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Jiangsu Linyang Energy Co (SHSE:601222) Effective Interest Rate on Debt % : 1.63% (As of Sep. 2023)


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What is Jiangsu Linyang Energy 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. Jiangsu Linyang Energy Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ¥53 Mil. Jiangsu Linyang Energy Co's average total debt for the quarter that ended in Sep. 2023 was ¥3,261 Mil. Therefore, Jiangsu Linyang Energy Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 1.63%.


Jiangsu Linyang Energy Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Jiangsu Linyang Energy 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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Jiangsu Linyang Energy Co Effective Interest Rate on Debt % Chart

Jiangsu Linyang Energy 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 5.99 5.37 4.72 5.15 4.69

Jiangsu Linyang Energy 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 4.29 6.03 3.69 3.62 1.63

Competitive Comparison of Jiangsu Linyang Energy Co's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Jiangsu Linyang Energy 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.


Jiangsu Linyang Energy Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Linyang Energy Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Jiangsu Linyang Energy Co's Effective Interest Rate on Debt % falls into.



Jiangsu Linyang Energy Co Effective Interest Rate on Debt % Calculation

Jiangsu Linyang Energy 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  *  -171.077/( (4035.16+3261.195)/ 2 )
=-1  *  -171.077/3648.1775
=4.69 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2642.577 + 1392.583
=4035.16

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1929.606 + 1331.589
=3261.195

Jiangsu Linyang Energy 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  *  -53.176/( (3168.647+3353.777)/ 2 )
=-1  *  -53.176/3261.212
=1.63 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2414.624 + 754.023
=3168.647

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2620.436 + 733.341
=3353.777

* 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.


Jiangsu Linyang Energy Co  (SHSE:601222) Effective Interest Rate on Debt % Explanation

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


Jiangsu Linyang Energy Co Effective Interest Rate on Debt % Related Terms

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Jiangsu Linyang Energy Co (SHSE:601222) Business Description

Traded in Other Exchanges
N/A
Address
No. 666, Linyang Road, Qidong City, Jiangsu Province, CHN
Jiangsu Linyang Energy Co Ltd is a China-based company engages in the research, production, and sales of smart electric energy meters and power management products. Its product and services include smart meter, AMI system, LED, intelligent lighting system, energy efficiency management platform, energy-saving services, photovoltaic module, distributed photovoltaic power station system, distributed power station operating platform, and Micro-grid system which covered the Smart, Energy-saving and Renewable Energy all three fields.

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