Xinte Energy Co (HKSE:01799) Effective Interest Rate on Debt % : 1.96% (As of Dec. 2023)

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What is Xinte Energy 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. Xinte Energy Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$625 Mil. Xinte Energy Co's average total debt for the quarter that ended in Dec. 2023 was HK$31,848 Mil. Therefore, Xinte Energy Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.96%.

Xinte Energy Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Xinte Energy 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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Xinte Energy Co Effective Interest Rate on Debt % Chart

Xinte Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.87

3.65

3.22

2.95

2.56

Xinte Energy Co Semi-Annual Data
	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														3.98	2.65	2.67	2.31	1.96

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

For the Solar subindustry, Xinte Energy 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.

Xinte Energy Co's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Xinte Energy Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Xinte Energy Co Effective Interest Rate on Debt % Calculation

Xinte Energy Co'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 * -801.947	/	( (29763.588	+	32780.325)	/ 2 )
=	-1 * -801.947	/	31271.9565
=	2.56 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20042.744	+	9720.844
=	29763.588

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21976.268	+	10804.057
=	32780.325

Xinte Energy Co'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 * -624.99	/	( (30914.759	+	32780.325)	/ 2 )
=	-1 * -624.99	/	31847.542
=	1.96 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19040.145	+	11874.614
=	30914.759

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21976.268	+	10804.057
=	32780.325

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.

Xinte Energy Co (HKSE:01799) Effective Interest Rate on Debt % Explanation

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

Xinte Energy Co Effective Interest Rate on Debt % Related Terms

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Xinte Energy Co (HKSE:01799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xinte Energy Co Ltd (HKSE:01799) » Definitions » Effective Interest Rate on Debt %

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9M7:Germany

Address

No. 2249, Zhongxin Street, Ganquanpu Economic and Technological Development Zone, Xinjiang, Urumqi, CHN

Website

https://www.xinteenergy.com

Xinte Energy Co Ltd is engaged in the manufacturing of solar-grade polysilicon and photovoltaic project developers. It operates in four segments: Polysilicon, Construction of wind power & PV power plants, Operation of wind power & PV power plants, and Others. Other segments mainly comprise businesses including manufacturing and sales of the inverter, flexible direct current transmission converter valve, SVG, and other miscellaneous services. Business activity functions in the region of China.

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