Pujiang International Group (HKSE:02060) Effective Interest Rate on Debt % : 6.14% (As of Jun. 2023)

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What is Pujiang International 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. Pujiang International Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was HK$153 Mil. Pujiang International Group's average total debt for the quarter that ended in Jun. 2023 was HK$2,483 Mil. Therefore, Pujiang International Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 6.14%.

Pujiang International Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Pujiang International 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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Pujiang International Group Effective Interest Rate on Debt % Chart

Pujiang International Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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8.85

7.92

7.20

5.83

6.00

Pujiang International Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								6.12	6.08	6.80	5.67	6.14

Competitive Comparison of Pujiang International Group's Effective Interest Rate on Debt %

For the Metal Fabrication subindustry, Pujiang International 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.

Pujiang International Group's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pujiang International Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Pujiang International Group's Effective Interest Rate on Debt % falls into.

Pujiang International Group Effective Interest Rate on Debt % Calculation

Pujiang International Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -150.219	/	( (2522.611	+	2486.976)	/ 2 )
=	-1 * -150.219	/	2504.7935
=	6.00 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	86.642	+	2435.969
=	2522.611

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	106.862	+	2380.114
=	2486.976

Pujiang International Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -152.57	/	( (2486.976	+	2479.869)	/ 2 )
=	-1 * -152.57	/	2483.4225
=	6.14 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	106.862	+	2380.114
=	2486.976

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	78.281	+	2401.588
=	2479.869

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Pujiang International Group (HKSE:02060) Effective Interest Rate on Debt % Explanation

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

Pujiang International Group Effective Interest Rate on Debt % Related Terms

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Pujiang International Group (HKSE:02060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pujiang International Group Ltd (HKSE:02060) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

518 Shangcheng Road, 16th Floor, Shanghai, CHN, 200120

Website

http://www.pji-group.com

Pujiang International Group Ltd is a provider of bridge cables for the construction of super-long-span bridges in China and prestressed materials manufacturers in China. It is principally engaged in the manufacture of cables for the construction of bridges and prestressed materials for various infrastructure construction. The company has two main reporting business segments, namely, the business which manufactures cables for long-span bridges (the Cable Business) and the business which manufactures prestressed materials for various infrastructure construction (the Prestressed Materials Business). The Group's revenue customers are derived mainly from its operations in China.

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