Ningbo Energy Group Co (SHSE:600982) Effective Interest Rate on Debt % : 2.30% (As of Mar. 2024)

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What is Ningbo Energy 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. Ningbo Energy Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥172 Mil. Ningbo Energy Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥7,482 Mil. Therefore, Ningbo Energy Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.30%.

Ningbo Energy Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Ningbo Energy 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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Ningbo Energy Group Co Effective Interest Rate on Debt % Chart

Ningbo Energy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.00

2.01

2.87

2.60

2.40

Ningbo Energy Group 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															2.65	2.86	2.61	1.72	2.30

Competitive Comparison of Ningbo Energy Group Co's Effective Interest Rate on Debt %

For the Utilities - Regulated Electric subindustry, Ningbo Energy 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.

Ningbo Energy Group Co's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ningbo Energy Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Ningbo Energy Group Co Effective Interest Rate on Debt % Calculation

Ningbo Energy Group 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 * -160.218	/	( (5751.482	+	7583.856)	/ 2 )
=	-1 * -160.218	/	6667.669
=	2.40 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2139.259	+	3612.223
=	5751.482

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4148.211	+	3435.645
=	7583.856

Ningbo Energy Group 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 * -171.876	/	( (7583.856	+	7380.746)	/ 2 )
=	-1 * -171.876	/	7482.301
=	2.30 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4148.211	+	3435.645
=	7583.856

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3546.596	+	3834.15
=	7380.746

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.

Ningbo Energy Group Co (SHSE:600982) Effective Interest Rate on Debt % Explanation

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

Ningbo Energy Group Co Effective Interest Rate on Debt % Related Terms

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Ningbo Energy Group Co (SHSE:600982) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Ningbo Energy Group Co Ltd (SHSE:600982) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Ningbo Economic and Technological Development Zone, Dagang Industrial City, Zhejiang Province, Ningbo, CHN, 315042

Website

http://www.nbtp.com.cn

Ningbo Energy Group Co Ltd is a China-based electricity producer. The company is engaged in the generation and distribution of electricity, heat, and ash. Its main business is cogeneration. The company conducts its business mainly in Beilun Chunxiao area and part of the heating area of Beilun City, Jinhua Jinxi Development Zone, and Yujiao Huangjiatun Town.

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