Fanli Digital Technology Co (SHSE:600228) Effective Interest Rate on Debt % : 5.53% (As of Mar. 2024)

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What is Fanli Digital Technology 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. Fanli Digital Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥1.0 Mil. Fanli Digital Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥17.7 Mil. Therefore, Fanli Digital Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.53%.

Fanli Digital Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Fanli Digital Technology 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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Fanli Digital Technology Co Effective Interest Rate on Debt % Chart

Fanli Digital Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.68

5.63

1.24

5.59

5.50

Fanli Digital Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.52	5.74	5.68	5.67	5.53

Competitive Comparison of Fanli Digital Technology Co's Effective Interest Rate on Debt %

For the Agricultural Inputs subindustry, Fanli Digital Technology 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.

Fanli Digital Technology Co's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

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

* The bar in red indicates where Fanli Digital Technology Co's Effective Interest Rate on Debt % falls into.

Fanli Digital Technology Co Effective Interest Rate on Debt % Calculation

Fanli Digital Technology 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 * -1.117	/	( (22.103	+	18.521)	/ 2 )
=	-1 * -1.117	/	20.312
=	5.50 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.993	+	4.11
=	22.103

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.959	+	4.562
=	18.521

Fanli Digital Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.98	/	( (18.521	+	16.918)	/ 2 )
=	-1 * -0.98	/	17.7195
=	5.53 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.959	+	4.562
=	18.521

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.199	+	4.719
=	16.918

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

Fanli Digital Technology Co (SHSE:600228) Effective Interest Rate on Debt % Explanation

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

Fanli Digital Technology Co Effective Interest Rate on Debt % Related Terms

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Fanli Digital Technology Co (SHSE:600228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Fanli Digital Technology Co Ltd (SHSE:600228) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

No. 31, Changzheng Avenue, Room 805, 8th Floor, Chamber of Commerce Building, Zhanggong District, Jiangxi Province, Ganzhou, CHN, 200232

Website

http://www.corp.fanli.com

Fanli Digital Technology Co Ltd formerly Jiangxi Changjiu Biochemical Industry Co Ltd is a coal chemical company in Jiangxi, China. Its products include synthetic ammonia, urea, methanol, acrylamide, hydrogen peroxide, silica hydrated, liquid carbon dioxide, plastic pipes and oxygen. Geographically, the activities are carried out through China.

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