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Weichai Power Co (HKSE:02338) Effective Interest Rate on Debt % : 8.52% (As of Sep. 2024)


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What is Weichai Power 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. Weichai Power Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was HK$4,272 Mil. Weichai Power Co's average total debt for the quarter that ended in Sep. 2024 was HK$50,140 Mil. Therefore, Weichai Power Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 8.52%.

Weichai Power Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Weichai Power 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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Weichai Power Co Effective Interest Rate on Debt % Chart

Weichai Power 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 2.60 2.59 2.67 3.12 6.84

Weichai Power Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 7.19 9.79 8.11 7.92 8.52

Competitive Comparison of Weichai Power Co's Effective Interest Rate on Debt %

For the Auto Manufacturers subindustry, Weichai Power 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.

Weichai Power Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Weichai Power Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


Weichai Power Co Effective Interest Rate on Debt % Calculation

Weichai Power 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  *  -3670.074/( (54817.126+52535.148)/ 2 )
=-1  *  -3670.074/53676.137
=6.84 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=37145.932 + 17671.194
=54817.126

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=33996.543 + 18538.605
=52535.148

Weichai Power Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -4272.244/( (50188.906+50091.37)/ 2 )
=-1  *  -4272.244/50140.138
=8.52 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=31268.34 + 18920.566
=50188.906

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=26122.431 + 23968.939
=50091.37

* 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 four times the quarterly (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Weichai Power Co  (HKSE:02338) Effective Interest Rate on Debt % Explanation

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

Weichai Power Co Effective Interest Rate on Debt % Related Terms

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Weichai Power Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Weichai Power Co Ltd (HKSE:02338) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
SZSE:000625 SHSE:600418 SHSE:601238 SHSE:600733 SZSE:000800 SHSE:601127 SHSE:603529 SHSE:601777 SHSE:600166 SHSE:601965 TSLA TSE:7203 SZSE:002594 MIL:RACE GM XTER:MBG XTER:P911 F XTER:BMW XTER:VOW3
Traded in Other Exchanges
WEICF:USA WI4:Germany 000338:China WI4:Austria
Address
197, Section A, Fu Shou East Street, High Technology Industrial Development Zone, Shandong Province, Weifang, CHN, 261061
Website
https://www.weichaipower.com
Weichai Power Co Ltd is an industrial technology company that offers vehicles and equipment manufacturing, and logistics and supply chain services in China. The operating segments of the company are; Engines segment which includes the manufacturing and sale of engines and related parts; Automobiles and automobile components which includes the manufacturing and sale of automobiles and automobile components other than Engines; Agricultural equipment includes the manufacturing and sale of agricultural equipment (complete machineries), agricultural machineries, agricultural vehicles, and related parts; and the Intelligent logistics segment which generates key revenue, includes forklift trucks production, warehousing technology, and supply chain solution services.
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