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Qingdao Port International Co (HKSE:06198) Effective Interest Rate on Debt % : 0.53% (As of Dec. 2023)


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What is Qingdao Port International 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. Qingdao Port International Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$19 Mil. Qingdao Port International Co's average total debt for the quarter that ended in Dec. 2023 was HK$3,680 Mil. Therefore, Qingdao Port International Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.53%.


Qingdao Port International Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Qingdao Port International 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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Qingdao Port International Co Effective Interest Rate on Debt % Chart

Qingdao Port International 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 10.03 5.55 5.30 4.19 4.35

Qingdao Port International Co Quarterly Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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 7.14 2.97 - 8.71 0.53

Competitive Comparison of Qingdao Port International Co's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Qingdao Port International 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.


Qingdao Port International Co's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Qingdao Port International Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Qingdao Port International Co's Effective Interest Rate on Debt % falls into.



Qingdao Port International Co Effective Interest Rate on Debt % Calculation

Qingdao Port International 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  *  -176.932/( (4378.891+3756.512)/ 2 )
=-1  *  -176.932/4067.7015
=4.35 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2261.227 + 2117.664
=4378.891

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2276.259 + 1480.253
=3756.512

Qingdao Port International Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -19.404/( (3602.935+3756.512)/ 2 )
=-1  *  -19.404/3679.7235
=0.53 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2342.69 + 1260.245
=3602.935

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2276.259 + 1480.253
=3756.512

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Qingdao Port International Co  (HKSE:06198) Effective Interest Rate on Debt % Explanation

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


Qingdao Port International Co Effective Interest Rate on Debt % Related Terms

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Qingdao Port International Co (HKSE:06198) Business Description

Traded in Other Exchanges
Address
No. 12 Jingba Road, Huangdao District, Shangdong Province, Qingdao, CHN, 266011
Qingdao Port International Co Ltd is a Chinese company that acts as an operator of the Port of Qingdao. It provides a range of port-related services including basic port services such as stevedoring and storage services, ancillary and extended services such as logistics and financing-related services. The company has six operating segments; container handling and ancillary services, metal ore, coal, and other cargo handling and ancillary services, liquid bulk handling and ancillary services, logistics and port value-added services, port ancillary services, and financial services. It derives a majority of its revenue from the logistics and port value-added services segment followed by metal ore, coal, and other cargo handling segment and liquid bulk handling and ancillary services segment.

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