GRG Metrology & Test Group Co (SZSE:002967) Effective Interest Rate on Debt % : 2.56% (As of Dec. 2023)

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What is GRG Metrology & Test 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. GRG Metrology & Test Group Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ¥39 Mil. GRG Metrology & Test Group Co's average total debt for the quarter that ended in Dec. 2023 was ¥1,514 Mil. Therefore, GRG Metrology & Test Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.56%.

GRG Metrology & Test Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for GRG Metrology & Test 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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GRG Metrology & Test Group Co Effective Interest Rate on Debt % Chart

GRG Metrology & Test Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.16

4.48

4.57

3.57

2.93

GRG Metrology & Test Group 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															2.76	2.87	2.90	2.51	2.56

Competitive Comparison of GRG Metrology & Test Group Co's Effective Interest Rate on Debt %

For the Consulting Services subindustry, GRG Metrology & Test 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.

GRG Metrology & Test Group Co's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, GRG Metrology & Test Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where GRG Metrology & Test Group Co's Effective Interest Rate on Debt % falls into.

GRG Metrology & Test Group Co Effective Interest Rate on Debt % Calculation

GRG Metrology & Test 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 * -37.326	/	( (1081.923	+	1469.867)	/ 2 )
=	-1 * -37.326	/	1275.895
=	2.93 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	374.42	+	707.503
=	1081.923

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	598.321	+	871.546
=	1469.867

GRG Metrology & Test Group 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 * -38.744	/	( (1557.966	+	1469.867)	/ 2 )
=	-1 * -38.744	/	1513.9165
=	2.56 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	563.049	+	994.917
=	1557.966

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	598.321	+	871.546
=	1469.867

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.

GRG Metrology & Test Group Co (SZSE:002967) Effective Interest Rate on Debt % Explanation

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

GRG Metrology & Test Group Co Effective Interest Rate on Debt % Related Terms

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GRG Metrology & Test Group Co (SZSE:002967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GRG Metrology & Test Group Co Ltd (SZSE:002967) » Definitions » Effective Interest Rate on Debt %

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Address

No. 8, Qishan Road, Room 150, Shiqi Town, Panyu District, Guangdong Province, Guangzhou, CHN, 510656

Website

http://www.grgtest.com

GRG Metrology & Test Group Co Ltd is devoted to standards compiling, product testing and certification, analysis and assessment, consulting and training, test equipment and software research and development, providing state of the art services to various industries including automotive, traffic and rail, communication and electric power and others.

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