eHi Car Services (eHi Car Services) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2018)

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What is eHi Car Services 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. eHi Car Services's annualized positive value of Interest Expense for the quarter that ended in Jun. 2018 was $0.0 Mil. eHi Car Services's average total debt for the quarter that ended in Jun. 2018 was $879.0 Mil. Therefore, eHi Car Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 was 0.00%.

eHi Car Services Effective Interest Rate on Debt % Historical Data

The historical data trend for eHi Car Services'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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eHi Car Services Effective Interest Rate on Debt % Chart

eHi Car Services Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Effective Interest Rate on Debt %

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10.17

8.27

6.07

6.75

6.21

eHi Car Services Quarterly Data
	Dec12	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17	Jun18
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														6.24	6.20	6.32	-	-

Competitive Comparison of eHi Car Services's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, eHi Car Services'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.

eHi Car Services's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, eHi Car Services's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where eHi Car Services's Effective Interest Rate on Debt % falls into.

eHi Car Services Effective Interest Rate on Debt % Calculation

eHi Car Services's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2016 )	+	Total Debt (A: Dec. 2017 ))	/ count )
=	-1 * -42.557	/	( (533.837	+	836.392)	/ 2 )
=	-1 * -42.557	/	685.1145
=	6.21 %

where

	Total Debt (A: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	399.986	+	133.851
=	533.837

	Total Debt (A: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	448.501	+	387.891
=	836.392

eHi Car Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2017 )	+	Total Debt (Q: Jun. 2018 ))	/ count )
=	-1 * 0	/	( (836.392	+	921.554)	/ 2 )
=	-1 * 0	/	878.973
=	0.00 %

where

	Total Debt (Q: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	448.501	+	387.891
=	836.392

	Total Debt (Q: Jun. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	500.357	+	421.197
=	921.554

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 (Jun. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

eHi Car Services (NYSE:EHIC) Effective Interest Rate on Debt % Explanation

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

eHi Car Services Effective Interest Rate on Debt % Related Terms

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eHi Car Services (eHi Car Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » eHi Car Services Ltd (NYSE:EHIC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

388 Daduhe Road, Unit 12th Floor, Building No. 5, Guosheng Center, Putuo District, Shanghai, CHN, 200062

Website

http://www.1hai.cn

eHi Car Services Ltd provides one-stop car rentals and car services to individuals and corporate and institutional clients. It offers self-drive car rentals to both individual customers & corporate clients. The company offers on-demand chauffeured car services including airport pickup and drop-off, inter-office transfers and other business transportation needs, as well as event-driven activities such as conventions, promotional tours, and special events. It also offers long-term chauffeured services. The company offers international car rental service to its customers. It earns all of its revenues from China.