile's average total debt for the quarter that ended in Mar. 2024 was $11,791 Mil. Therefore, China Mobile's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.98%.

China Mobile Effective Interest Rate on Debt % Historical Data

The historical data trend for China Mobile'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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China Mobile Effective Interest Rate on Debt % Chart

China Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.36

4.38

4.13

2.48

3.25

China Mobile Quarterly Data
	Jun18	Dec18	Jun19	Dec19	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															3.30	3.45	2.53	3.55	3.98

Competitive Comparison of China Mobile's Effective Interest Rate on Debt %

For the Telecom Services subindustry, China Mobile'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.

China Mobile's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Mobile's Effective Interest Rate on Debt % distribution charts can be found below:

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

China Mobile Effective Interest Rate on Debt % Calculation

China Mobile'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 * -497.465	/	( (16159.617	+	14416.123)	/ 2 )
=	-1 * -497.465	/	15287.87
=	3.25 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11724.687	+	4434.93
=	16159.617

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9489.79	+	4926.333
=	14416.123

China Mobile'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 * -469.348	/	( (14416.123	+	9166.563)	/ 2 )
=	-1 * -469.348	/	11791.343
=	3.98 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9489.79	+	4926.333
=	14416.123

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9166.563	+	0
=	9166.563

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.

China Mobile (NYSE:CHL) Effective Interest Rate on Debt % Explanation

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

China Mobile Effective Interest Rate on Debt % Related Terms

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China Mobile (China Mobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Mobile Ltd (NYSE:CHL) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

941:Mexico 00941:Hong Kong CTM:Germany 600941:China

Address

99 Queen’s Road Central, 60th Floor, The Center, Hong Kong, HKG

Website

https://www.chinamobileltd.com

China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (990 million) but also the largest in the world. It has 60% of the total wireless market in China and 45% of the fixed-line broadband market. The firm is continuing to roll out its 5G network, having launched 5G service in late 2019. It is doing some 5G network sharing with China Broadnet at 700 MHz and also resells its 2G/4G/5G network through China Broadnet. Strong growth is being generated through internet data centers where it has the second-largest network in China and through Cloud Services. The company issued stock on the A-share market in 2022 and completed its first buyback of H-shares.