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Zhaojin Mining Industry Co (HKSE:01818) Effective Interest Rate on Debt % : 2.63% (As of Dec. 2023)


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What is Zhaojin Mining Industry 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. Zhaojin Mining Industry Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$577 Mil. Zhaojin Mining Industry Co's average total debt for the quarter that ended in Dec. 2023 was HK$21,968 Mil. Therefore, Zhaojin Mining Industry Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.63%.


Zhaojin Mining Industry Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhaojin Mining Industry 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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Zhaojin Mining Industry Co Effective Interest Rate on Debt % Chart

Zhaojin Mining Industry Co 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 3.95 4.02 3.60 2.70 3.11

Zhaojin Mining Industry Co 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 3.05 2.93 2.22 2.99 2.63

Competitive Comparison of Zhaojin Mining Industry Co's Effective Interest Rate on Debt %

For the Gold subindustry, Zhaojin Mining Industry 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.


Zhaojin Mining Industry Co's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zhaojin Mining Industry Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zhaojin Mining Industry Co's Effective Interest Rate on Debt % falls into.



Zhaojin Mining Industry Co Effective Interest Rate on Debt % Calculation

Zhaojin Mining Industry 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  *  -628.81/( (21004.95+19454.911)/ 2 )
=-1  *  -628.81/20229.9305
=3.11 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9121.886 + 11883.064
=21004.95

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10892.47 + 8562.441
=19454.911

Zhaojin Mining Industry 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  *  -576.77/( (24481.116+19454.911)/ 2 )
=-1  *  -576.77/21968.0135
=2.63 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9629.455 + 14851.661
=24481.116

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10892.47 + 8562.441
=19454.911

* 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.


Zhaojin Mining Industry Co  (HKSE:01818) Effective Interest Rate on Debt % Explanation

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


Zhaojin Mining Industry Co Effective Interest Rate on Debt % Related Terms

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Zhaojin Mining Industry Co (HKSE:01818) Business Description

Traded in Other Exchanges
Address
1 Matheson Street, Times Square, 31st Floor, Tower Two, Causeway Bay, Hong Kong, HKG
Zhaojin Mining Industry Co Ltd is engaged in the mining, processing, smelting, and sale of gold and silver products. The exploration, mining, ore processing, smelting, and sale of gold and other metallic products, is a large integrated mining enterprise specializing in the production of gold. It produces two kinds of gold products, Au9999 and Au9995 gold bullions under the brand Zhaojin. It has three reportable operating segments, the gold operations segment consists of gold mining and smelting operations; the copper operations segment consists of copper mining and smelting operations; the others segment comprises other investment activities, operation of a finance company, operation and catering services of a hotel, exploration services and engineering design and consulting services.
Executives
Van Eck Associates Corporation 2102 Investment manager
Shan Dong Zhao Jin Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Zi Jin Kuang Ye Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Jin Shan Xiang Gang Guo Ji Kuang Ye You Xian Gong Si 2101 Beneficial owner
Fosun International Holdings Ltd. 2201 Interest of corporation controlled by you
Fosun International Limited 2201 Interest of corporation controlled by you
Guo Guangchang 2201 Interest of corporation controlled by you
Shanghai Fosun Industrial Investment Co., Ltd. 2201 Interest of corporation controlled by you
Shang Hai Yu Yuan Lv You Shang Cheng Ji Tuan Gu Fen You Xian Gong Si 2101 Beneficial owner
Vaneck Etf - Vaneck Gold Miners Etf 2101 Beneficial owner

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