Zhefu Holding Group Co (SZSE:002266) Effective Interest Rate on Debt % : 2.46% (As of Mar. 2024)

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What is Zhefu Holding Group 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. Zhefu Holding Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥118 Mil. Zhefu Holding Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥4,824 Mil. Therefore, Zhefu Holding Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.46%.

Zhefu Holding Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhefu Holding Group 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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Zhefu Holding Group Co Effective Interest Rate on Debt % Chart

Zhefu Holding Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.82

3.81

4.30

3.31

3.00

Zhefu Holding Group 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															4.01	2.41	2.98	3.85	2.46

Competitive Comparison of Zhefu Holding Group Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Zhefu Holding Group 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.

Zhefu Holding Group Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Zhefu Holding Group Co Effective Interest Rate on Debt % Calculation

Zhefu Holding Group 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 * -197.666	/	( (8348.567	+	4836.321)	/ 2 )
=	-1 * -197.666	/	6592.444
=	3.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1618.252	+	6730.315
=	8348.567

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1031.342	+	3804.979
=	4836.321

Zhefu Holding Group 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 * -118.432	/	( (4836.321	+	4811.88)	/ 2 )
=	-1 * -118.432	/	4824.1005
=	2.46 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1031.342	+	3804.979
=	4836.321

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1327.007	+	3484.873
=	4811.88

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.

Zhefu Holding Group Co (SZSE:002266) Effective Interest Rate on Debt % Explanation

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

Zhefu Holding Group Co Effective Interest Rate on Debt % Related Terms

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Zhefu Holding Group Co (SZSE:002266) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhefu Holding Group Co Ltd (SZSE:002266) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

No. 177 Yingchun South Road, 25th Floor, Zhefu Building, County Town, Zhejiang Province, Tonglu, CHN, 311501

Website

http://www.zhefu.cn

Zhefu Holding Group Co Ltd is a China-based company engaged in the research, development, manufacture, and sale of large and medium-sized turbine-generators in China. Its products cover a variety of types and capacity including all sizes of conventional turbine generator units, tidal power generation units and pumped storage generating units. The company is also involved in the other business areas of hydropower, nuclear power, oil and gas, microfinance, among others.

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