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Caihong Display Devices Co (SHSE:600707) Effective Interest Rate on Debt % : 0.34% (As of Dec. 2023)


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What is Caihong Display Devices 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. Caihong Display Devices Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ¥51 Mil. Caihong Display Devices Co's average total debt for the quarter that ended in Dec. 2023 was ¥14,862 Mil. Therefore, Caihong Display Devices Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.34%.


Caihong Display Devices Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Caihong Display Devices 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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Caihong Display Devices Co Effective Interest Rate on Debt % Chart

Caihong Display Devices 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 2.02 4.71 4.36 3.97 3.44

Caihong Display Devices 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 3.81 4.37 3.96 3.94 0.34

Competitive Comparison of Caihong Display Devices Co's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Caihong Display Devices 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.


Caihong Display Devices Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Caihong Display Devices Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Caihong Display Devices Co's Effective Interest Rate on Debt % falls into.



Caihong Display Devices Co Effective Interest Rate on Debt % Calculation

Caihong Display Devices 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  *  -525.912/( (16500.605+14066.737)/ 2 )
=-1  *  -525.912/15283.671
=3.44 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9635.864 + 6864.741
=16500.605

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8239.963 + 5826.774
=14066.737

Caihong Display Devices 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  *  -50.56/( (15657.39+14066.737)/ 2 )
=-1  *  -50.56/14862.0635
=0.34 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9893.636 + 5763.754
=15657.39

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8239.963 + 5826.774
=14066.737

* 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.


Caihong Display Devices Co  (SHSE:600707) Effective Interest Rate on Debt % Explanation

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


Caihong Display Devices Co Effective Interest Rate on Debt % Related Terms

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Caihong Display Devices Co (SHSE:600707) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Caihong Road, Xianyang, Shanxi, CHN, 712021
Caihong Display Devices Co Ltd is engaged in the research and development of new energy photovoltaic glass. Its operations include construction and operation of solar power plants; production and sales of solar photovoltaic glass, tempered glass, coated glass, conductive film glass, flat glass, and vacuum glass; production and sales of solar cell chip, solar cell module, and their auxiliary products as well as silicon materials; solar photovoltaic power generation related business; and other products. The majority of its revenue comes from China.

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