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Fujian Longxi Bearing Group Co (SHSE:600592) Effective Interest Rate on Debt % : 1.53% (As of Mar. 2025)


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What is Fujian Longxi Bearing 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. Fujian Longxi Bearing Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ¥4 Mil. Fujian Longxi Bearing Group Co's average total debt for the quarter that ended in Mar. 2025 was ¥252 Mil. Therefore, Fujian Longxi Bearing Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 1.53%.


Fujian Longxi Bearing Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Fujian Longxi Bearing 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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Fujian Longxi Bearing Group Co Effective Interest Rate on Debt % Chart

Fujian Longxi Bearing Group 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 3.17 3.25 3.92 1.85 1.33

Fujian Longxi Bearing Group 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 1.86 1.40 1.62 0.82 1.53

Competitive Comparison of Fujian Longxi Bearing Group Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Fujian Longxi Bearing 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.


Fujian Longxi Bearing Group Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fujian Longxi Bearing Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


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Fujian Longxi Bearing Group Co Effective Interest Rate on Debt % Calculation

Fujian Longxi Bearing Group 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  *  -4.547/( (427.488+258.462)/ 2 )
=-1  *  -4.547/342.975
=1.33 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=183.973 + 243.515
=427.488

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=211.729 + 46.733
=258.462

Fujian Longxi Bearing Group 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  *  -3.836/( (258.462+244.556)/ 2 )
=-1  *  -3.836/251.509
=1.53 %

where

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=211.729 + 46.733
=258.462

Total Debt  (Q: Mar. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=197.993 + 46.563
=244.556

* 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.


Fujian Longxi Bearing Group Co  (SHSE:600592) Effective Interest Rate on Debt % Explanation

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


Fujian Longxi Bearing Group Co Effective Interest Rate on Debt % Related Terms

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Fujian Longxi Bearing Group Co Business Description

Traded in Other Exchanges
N/A
Address
Yan'an North Road, Zhangzhou, Fujian, CHN, 363000
Fujian Longxi Bearing Group Co Ltd manufactures spherical plain bearings. It is engaged in the production of spherical plain bearings (SPB), tapered roller bearings, gears, rolling functional components, gearboxes, automobile parts and knitting mechanical equipment.
Executives
Chen Jin Hui Director
Zheng Zhang Hong Director
Chen Zhi Xiong Director
Ceng Fan Pei Director
Lu Jin Zhong senior management
Zhang Tai Sheng Supervisors
Huang Ji Xin senior management
Xu Sha Sheng Director

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