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Hengdian Group Dmegc Magnetics Co (SZSE:002056) Effective Interest Rate on Debt % : 3.48% (As of Mar. 2024)


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What is Hengdian Group Dmegc Magnetics 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. Hengdian Group Dmegc Magnetics Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥73 Mil. Hengdian Group Dmegc Magnetics Co's average total debt for the quarter that ended in Mar. 2024 was ¥2,088 Mil. Therefore, Hengdian Group Dmegc Magnetics Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.48%.


Hengdian Group Dmegc Magnetics Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hengdian Group Dmegc Magnetics 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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Hengdian Group Dmegc Magnetics Co Effective Interest Rate on Debt % Chart

Hengdian Group Dmegc Magnetics 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 9.26 5.56 5.91 4.84 3.02

Hengdian Group Dmegc Magnetics Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.38 4.45 2.90 2.03 3.48

Competitive Comparison of Hengdian Group Dmegc Magnetics Co's Effective Interest Rate on Debt %

For the Consumer Electronics subindustry, Hengdian Group Dmegc Magnetics 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.


Hengdian Group Dmegc Magnetics Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hengdian Group Dmegc Magnetics Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hengdian Group Dmegc Magnetics Co's Effective Interest Rate on Debt % falls into.



Hengdian Group Dmegc Magnetics Co Effective Interest Rate on Debt % Calculation

Hengdian Group Dmegc Magnetics 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  *  -60.544/( (1585.543+2425.849)/ 2 )
=-1  *  -60.544/2005.696
=3.02 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.087 + 1581.456
=1585.543

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=202.714 + 2223.135
=2425.849

Hengdian Group Dmegc Magnetics Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -72.724/( (2425.849+1749.513)/ 2 )
=-1  *  -72.724/2087.681
=3.48 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=202.714 + 2223.135
=2425.849

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=203.403 + 1546.11
=1749.513

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Hengdian Group Dmegc Magnetics Co  (SZSE:002056) Effective Interest Rate on Debt % Explanation

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


Hengdian Group Dmegc Magnetics Co Effective Interest Rate on Debt % Related Terms

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Hengdian Group Dmegc Magnetics Co (SZSE:002056) Business Description

Traded in Other Exchanges
N/A
Address
Hengdian Industrial Zone, Dongyang, Zhejiang, CHN, 322118
Hengdian Group Dmegc Magnetics Co Ltd is a Chinese company engaged in making products based on hard ferrite and magnet soft ferrite cores. The products of the company include hard ferrite magnets, ferrite cores, solar cells, solar modules, rare earth magnets, motor housing, hard alloys, batteries, and flexible copper clad laminate. These products are widely used in the fields of the electronic appliance, automotive, communication and others. In addition, the group is also involved in the business of hotels, mining, health care home, international trade and others. The company exports its products to EU, USA, Japan, South America, South East Asia and other regions.

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