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Shandong Homey Aquatic Development Co (SHSE:600467) Effective Interest Rate on Debt % : 7.54% (As of Dec. 2023)


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What is Shandong Homey Aquatic Development 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. Shandong Homey Aquatic Development Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ¥181 Mil. Shandong Homey Aquatic Development Co's average total debt for the quarter that ended in Dec. 2023 was ¥2,394 Mil. Therefore, Shandong Homey Aquatic Development Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.54%.


Shandong Homey Aquatic Development Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shandong Homey Aquatic Development 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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Shandong Homey Aquatic Development Co Effective Interest Rate on Debt % Chart

Shandong Homey Aquatic Development 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 4.84 3.97 4.52 4.25 5.45

Shandong Homey Aquatic Development Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 4.28 5.11 6.05 4.88 7.54

Competitive Comparison of Shandong Homey Aquatic Development Co's Effective Interest Rate on Debt %

For the Farm Products subindustry, Shandong Homey Aquatic Development 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.


Shandong Homey Aquatic Development Co's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shandong Homey Aquatic Development Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shandong Homey Aquatic Development Co's Effective Interest Rate on Debt % falls into.



Shandong Homey Aquatic Development Co Effective Interest Rate on Debt % Calculation

Shandong Homey Aquatic Development 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  *  -135.353/( (2583.057+2387.127)/ 2 )
=-1  *  -135.353/2485.092
=5.45 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=200 + 2383.057
=2583.057

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=113.5 + 2273.627
=2387.127

Shandong Homey Aquatic Development 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  *  -180.588/( (2401.521+2387.127)/ 2 )
=-1  *  -180.588/2394.324
=7.54 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=356.5 + 2045.021
=2401.521

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=113.5 + 2273.627
=2387.127

* 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.


Shandong Homey Aquatic Development Co  (SHSE:600467) Effective Interest Rate on Debt % Explanation

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


Shandong Homey Aquatic Development Co Effective Interest Rate on Debt % Related Terms

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Shandong Homey Aquatic Development Co (SHSE:600467) Business Description

Traded in Other Exchanges
N/A
Address
Shazuizi, Hushan Town, Rongcheng, Shandong, CHN, 264305
Shandong Homey Aquatic Development Co Ltd is engaged in the aquaculture and food processing businesses in China. Its products include sea cucumber, sea bream, abalone, prawn, kelp, clam, loach and other sea treasures, all of which are medium and high-grade seafood. Its other products include frozen food, aquatic products, health tonic series, beverage series products and salted aquatic products. The company distributes its products within domestic market and to overseas markets.

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