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Geely Automobile Holdings (Geely Automobile Holdings) Effective Interest Rate on Debt % : 4.13% (As of Dec. 2023)


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What is Geely Automobile Holdings 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. Geely Automobile Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $42 Mil. Geely Automobile Holdings's average total debt for the quarter that ended in Dec. 2023 was $1,013 Mil. Therefore, Geely Automobile Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.13%.


Geely Automobile Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Geely Automobile Holdings'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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Geely Automobile Holdings Effective Interest Rate on Debt % Chart

Geely Automobile Holdings 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 3.31 4.24 6.34 5.02 3.87

Geely Automobile Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 5.52 4.45 3.54 5.38 4.13

Competitive Comparison of Geely Automobile Holdings's Effective Interest Rate on Debt %

For the Auto Manufacturers subindustry, Geely Automobile Holdings'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.


Geely Automobile Holdings's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Geely Automobile Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Geely Automobile Holdings's Effective Interest Rate on Debt % falls into.



Geely Automobile Holdings Effective Interest Rate on Debt % Calculation

Geely Automobile Holdings'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  *  -58.404/( (1887.11+1134.449)/ 2 )
=-1  *  -58.404/1510.7795
=3.87 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1511.452 + 375.658
=1887.11

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1028.904 + 105.545
=1134.449

Geely Automobile Holdings'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: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -41.856/( (892.129+1134.449)/ 2 )
=-1  *  -41.856/1013.289
=4.13 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=794.702 + 97.427
=892.129

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1028.904 + 105.545
=1134.449

* 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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Geely Automobile Holdings  (OTCPK:GELYY) Effective Interest Rate on Debt % Explanation

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


Geely Automobile Holdings Effective Interest Rate on Debt % Related Terms

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Geely Automobile Holdings (Geely Automobile Holdings) Business Description

Address
23 Harbour Road, Room 2301, 23rd Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG
Based in Hangzhou, Zhejiang province, Geely Automobile Holdings manufactures and sells passenger vehicles and automotive parts. Geely is the largest local brand manufacturer and the third largest passenger vehicle brand in terms of sales volume in China. The firm formed a joint venture with Volvo in 2016 to build cars under the Lynk & Co brand. The new brand targets a young audience with sales and marketing approaches closely resembling those of modern lifestyle brands. Including Lynk & Co, Geely sold about 1.4 million cars in 2022. The domestic market accounts for more than 90% of Geely's revenue, with the rest coming from other parts of the world.

Geely Automobile Holdings (Geely Automobile Holdings) Headlines