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Shanghai Guangdian Electric Group Co (SHSE:601616) Effective Interest Rate on Debt % : 7.00% (As of Jun. 2024)


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What is Shanghai Guangdian Electric 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. Shanghai Guangdian Electric Group Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ¥1.2 Mil. Shanghai Guangdian Electric Group Co's average total debt for the quarter that ended in Jun. 2024 was ¥17.0 Mil. Therefore, Shanghai Guangdian Electric Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 7.00%.


Shanghai Guangdian Electric Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shanghai Guangdian Electric 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.

* Premium members only.

Shanghai Guangdian Electric Group Co Effective Interest Rate on Debt % Chart

Shanghai Guangdian Electric Group 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 0.18 4.72 5.37 5.08 4.55

Shanghai Guangdian Electric Group Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 2.23 -1.30 9.07 2.36 7.00

Competitive Comparison of Shanghai Guangdian Electric Group Co's Effective Interest Rate on Debt %

For the Electronics & Computer Distribution subindustry, Shanghai Guangdian Electric 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.


Shanghai Guangdian Electric Group Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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



Shanghai Guangdian Electric Group Co Effective Interest Rate on Debt % Calculation

Shanghai Guangdian Electric 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  *  -1.959/( (55.766+30.381)/ 2 )
=-1  *  -1.959/43.0735
=4.55 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17.35 + 38.416
=55.766

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 30.381
=30.381

Shanghai Guangdian Electric Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -1.192/( (17.372+16.669)/ 2 )
=-1  *  -1.192/17.0205
=7.00 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 17.372
=17.372

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 16.669
=16.669

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


Shanghai Guangdian Electric Group Co  (SHSE:601616) Effective Interest Rate on Debt % Explanation

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


Shanghai Guangdian Electric Group Co Effective Interest Rate on Debt % Related Terms

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Shanghai Guangdian Electric Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1,Lane 123,East Huancheng Road, Fengxian, Shanghai, CHN, 201401
Shanghai Guangdian Electric Group Co Ltd designs, develops, manufactures, and markets distribution and control products and solution services in China. The company provides switchgear, medium voltage equipment, vacuum circuit breakers, low voltage switchgear and distribution panels among others.
Executives
Wang Jiang senior management
Yan Huai Zhong Director
Director
Zhu Guang Ming Supervisors
He Yue Nan Supervisors
He Zhen Hua senior management

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