GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Oilfield Service Corp (SHSE:600871) » Definitions » Effective Interest Rate on Debt %

Sinopec Oilfield Service (SHSE:600871) Effective Interest Rate on Debt % : 3.26% (As of Mar. 2024)


View and export this data going back to 1995. Start your Free Trial

What is Sinopec Oilfield Service 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. Sinopec Oilfield Service's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥691 Mil. Sinopec Oilfield Service's average total debt for the quarter that ended in Mar. 2024 was ¥21,228 Mil. Therefore, Sinopec Oilfield Service's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.26%.


Sinopec Oilfield Service Effective Interest Rate on Debt % Historical Data

The historical data trend for Sinopec Oilfield Service'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.

* Premium members only.

Sinopec Oilfield Service Effective Interest Rate on Debt % Chart

Sinopec Oilfield Service 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 4.69 4.14 3.55 3.51 3.89

Sinopec Oilfield Service 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 3.27 3.92 3.68 3.96 3.26

Competitive Comparison of Sinopec Oilfield Service's Effective Interest Rate on Debt %

For the Oil & Gas Drilling subindustry, Sinopec Oilfield Service'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.


Sinopec Oilfield Service's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Sinopec Oilfield Service's Effective Interest Rate on Debt % falls into.



Sinopec Oilfield Service Effective Interest Rate on Debt % Calculation

Sinopec Oilfield Service'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  *  -805.017/( (20418+20979.398)/ 2 )
=-1  *  -805.017/20698.699
=3.89 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=977.602 + 19440.398
=20418

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=635.842 + 20343.556
=20979.398

Sinopec Oilfield Service'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  *  -691.488/( (20979.398+21477.328)/ 2 )
=-1  *  -691.488/21228.363
=3.26 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=635.842 + 20343.556
=20979.398

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=757.124 + 20720.204
=21477.328

* 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.


Sinopec Oilfield Service  (SHSE:600871) Effective Interest Rate on Debt % Explanation

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


Sinopec Oilfield Service Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Sinopec Oilfield Service's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Sinopec Oilfield Service (SHSE:600871) Business Description

Industry
Traded in Other Exchanges
Address
No. 9 Jishikou Road, Changyang District, Beijing, CHN, 100728
Sinopec Oilfield Service Corp engages in the provision of onshore and offshore oil and natural gas, exploration, provision of contracting, design, and construction services for the oil and gas projects. It operates through five segments: Geophysics, which provides technical and development, exploration geophysical services; Drilling engineering segment, which provides drilling design, and construction, technical services; Logging and mud logging segment; Special downhole segment, which provides oil engineering technical and construction services; and Engineering construction segment, which provides a package of services, including feasibility studies, procurement, and others. Its geographical segments are, The PRC, Middle East and Other countries.

Sinopec Oilfield Service (SHSE:600871) Headlines

No Headlines