Jiangsu Zongyi Co (SHSE:600770) Effective Interest Rate on Debt % : 3.19% (As of Mar. 2024)

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What is Jiangsu Zongyi 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. Jiangsu Zongyi Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥10.3 Mil. Jiangsu Zongyi Co's average total debt for the quarter that ended in Mar. 2024 was ¥323.3 Mil. Therefore, Jiangsu Zongyi Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.19%.

Jiangsu Zongyi Co Effective Interest Rate on Debt % Historical Data

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

Jiangsu Zongyi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.57

4.82

4.98

4.30

3.54

Jiangsu Zongyi 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															2.38	5.07	2.08	3.87	3.19

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

For the Semiconductors subindustry, Jiangsu Zongyi 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.

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

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

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

Jiangsu Zongyi Co Effective Interest Rate on Debt % Calculation

Jiangsu Zongyi 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 * -11.825	/	( (324.361	+	343.278)	/ 2 )
=	-1 * -11.825	/	333.8195
=	3.54 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	156.705	+	167.656
=	324.361

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	143.196	+	200.082
=	343.278

Jiangsu Zongyi 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 * -10.328	/	( (343.278	+	303.257)	/ 2 )
=	-1 * -10.328	/	323.2675
=	3.19 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	143.196	+	200.082
=	343.278

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	138.692	+	164.565
=	303.257

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.

Jiangsu Zongyi Co (SHSE:600770) Effective Interest Rate on Debt % Explanation

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

Jiangsu Zongyi Co Effective Interest Rate on Debt % Related Terms

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Jiangsu Zongyi Co (SHSE:600770) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Jiangsu Zongyi Co Ltd (SHSE:600770) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Zongyi Digital City, Gold Village, Xingdong Town, Tongzhou District, Jiangsu Province, Tongzhou, CHN, 226376

Website

http://www.600770.com

Jiangsu Zongyi Co Ltd is a China-based supplier of solar photovoltaic (PV) system integration and the operator of PV power plant construction. The company has built and operated photovoltaic power plants in different countries such as the United States, Germany, Italy, Czech Republic, Bulgaria, and others.

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