Wuliangye Yibin Co (SZSE:000858) Effective Interest Rate on Debt % : -1.67% (As of Sep. 2023)

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What is Wuliangye Yibin 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. Wuliangye Yibin Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ¥-3 Mil. Wuliangye Yibin Co's average total debt for the quarter that ended in Sep. 2023 was ¥160 Mil. Therefore, Wuliangye Yibin Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was -1.67%.

Wuliangye Yibin Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Wuliangye Yibin 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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Wuliangye Yibin Co Effective Interest Rate on Debt % Chart

Wuliangye Yibin Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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24.79

16.04

8.66

Wuliangye Yibin 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															-10.43	28.43	3.74	8.63	-1.67

Competitive Comparison of Wuliangye Yibin Co's Effective Interest Rate on Debt %

For the Beverages - Wineries & Distilleries subindustry, Wuliangye Yibin 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.

Wuliangye Yibin Co's Effective Interest Rate on Debt % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Wuliangye Yibin Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Wuliangye Yibin Co's Effective Interest Rate on Debt % falls into.

Wuliangye Yibin Co Effective Interest Rate on Debt % Calculation

Wuliangye Yibin 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 * -48.004	/	( (715.366	+	392.659)	/ 2 )
=	-1 * -48.004	/	554.0125
=	8.66 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	355.339	+	360.027
=	715.366

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.976	+	375.683
=	392.659

Wuliangye Yibin 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 * 2.676	/	( (212.682	+	107.664)	/ 2 )
=	-1 * 2.676	/	160.173
=	-1.67 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.965	+	201.717
=	212.682

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.832	+	101.832
=	107.664

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.

Wuliangye Yibin Co (SZSE:000858) Effective Interest Rate on Debt % Explanation

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

Wuliangye Yibin Co Effective Interest Rate on Debt % Related Terms

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Wuliangye Yibin Co (SZSE:000858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Wuliangye Yibin Co Ltd (SZSE:000858) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

No.150, Minjiang West Road, Cuiping District, Sichuan Province, Yibin, CHN, 644007

Website

http://www.wuliangye.com.cn

Wuliangye Yibin is China's second-largest baijiu producer by revenue, with sales of CNY 74 billion in 2022 compared with CNY 124 billion for Moutai. Founded in the 1950s, Wuliangye is located in Yibin, Sichuan province, in southwest China. Its core product, 52-degree Wuliangye, is widely known as the best rice-flavored baijiu in the market. The high-quality products, extensive history and brand strength have led to strong pricing power, allowing the company to enjoy high retail prices and profit margins.

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