China Resources Gas Group (HKSE:01193) Effective Interest Rate on Debt % : 3.44% (As of Dec. 2023)

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What is China Resources Gas 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 Resources Gas Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$1,014 Mil. China Resources Gas Group's average total debt for the quarter that ended in Dec. 2023 was HK$29,478 Mil. Therefore, China Resources Gas Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.44%.

China Resources Gas Group Effective Interest Rate on Debt % Historical Data

The historical data trend for China Resources Gas 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 Resources Gas Group Effective Interest Rate on Debt % Chart

China Resources Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.29

5.31

4.91

4.45

4.55

China Resources Gas Group 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															4.66	4.11	4.03	3.22	3.44

Competitive Comparison of China Resources Gas Group's Effective Interest Rate on Debt %

For the Utilities - Regulated Gas subindustry, China Resources Gas 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 Resources Gas Group's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Resources Gas Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

China Resources Gas Group Effective Interest Rate on Debt % Calculation

China Resources Gas Group'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 * -940.931	/	( (18123.806	+	23195.988)	/ 2 )
=	-1 * -940.931	/	20659.897
=	4.55 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10325.475	+	7798.331
=	18123.806

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18159.154	+	5036.834
=	23195.988

China Resources Gas Group'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 * -1014.094	/	( (35760.382	+	23195.988)	/ 2 )
=	-1 * -1014.094	/	29478.185
=	3.44 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21996.185	+	13764.197
=	35760.382

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18159.154	+	5036.834
=	23195.988

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.

China Resources Gas Group (HKSE:01193) Effective Interest Rate on Debt % Explanation

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

China Resources Gas Group Effective Interest Rate on Debt % Related Terms

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China Resources Gas Group (HKSE:01193) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Resources Gas Group Ltd (HKSE:01193) » Definitions » Effective Interest Rate on Debt %

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CRGGF:USA LGX1:Germany

Address

26 Harbour Road, Room 1901-02, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crcgas.com

China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2022, CRG's portfolio comprised 273 city gas projects in China. The firm achieved annual gas sales volume of 35.9 billion cubic meters and has connected 53.9 million residential customers, or a penetration rate of 58.2%.

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