GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (OTCPK:CITAF) » Definitions » Effective Interest Rate on Debt %

Cosco Shipping Development Co (Cosco Shipping Development Co) Effective Interest Rate on Debt % : 4.54% (As of Mar. 2024)


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

What is Cosco Shipping Development 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. Cosco Shipping Development Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $572 Mil. Cosco Shipping Development Co's average total debt for the quarter that ended in Mar. 2024 was $12,599 Mil. Therefore, Cosco Shipping Development Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.54%.

Cosco Shipping Development Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Cosco Shipping Development 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.

Cosco Shipping Development Co Effective Interest Rate on Debt % Chart

Cosco Shipping Development 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 3.03 2.00 1.67 2.57 4.18

Cosco Shipping Development 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 4.04 4.41 4.62 4.81 4.54

Competitive Comparison of Cosco Shipping Development Co's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Cosco Shipping Development 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.

Cosco Shipping Development Co's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Cosco Shipping Development Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Cosco Shipping Development Co's Effective Interest Rate on Debt % falls into.


Cosco Shipping Development Co Effective Interest Rate on Debt % Calculation

Cosco Shipping Development 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  *  -545.421/( (13366.155+12723.787)/ 2 )
=-1  *  -545.421/13044.971
=4.18 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8112.237 + 5253.918
=13366.155

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8094.785 + 4629.002
=12723.787

Cosco Shipping Development 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  *  -572.472/( (12723.787+12475.089)/ 2 )
=-1  *  -572.472/12599.438
=4.54 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8094.785 + 4629.002
=12723.787

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8035.415 + 4439.674
=12475.089

* 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.

Cosco Shipping Development Co  (OTCPK:CITAF) Effective Interest Rate on Debt % Explanation

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

Cosco Shipping Development Co Effective Interest Rate on Debt % Related Terms

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

Cosco Shipping Development Co (Cosco Shipping Development Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (OTCPK:CITAF) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
SHSE:600685 SHSE:688297 SHSE:600879 SZSE:000738 SHSE:688563 SHSE:600118 SHSE:600038 SHSE:688281 SZSE:002389 SZSE:300775 GE RTX XPAR:AIR LMT BA XPAR:SAF GD NOC TDG LSE:BA.
Traded in Other Exchanges
CITAY:USA 02866:Hong Kong EZ5:Germany 601866:China
Address
Room A-538, International Trade Building, Pilot Free Trade Zone, Shanghai, CHN, 200127
Website
https://www.cscl.com.cn
COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.

Cosco Shipping Development Co (Cosco Shipping Development Co) Headlines

No Headlines