HY Energy Group Co (SHSE:600387) Effective Interest Rate on Debt % : 0.08% (As of Mar. 2024)

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What is HY Energy Group 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. HY Energy Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0 Mil. HY Energy Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥549 Mil. Therefore, HY Energy Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.08%.

HY Energy Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for HY Energy Group 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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HY Energy Group Co Effective Interest Rate on Debt % Chart

HY Energy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.75

6.93

5.35

2.19

2.01

HY Energy Group 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															1.66	0.67	2.26	2.81	0.08

Competitive Comparison of HY Energy Group Co's Effective Interest Rate on Debt %

For the Oil & Gas Refining & Marketing subindustry, HY Energy Group 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.

HY Energy Group Co's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, HY Energy Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where HY Energy Group Co's Effective Interest Rate on Debt % falls into.

HY Energy Group Co Effective Interest Rate on Debt % Calculation

HY Energy Group 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 * -8.97	/	( (243.209	+	648.942)	/ 2 )
=	-1 * -8.97	/	446.0755
=	2.01 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	243.209
=	243.209

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	648.942
=	648.942

HY Energy Group 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 * -0.42	/	( (648.942	+	449.942)	/ 2 )
=	-1 * -0.42	/	549.442
=	0.08 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	648.942
=	648.942

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	449.942
=	449.942

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.

HY Energy Group Co (SHSE:600387) Effective Interest Rate on Debt % Explanation

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

HY Energy Group Co Effective Interest Rate on Debt % Related Terms

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HY Energy Group Co (SHSE:600387) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » HY Energy Group Co Ltd (SHSE:600387) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

No. 788, Danfeng Road, Haiyue Building, Binjiang District, Zhejiang, Hangzhou, CHN

Website

http://www.chinahaiyue.com

HY Energy Group Co Ltd is a comprehensive energy enterprise mainly engaged in the energy industry investment in China. It's business layout involves energy warehousing, energy trade, retail terminal, fine chemical, among others. It owns companies such as Northern Petroleum, Ningbo Haiyue and Haiyue Asset Management.

Executives

Ceng Jia	Director
Lu Xiao Jun	Supervisors
Wang Bin	Director
Zhou Yong	senior management
Wu Zhi Biao	senior management
Han Chao	Supervisors
Tan Zhen	senior management
Qiu Guo Liang	senior management
Cheng Zhi Wei	Director
He Tao	Supervisors
Zhang Pei Hua	senior management
Chen Xian Jun	senior management
Tu Jian Ping	Director
Fu Zhi Xiao	Director
Xu Ming	Director

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