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Eastern Communications Co (SHSE:600776) Effective Interest Rate on Debt % : 2.52% (As of Mar. 2024)


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What is Eastern Communications 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. Eastern Communications Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥3 Mil. Eastern Communications Co's average total debt for the quarter that ended in Mar. 2024 was ¥117 Mil. Therefore, Eastern Communications Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.52%.


Eastern Communications Co Effective Interest Rate on Debt % Historical Data

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

Eastern Communications Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.71

Eastern Communications 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 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 - - - 231.53 2.52

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

For the Communication Equipment subindustry, Eastern Communications 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.


Eastern Communications Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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



Eastern Communications Co Effective Interest Rate on Debt % Calculation

Eastern Communications 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  *  -2.016/( (0+117.971)/ 1 )
=-1  *  -2.016/117.971
=1.71 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=109.235 + 8.736
=117.971

Eastern Communications 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  *  -2.948/( (117.971+115.806)/ 2 )
=-1  *  -2.948/116.8885
=2.52 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=109.235 + 8.736
=117.971

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=107.039 + 8.767
=115.806

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


Eastern Communications Co  (SHSE:600776) Effective Interest Rate on Debt % Explanation

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


Eastern Communications Co Effective Interest Rate on Debt % Related Terms

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Eastern Communications Co (SHSE:600776) Business Description

Traded in Other Exchanges
Address
No. 66 Dongxin Avenue, New and High-Technology Development Zone, Binjiang District, Zhejiang, Hangzhou, CHN, 310053
Eastern Communications Co Ltd is a China-based communications services company. It provides solutions for industrial applications and listed companies in the fields of communication and financial technology, communications business, an intelligent manufacturing business and intelligent services and software and other fields. The company's product portfolio includes private network communications and information security products and solutions; financial electronic equipment and operations services; communications and information technology integration services and EMS manufacturing operations. The company's products and solutions are used in China and other international countries.

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