HUANLEJIA Food Group Co (SZSE:300997) Effective Interest Rate on Debt % : 1.18% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is HUANLEJIA Food 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. HUANLEJIA Food Group Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ¥0 Mil. HUANLEJIA Food Group Co's average total debt for the quarter that ended in Dec. 2023 was ¥5 Mil. Therefore, HUANLEJIA Food Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.18%.

HUANLEJIA Food Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for HUANLEJIA Food 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.

* Premium members only.

HUANLEJIA Food Group Co Effective Interest Rate on Debt % Chart

HUANLEJIA Food Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

38.27

5.93

1.00

4.68

3.79

HUANLEJIA Food Group Co Quarterly Data
	Dec17	Dec18	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															4.69	4.73	4.71	4.70	1.18

Competitive Comparison of HUANLEJIA Food Group Co's Effective Interest Rate on Debt %

For the Beverages - Non-Alcoholic subindustry, HUANLEJIA Food 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.

HUANLEJIA Food Group Co's Effective Interest Rate on Debt % Distribution in the Beverages - Non-Alcoholic Industry

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

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

HUANLEJIA Food Group Co Effective Interest Rate on Debt % Calculation

HUANLEJIA Food 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 * -0.216	/	( (6.288	+	5.112)	/ 2 )
=	-1 * -0.216	/	5.7
=	3.79 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.288	+	0
=	6.288

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.112	+	0
=	5.112

HUANLEJIA Food 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 * -0.06	/	( (5.059	+	5.112)	/ 2 )
=	-1 * -0.06	/	5.0855
=	1.18 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.059	+	0
=	5.059

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.112	+	0
=	5.112

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.

HUANLEJIA Food Group Co (SZSE:300997) Effective Interest Rate on Debt % Explanation

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

HUANLEJIA Food Group Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of HUANLEJIA Food Group Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

HUANLEJIA Food Group Co (SZSE:300997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » HUANLEJIA Food Group Co Ltd (SZSE:300997) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 71, Renmin Avenue Middle, Development Zone, 28th, 29th, 31st and 32nd floors of Happy Home Building, Guangdong Province, Zhanjiang, CHN, 524026

Website

https://www.gdhlj.com

HUANLEJIA Food Group Co Ltd is engaged in research and development, production and sales of food and beverage products such as canned fruits, vegetable protein beverages, fruit juice beverages, and lactic acid bacteria beverages.

HUANLEJIA Food Group Co (SZSE:300997) Headlines

No Headlines