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Sany Heavy Industry Co (SHSE:600031) Effective Interest Rate on Debt % : 2.85% (As of Sep. 2023)


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What is Sany Heavy Industry 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. Sany Heavy Industry Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ¥983 Mil. Sany Heavy Industry Co's average total debt for the quarter that ended in Sep. 2023 was ¥34,433 Mil. Therefore, Sany Heavy Industry Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 2.85%.


Sany Heavy Industry Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sany Heavy Industry 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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Sany Heavy Industry Co Effective Interest Rate on Debt % Chart

Sany Heavy Industry Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.15 3.47 2.69 1.61 2.25

Sany Heavy Industry Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 2.27 2.84 2.82 3.08 2.85

Competitive Comparison of Sany Heavy Industry Co's Effective Interest Rate on Debt %

For the Farm & Heavy Construction Machinery subindustry, Sany Heavy Industry 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.


Sany Heavy Industry Co's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sany Heavy Industry Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sany Heavy Industry Co's Effective Interest Rate on Debt % falls into.



Sany Heavy Industry Co Effective Interest Rate on Debt % Calculation

Sany Heavy Industry Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -624.868/( (20525.689+35088.777)/ 2 )
=-1  *  -624.868/27807.233
=2.25 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9725.047 + 10800.642
=20525.689

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21933.005 + 13155.772
=35088.777

Sany Heavy Industry Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -982.76/( (36129.742+32736.354)/ 2 )
=-1  *  -982.76/34433.048
=2.85 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24532.97 + 11596.772
=36129.742

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=22276.284 + 10460.07
=32736.354

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


Sany Heavy Industry Co  (SHSE:600031) Effective Interest Rate on Debt % Explanation

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


Sany Heavy Industry Co Effective Interest Rate on Debt % Related Terms

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Sany Heavy Industry Co (SHSE:600031) Business Description

Traded in Other Exchanges
N/A
Address
SANY Industrial Park, Economic and Technological Development Zone, Hunan, Changsha, CHN, 410100
Sany is a leading construction machinery manufacturer in China and is one of the top 10 in the world in terms of revenue. Its products range from concrete and crane machinery to excavator, road construction, piling machinery, and others. Following its acquisition of Putzmeister in 2012, it strengthened its position in the concrete machinery space globally as one of the leading concrete pumps manufacturers. It is also the largest excavator manufacturer in China with 21% market share in 2017. China accounted for around 70% of its revenue in 2019, while the rest comes from overseas markets.

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