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Shengli Oil & Gas Pipe Holdings (HKSE:01080) Effective Interest Rate on Debt % : 4.71% (As of Dec. 2023)


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What is Shengli Oil & Gas Pipe 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. Shengli Oil & Gas Pipe Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$16.8 Mil. Shengli Oil & Gas Pipe Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$356.4 Mil. Therefore, Shengli Oil & Gas Pipe Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.71%.


Shengli Oil & Gas Pipe Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Shengli Oil & Gas Pipe 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.

* Premium members only.

Shengli Oil & Gas Pipe Holdings Effective Interest Rate on Debt % Chart

Shengli Oil & Gas Pipe 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 6.04 5.17 4.78 3.25 4.38

Shengli Oil & Gas Pipe 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 4.64 3.94 4.93 4.19 4.71

Competitive Comparison of Shengli Oil & Gas Pipe Holdings's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Shengli Oil & Gas Pipe 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.


Shengli Oil & Gas Pipe Holdings's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Shengli Oil & Gas Pipe Holdings's Effective Interest Rate on Debt % falls into.



Shengli Oil & Gas Pipe Holdings Effective Interest Rate on Debt % Calculation

Shengli Oil & Gas Pipe 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  *  -15.863/( (361.899+362.619)/ 2 )
=-1  *  -15.863/362.259
=4.38 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.159 + 359.74
=361.899

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=102.167 + 260.452
=362.619

Shengli Oil & Gas Pipe 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  *  -16.804/( (350.223+362.619)/ 2 )
=-1  *  -16.804/356.421
=4.71 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=102.891 + 247.332
=350.223

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=102.167 + 260.452
=362.619

* 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.


Shengli Oil & Gas Pipe Holdings  (HKSE:01080) Effective Interest Rate on Debt % Explanation

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


Shengli Oil & Gas Pipe Holdings Effective Interest Rate on Debt % Related Terms

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Shengli Oil & Gas Pipe Holdings (HKSE:01080) Business Description

Traded in Other Exchanges
N/A
Address
Zhongbu Town, Zhangdian District, Shandong Province, Zibo, CHN, 255082
Shengli Oil & Gas Pipe Holdings Ltd is an oil and gas pipe manufacturer in China. It focuses on the design, manufacturing, value-added processing, and servicing of submerged-arc helical welded pipes (SAWH pipes) and submerged-arc longitudinal welded pipes (SAWL pipes), that are used to transport crude oil, refined petroleum products, natural gas, and other related products. It operates two reportable segments which comprise the pipes business and trading business. The majority of the revenue is derived from the pipes business segment that involves the production of submerged-arc helical welded pipes and submerged-arc longitudinal welded pipe which are mainly used for the oil and infrastructure industry. Geographically it derives revenue from Mainland China.
Executives
Zhang Bizhuang 2101 Beneficial owner
Huang Guang 2201 Interest of corporation controlled by you
Chen Haili 2201 Interest of corporation controlled by you
Hzj Holding Limited 2201 Interest of corporation controlled by you
Mefun Group Limited 2101 Beneficial owner
Wei Jun 2201 Interest of corporation controlled by you
Lm Asset Management Corp 2201 Interest of corporation controlled by you
Lm Global Asset Lp 2101 Beneficial owner
Lmt International Corporation Limited 2201 Interest of corporation controlled by you
Shan Dong Min Ying Lian He Tou Zi Kong Gu Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you

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