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Tianneng Power International (HKSE:00819) Effective Interest Rate on Debt % : 4.80% (As of Dec. 2023)


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What is Tianneng Power International 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. Tianneng Power International's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$536 Mil. Tianneng Power International's average total debt for the quarter that ended in Dec. 2023 was HK$11,173 Mil. Therefore, Tianneng Power International's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.80%.


Tianneng Power International Effective Interest Rate on Debt % Historical Data

The historical data trend for Tianneng Power International'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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Tianneng Power International Effective Interest Rate on Debt % Chart

Tianneng Power International 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 10.65 11.72 8.58 6.24 6.26

Tianneng Power International 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 5.29 5.06 5.27 5.38 4.80

Competitive Comparison of Tianneng Power International's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Tianneng Power International'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.


Tianneng Power International's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Tianneng Power International's Effective Interest Rate on Debt % falls into.



Tianneng Power International Effective Interest Rate on Debt % Calculation

Tianneng Power International'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  *  -528.055/( (6931.975+9932.666)/ 2 )
=-1  *  -528.055/8432.3205
=6.26 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1828.793 + 5103.182
=6931.975

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3098.774 + 6833.892
=9932.666

Tianneng Power International'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  *  -536.18/( (12413.866+9932.666)/ 2 )
=-1  *  -536.18/11173.266
=4.80 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1516.043 + 10897.823
=12413.866

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3098.774 + 6833.892
=9932.666

* 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.


Tianneng Power International  (HKSE:00819) Effective Interest Rate on Debt % Explanation

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


Tianneng Power International Effective Interest Rate on Debt % Related Terms

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Tianneng Power International (HKSE:00819) Business Description

Traded in Other Exchanges
N/A
Address
18 Harbour Road, Suite 3202, 32nd Floor, Central Plaza, Wanchai, Hong Kong, HKG
Tianneng Power International Ltd is an electronic components company. It operates through two business segments: sales of batteries and battery-related accessories, and trading of new energy material. The company is primarily engaged in manufacturing and selling of lead-acid batteries and battery-related accessories including motive, solar, and wind-powered batteries, lithium battery products, electrical bicycle batteries, and special-purpose batteries mainly used for electrical vehicles, and energy storage battery, among others. A vast majority of revenue is generated by the company's sale of batteries and battery-related accessories segment, and the company earns most of its revenue in The People's Republic of China.
Executives
Ubs Group Ag 2201 Interest of corporation controlled by you
Yang Yaping 2202 Interest of your spouse
Zhang Tianren 2201 Interest of corporation controlled by you
Prime Leader Global Limited 2101 Beneficial owner

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