Tongwei Co (SHSE:600438) Effective Interest Rate on Debt % : 3.60% (As of Sep. 2024)

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What is Tongwei 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. Tongwei Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ¥2,608 Mil. Tongwei Co's average total debt for the quarter that ended in Sep. 2024 was ¥72,492 Mil. Therefore, Tongwei Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 3.60%.

Tongwei Co Effective Interest Rate on Debt % Historical Data

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

Tongwei Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.90

3.87

2.93

0.05

0.29

Tongwei 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															4.13	-8.77	2.99	3.00	3.60

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

For the Solar subindustry, Tongwei 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.

Tongwei Co's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Tongwei Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Tongwei Co Effective Interest Rate on Debt % Calculation

Tongwei 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 * -109.043	/	( (30892.858	+	45384.217)	/ 2 )
=	-1 * -109.043	/	38138.5375
=	0.29 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28592.992	+	2299.866
=	30892.858

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43146.703	+	2237.514
=	45384.217

Tongwei 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 * -2607.912	/	( (70492.707	+	74491.981)	/ 2 )
=	-1 * -2607.912	/	72492.344
=	3.60 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	63757.751	+	6734.956
=	70492.707

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	64635.26	+	9856.721
=	74491.981

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.

Tongwei Co (SHSE:600438) Effective Interest Rate on Debt % Explanation

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

Tongwei Co Effective Interest Rate on Debt % Related Terms

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Tongwei Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tongwei Co Ltd (SHSE:600438) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 588, Middle Section Tianfu Avenue, High-Tech Zone, Tongwei International Center, Sichuan, Chengdu, CHN, 610041

Website

http://www.tongwei.com.cn

Tongwei is the largest polysilicon producer in the world. It produced 389 thousand metric tons of polysilicon in 2023, accounting for 27% of total production in China. Polysilicon contributed 32% of revenue and 65% of gross profit in 2023. Tongwei is also a global leading solar cell and module supplier.

Executives

Zhou Bin	senior management
Xie Yi	Director
Song Gang Jie	senior management
Yang Shi Xian	Supervisors
Shen Jin Zhu	senior management
Duan Yong	Director
Deng San	Supervisors
Chen Ping Fu	senior management
Zhang Lu	senior management
Wang Shang Wen	senior management
Guo Yi Zhong	senior management
Yan Hu	Director
Hong Rui	senior management
Yuan Shi Hua	senior management
Yan Bao Quan	Supervisors

Tongwei Co Headlines

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