Shandong Linglong Tyre Co (SHSE:601966) Effective Interest Rate on Debt % : 2.54% (As of Mar. 2024)

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What is Shandong Linglong Tyre 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. Shandong Linglong Tyre Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥317 Mil. Shandong Linglong Tyre Co's average total debt for the quarter that ended in Mar. 2024 was ¥12,498 Mil. Therefore, Shandong Linglong Tyre Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.54%.

Shandong Linglong Tyre Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shandong Linglong Tyre 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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Shandong Linglong Tyre Co Effective Interest Rate on Debt % Chart

Shandong Linglong Tyre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.90

4.12

3.13

2.06

2.56

Shandong Linglong Tyre 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															2.19	2.80	2.56	2.66	2.54

Competitive Comparison of Shandong Linglong Tyre Co's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Shandong Linglong Tyre 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.

Shandong Linglong Tyre Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shandong Linglong Tyre Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shandong Linglong Tyre Co's Effective Interest Rate on Debt % falls into.

Shandong Linglong Tyre Co Effective Interest Rate on Debt % Calculation

Shandong Linglong Tyre 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 * -272.185	/	( (8918.352	+	12332.168)	/ 2 )
=	-1 * -272.185	/	10625.26
=	2.56 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2023.73	+	6894.622
=	8918.352

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2218.826	+	10113.342
=	12332.168

Shandong Linglong Tyre 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 * -317.08	/	( (12332.168	+	12663.372)	/ 2 )
=	-1 * -317.08	/	12497.77
=	2.54 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2218.826	+	10113.342
=	12332.168

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3605.785	+	9057.587
=	12663.372

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.

Shandong Linglong Tyre Co (SHSE:601966) Effective Interest Rate on Debt % Explanation

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

Shandong Linglong Tyre Co Effective Interest Rate on Debt % Related Terms

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Shandong Linglong Tyre Co (SHSE:601966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Linglong Tyre Co Ltd (SHSE:601966) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 777, Jinlong Road, Shandong, Zhaoyuan, CHN, 265406

Website

http://www.linglong.cn

Shandong Linglong Tyre Co Ltd is a China-based tire manufacturing company engaged in the business of manufacturing and selling tires. Its product portfolio comprises of passenger car radial tires, light truck radial tires, truck and bus radial tires, specialty tires, winter tires, SUV tires and others. It offers tire products under the brands Linglong, LEAO, Infinity, Shanling, and Atlas.

Executives

Yang Ke Feng	Director
Lv Xiao Yan	senior management
Sun Song Tao	senior management
Feng Bao Chun	senior management

Shandong Linglong Tyre Co (SHSE:601966) Headlines

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