Pingtan Marine Enterprise (Pingtan Marine Enterprise) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2022)

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What is Pingtan Marine Enterprise 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. Pingtan Marine Enterprise's annualized positive value of Interest Expense for the quarter that ended in Jun. 2022 was $0.0 Mil. Pingtan Marine Enterprise's average total debt for the quarter that ended in Jun. 2022 was $375.1 Mil. Therefore, Pingtan Marine Enterprise's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 was 0.00%.

Pingtan Marine Enterprise Effective Interest Rate on Debt % Historical Data

The historical data trend for Pingtan Marine Enterprise'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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Pingtan Marine Enterprise Effective Interest Rate on Debt % Chart

Pingtan Marine Enterprise Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

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4.88

3.29

4.59

4.75

4.77

Pingtan Marine Enterprise Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.28	4.05	4.23	5.89	-

Competitive Comparison of Pingtan Marine Enterprise's Effective Interest Rate on Debt %

For the Farm Products subindustry, Pingtan Marine Enterprise'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.

Pingtan Marine Enterprise's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pingtan Marine Enterprise's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Pingtan Marine Enterprise's Effective Interest Rate on Debt % falls into.

Pingtan Marine Enterprise Effective Interest Rate on Debt % Calculation

Pingtan Marine Enterprise's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -17.371	/	( (337.551	+	390.324)	/ 2 )
=	-1 * -17.371	/	363.9375
=	4.77 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	245.116	+	92.435
=	337.551

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	240.761	+	149.563
=	390.324

Pingtan Marine Enterprise's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2021 )	+	Total Debt (Q: Jun. 2022 ))	/ count )
=	-1 * 0	/	( (390.324	+	359.849)	/ 2 )
=	-1 * 0	/	375.0865
=	0.00 %

where

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	240.761	+	149.563
=	390.324

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	185.589	+	174.26
=	359.849

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 (Jun. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Pingtan Marine Enterprise (NAS:PME) Effective Interest Rate on Debt % Explanation

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

Pingtan Marine Enterprise Effective Interest Rate on Debt % Related Terms

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Pingtan Marine Enterprise (Pingtan Marine Enterprise) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pingtan Marine Enterprise Ltd (NAS:PME) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 154 Hudong Road, 18-19th Floor, Zhongshan Building A, Gulou District, Fujian Province, Fuzhou, CHN, 350001

Website

https://www.ptmarine.com

Pingtan Marine Enterprise Ltd is a marine enterprises group primarily engaging in ocean fishing. The company provides high-quality seafood to a diverse group of customers including distributors, restaurant owners and exporters in the China. It harvests a range of fish species with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, Indo-Pacific waters, the Arafura Sea of Indonesia, and international waters of Atlantic and Pacific Oceans. Pingtan derives revenue primarily from the sales of frozen seafood products.

Executives

Liming Yung	officer: Chief Financial Officer	18/F, ZHONGSHAN BUILDING A, NO. 154 HUDONG ROAD, FUZHOU F4 350001
Xinrong Zhuo	director, 10 percent owner, officer: Chief Executive Officer	FLOOR 18, TOWER A, ZHONG SHAN BUILDING, NO 154, HUDONG ROAD, GULAU DISTRICT, FUHOO CITY, FUJAN PROVINCE F4 00000
Lin Lin	director	18-19/F, ZHONGSHAN BUILDING A,, NO. 154 HUDONG ROAD, FUZHOU F4 350001
Xingan Lin	director	18-19/F, ZHONGSHAN BUILDING A,, NO. 154 HUDONG ROAD, FUZHOU F4 350001
Yang Yu	officer: CFO	561 XIAN FENG ROAD, HARBIN HEILONGJIANG XX 1540000
Yeliang Zhou	director	FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000
Zengbiao Zhu	director	FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000
Lin Bao	director	FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000
Bin Lin	director, officer: Senior Vice President	FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000
Jin Shi	director, 10 percent owner, officer: Chief Executive Officer	1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417
Teng Zhou	director	1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417
Xuesong Song	director, 10 percent owner, officer: Chief Financial Officer	1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417
Xuechu He	director	1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417
Michael W Zhang	director	A12 JIANGUOMENWAI AVENUE, NCI TOWER SUITE 1602, BEIJING F4 100022
Xue Bai	director	A12 JIANGUOMENWAI AVENUE, NCI TOWER SUITE 1602, BEIJING F4 100022