Zonqing Environmental (HKSE:01855) Effective Interest Rate on Debt % : 5.92% (As of Jun. 2024)

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What is Zonqing Environmental 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. Zonqing Environmental's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was HK$54 Mil. Zonqing Environmental's average total debt for the quarter that ended in Jun. 2024 was HK$908 Mil. Therefore, Zonqing Environmental's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 5.92%.

Zonqing Environmental Effective Interest Rate on Debt % Historical Data

The historical data trend for Zonqing Environmental'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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Zonqing Environmental Effective Interest Rate on Debt % Chart

Zonqing Environmental Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.77

7.86

7.67

8.17

6.90

Zonqing Environmental Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								11.78	7.87	6.80	8.03	5.92

Competitive Comparison of Zonqing Environmental's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Zonqing Environmental'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.

Zonqing Environmental's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zonqing Environmental's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zonqing Environmental's Effective Interest Rate on Debt % falls into.

Zonqing Environmental Effective Interest Rate on Debt % Calculation

Zonqing Environmental'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 * -71.242	/	( (1180.522	+	885.388)	/ 2 )
=	-1 * -71.242	/	1032.955
=	6.90 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	89.055	+	1091.467
=	1180.522

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	88.81	+	796.578
=	885.388

Zonqing Environmental's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -53.742	/	( (885.388	+	930.614)	/ 2 )
=	-1 * -53.742	/	908.001
=	5.92 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	88.81	+	796.578
=	885.388

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	92.728	+	837.886
=	930.614

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 (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Zonqing Environmental (HKSE:01855) Effective Interest Rate on Debt % Explanation

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

Zonqing Environmental Effective Interest Rate on Debt % Related Terms

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Zonqing Environmental Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zonqing Environmental Ltd (HKSE:01855) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.5888, Fuzhi Road, 3rd Floor, Zhongqing Building, Jingyue High-tech Industrial Development Zone, Jilin Province, Changchun, CHN

Website

http://www.zonbong.com

Zonqing Environmental Ltd is principally engaged in landscaping, ecological restoration, and other related projects. Its business segments include City renewal construction services: City operation and maintenance services: Design and consultancy services design, and consultancy for construction projects A majority of revenue is derived from the City renewal construction services segment including construction services for landscaping, ecological restoration, and municipal projects. The group's revenue is generated in the PRC.

Executives

Sun Juqing	2202 Interest of your spouse
Zhao Hongyu	2201 Interest of corporation controlled by you
Zonqing International Investment Limited	2101 Beneficial owner
Liu Haitao	2201 Interest of corporation controlled by you
Wang Tiannv	2202 Interest of your spouse
Zonbong International Investment Limited	2101 Beneficial owner

Zonqing Environmental Headlines

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