China BlueChemical (HKSE:03983) Effective Interest Rate on Debt % : 2.40% (As of Dec. 2023)

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What is China BlueChemical 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. China BlueChemical's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$53 Mil. China BlueChemical's average total debt for the quarter that ended in Dec. 2023 was HK$2,207 Mil. Therefore, China BlueChemical's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.40%.

China BlueChemical Effective Interest Rate on Debt % Historical Data

The historical data trend for China BlueChemical'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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China BlueChemical Effective Interest Rate on Debt % Chart

China BlueChemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.91

3.91

3.42

1.82

1.65

China BlueChemical 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															3.67	1.99	1.67	0.96	2.40

Competitive Comparison of China BlueChemical's Effective Interest Rate on Debt %

For the Agricultural Inputs subindustry, China BlueChemical'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.

China BlueChemical's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, China BlueChemical's Effective Interest Rate on Debt % distribution charts can be found below:

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

China BlueChemical Effective Interest Rate on Debt % Calculation

China BlueChemical'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 * -37.391	/	( (2320.93	+	2211.021)	/ 2 )
=	-1 * -37.391	/	2265.9755
=	1.65 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1331.37	+	989.56
=	2320.93

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1487.283	+	723.738
=	2211.021

China BlueChemical'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 * -53	/	( (2203.856	+	2211.021)	/ 2 )
=	-1 * -53	/	2207.4385
=	2.40 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1568.298	+	635.558
=	2203.856

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1487.283	+	723.738
=	2211.021

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.

China BlueChemical (HKSE:03983) Effective Interest Rate on Debt % Explanation

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

China BlueChemical Effective Interest Rate on Debt % Related Terms

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China BlueChemical (HKSE:03983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » China BlueChemical Ltd (HKSE:03983) » Definitions » Effective Interest Rate on Debt %

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CBLUF:USA H1Q:Germany

Address

No. 15, Sanqu, Anzhen Xili, Unit 1707, Kaikang CNOOC Mansion, District 3, Chaoyang District, Beijing, CHN, 100029

Website

https://www.chinabluechem.com.cn

China BlueChemical Ltd is engaged in the development, production, and sales of mineral fertilizers and chemical products. The firm's segments are urea, methanol, phosphorus and compound fertilizer, and others. The urea segment is engaged in the manufacture and sale of urea. It generates maximum revenue from the Urea segment. Geographically, it derives the majority of its revenue from PRC.

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