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China Gerui Advanced Materials Group (FRA:G60A) Effective Interest Rate on Debt % : 3.61% (As of Sep. 2014)


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What is China Gerui Advanced Materials Group 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. China Gerui Advanced Materials Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2014 was €6.36 Mil. China Gerui Advanced Materials Group's average total debt for the quarter that ended in Sep. 2014 was €176.16 Mil. Therefore, China Gerui Advanced Materials Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2014 was 3.61%.


China Gerui Advanced Materials Group Effective Interest Rate on Debt % Historical Data

The historical data trend for China Gerui Advanced Materials Group'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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China Gerui Advanced Materials Group Effective Interest Rate on Debt % Chart

China Gerui Advanced Materials Group Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 4.72 5.33 3.42 2.90 3.38

China Gerui Advanced Materials Group Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 3.65 1.61 2.33 2.65 3.61

Competitive Comparison of China Gerui Advanced Materials Group's Effective Interest Rate on Debt %

For the Steel subindustry, China Gerui Advanced Materials Group'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.


China Gerui Advanced Materials Group's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, China Gerui Advanced Materials Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Gerui Advanced Materials Group's Effective Interest Rate on Debt % falls into.



China Gerui Advanced Materials Group Effective Interest Rate on Debt % Calculation

China Gerui Advanced Materials Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2013 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2012 )+Total Debt  (A: Dec. 2013 ))/ count )
=-1  *  -7.751/( (242.846+216.043)/ 2 )
=-1  *  -7.751/229.4445
=3.38 %

where

Total Debt  (A: Dec. 2012 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 242.846
=242.846

Total Debt  (A: Dec. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.508 + 206.535
=216.043

China Gerui Advanced Materials Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2014 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2014 )+Total Debt  (Q: Sep. 2014 ))/ count )
=-1  *  -6.356/( (183.837+168.479)/ 2 )
=-1  *  -6.356/176.158
=3.61 %

where

Total Debt  (Q: Jun. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.788 + 177.049
=183.837

Total Debt  (Q: Sep. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 168.479
=168.479

* 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 (Sep. 2014) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


China Gerui Advanced Materials Group  (FRA:G60A) Effective Interest Rate on Debt % Explanation

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


China Gerui Advanced Materials Group Effective Interest Rate on Debt % Related Terms

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China Gerui Advanced Materials Group (FRA:G60A) Business Description

Traded in Other Exchanges
N/A
Address
1 Shuanghu Development Zone, Zhengzhou, Xinzheng City, Henan, CHN, 451191
China Gerui Advanced Materials Group Ltd is a China-based steel processor company. It manufactures high precision cold-rolled narrow strip steel products and converts steel manufactured into thin steel sheets and strips. It mainly produces ultra-thin, high-strength cold-rolled steel products and chromium plates. The company sells its products to domestic Chinese customers who primarily operate in the food and industrial packaging, construction and household decorations materials, electrical appliances, and telecommunications wires and cables industries.

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