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Jiangsu Riying Electronics Co (SHSE:603286) Effective Interest Rate on Debt % : 2.76% (As of Mar. 2024)


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What is Jiangsu Riying Electronics 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. Jiangsu Riying Electronics Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥13.5 Mil. Jiangsu Riying Electronics Co's average total debt for the quarter that ended in Mar. 2024 was ¥488.5 Mil. Therefore, Jiangsu Riying Electronics Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.76%.


Jiangsu Riying Electronics Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Jiangsu Riying Electronics 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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Jiangsu Riying Electronics Co Effective Interest Rate on Debt % Chart

Jiangsu Riying Electronics 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 6.04 5.18 3.58 2.35 1.62

Jiangsu Riying Electronics 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 1.44 1.65 1.70 1.12 2.76

Competitive Comparison of Jiangsu Riying Electronics Co's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Jiangsu Riying Electronics 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.


Jiangsu Riying Electronics Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Jiangsu Riying Electronics Co's Effective Interest Rate on Debt % falls into.



Jiangsu Riying Electronics Co Effective Interest Rate on Debt % Calculation

Jiangsu Riying Electronics 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  *  -7.16/( (392.046+493.026)/ 2 )
=-1  *  -7.16/442.536
=1.62 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.214 + 391.832
=392.046

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 493.026
=493.026

Jiangsu Riying Electronics 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  *  -13.5/( (493.026+483.974)/ 2 )
=-1  *  -13.5/488.5
=2.76 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 493.026
=493.026

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.941 + 475.033
=483.974

* 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.


Jiangsu Riying Electronics Co  (SHSE:603286) Effective Interest Rate on Debt % Explanation

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


Jiangsu Riying Electronics Co Effective Interest Rate on Debt % Related Terms

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Jiangsu Riying Electronics Co (SHSE:603286) Business Description

Traded in Other Exchanges
N/A
Address
Hengshan Bridge Fangmao Village, Wujin District, Jiangsu Province, Changzhou City, CHN, 213119
Jiangsu Riying Electronics Co Ltd is engaged in the development of automotive and motorcycle related products and other related solutions in China. Its products mainly include automotive cleaning systems, precision injection molded parts, automotive electronics, automotive wiring harnesses and high voltage distribution boxes, ambient lights, and new energy chain.
Executives
Shi Rong Zhu Director
Jin Zhen Hua senior management
Ji Xian Wei senior management
Han Ya Wei Director
Lu Peng Director

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