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Minmetals Development Co (SHSE:600058) Effective Interest Rate on Debt % : 6.79% (As of Mar. 2025)


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What is Minmetals Development 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. Minmetals Development Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ¥118 Mil. Minmetals Development Co's average total debt for the quarter that ended in Mar. 2025 was ¥1,733 Mil. Therefore, Minmetals Development Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 6.79%.


Minmetals Development Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Minmetals Development 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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Minmetals Development Co Effective Interest Rate on Debt % Chart

Minmetals Development Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.53 9.32 7.63 10.10 19.89

Minmetals Development Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 4.08 5.15 4.69 9.09 6.79

Competitive Comparison of Minmetals Development Co's Effective Interest Rate on Debt %

For the Steel subindustry, Minmetals Development 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.


Minmetals Development Co's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Minmetals Development Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


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Minmetals Development Co Effective Interest Rate on Debt % Calculation

Minmetals Development Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -239.345/( (1458.107+948.141)/ 2 )
=-1  *  -239.345/1203.124
=19.89 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=178.808 + 1279.299
=1458.107

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=119.717 + 828.424
=948.141

Minmetals Development Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2024 )+Total Debt  (Q: Mar. 2025 ))/ count )
=-1  *  -117.644/( (948.141+2517.133)/ 2 )
=-1  *  -117.644/1732.637
=6.79 %

where

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=119.717 + 828.424
=948.141

Total Debt  (Q: Mar. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=114.348 + 2402.785
=2517.133

* 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 (Mar. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Minmetals Development Co  (SHSE:600058) Effective Interest Rate on Debt % Explanation

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


Minmetals Development Co Effective Interest Rate on Debt % Related Terms

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Minmetals Development Co Business Description

Traded in Other Exchanges
N/A
Address
Building B, No. 5 Sanlihe Road, Haiding District, Beijing, CHN, 100044
Minmetals Development Co Ltd is a steel distribution service provider. The activities of the company include the supply of metallurgical raw materials which includes iron ore, coal, coke, and pig iron, steel trading, processing and distribution, and logistics services.
Executives
Zong Qing Sheng Director
Xu Qiang senior management
Ren Jian Hua senior management
Chen Shao Rong senior management
Feng Gui Quan senior management
Cui Qing Lian senior management
Yao Zi Ping Director
Zhang Yuan Rong Director
Yu Min Supervisors
Zhou Zhong Shu Director
Lu Shao Bo Supervisors
Gao Yong senior management
Wang Zhong Liang senior management

Minmetals Development Co Headlines

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