CM Energy Tech Co (HKSE:00206) Effective Interest Rate on Debt % : 0.03% (As of Dec. 2024)

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What is CM Energy Tech 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. CM Energy Tech Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was HK$0 Mil. CM Energy Tech Co's average total debt for the quarter that ended in Dec. 2024 was HK$398 Mil. Therefore, CM Energy Tech Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 0.03%.

CM Energy Tech Co Effective Interest Rate on Debt % Historical Data

The historical data trend for CM Energy Tech 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.

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CM Energy Tech Co Effective Interest Rate on Debt % Chart

CM Energy Tech Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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3.49

2.17

0.87

0.36

0.16

CM Energy Tech Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.94	4.52	-2.53	0.28	0.03

Competitive Comparison of CM Energy Tech Co's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, CM Energy Tech 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.

CM Energy Tech Co's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CM Energy Tech Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where CM Energy Tech Co's Effective Interest Rate on Debt % falls into.

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CM Energy Tech Co Effective Interest Rate on Debt % Calculation

CM Energy Tech Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -0.622	/	( (404.884	+	380.726)	/ 2 )
=	-1 * -0.622	/	392.805
=	0.16 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	172.878	+	232.006
=	404.884

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27.821	+	352.905
=	380.726

CM Energy Tech Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -0.108	/	( (415.586	+	380.726)	/ 2 )
=	-1 * -0.108	/	398.156
=	0.03 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	135.23	+	280.356
=	415.586

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27.821	+	352.905
=	380.726

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

CM Energy Tech Co (HKSE:00206) Effective Interest Rate on Debt % Explanation

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

CM Energy Tech Co Effective Interest Rate on Debt % Related Terms

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CM Energy Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CM Energy Tech Co Ltd (HKSE:00206) » Definitions » Effective Interest Rate on Debt %

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Address

No. 1-7 Sai Tso Wan Road, 3rd Floor, Office Building, Tsing Yi Island, New Territories, Hong Kong, HKG

Website

http://www.cm-energy.com

CM Energy Tech Co Ltd's primary business is offshore wind power installation, core equipment technology, products, and services in the green and clean energy and oil and gas exploration industries, and offshore engineering asset management and new energy business chains. The company has three reportable segments such as Equipment Manufacturing & Packages designs, builds, and installs equipment for land & offshore drilling rigs, wind power platforms, and rigs. Leases self-owned land & offshore drilling rigs. Supply Chain and Integration Services provides supply chain and integration services for oilfield expendables and supplies, and Asset Management and engineering Services offers asset management, engineering services, and sub-leasing of land drilling rigs and diving support vessels.

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