Ningbo Xusheng Group Co (SHSE:603305) Effective Interest Rate on Debt % : 2.62% (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Ningbo Xusheng 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 Xusheng Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥55 Mil. Ningbo Xusheng Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥2,108 Mil. Therefore, Ningbo Xusheng Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.62%.

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

The historical data trend for Ningbo Xusheng 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.

Ningbo Xusheng Group Co Effective Interest Rate on Debt % Chart

Ningbo Xusheng 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

4.22

2.68

1.01

3.46

2.51

Ningbo Xusheng 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															2.02	2.83	2.97	1.24	2.62

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

For the Auto Parts subindustry, Ningbo Xusheng 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 Xusheng Group Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

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

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

Ningbo Xusheng Group Co Effective Interest Rate on Debt % Calculation

Ningbo Xusheng 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 * -45.833	/	( (1771.659	+	1885.578)	/ 2 )
=	-1 * -45.833	/	1828.6185
=	2.51 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	700	+	1071.659
=	1771.659

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	639.7	+	1245.878
=	1885.578

Ningbo Xusheng 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 * -55.208	/	( (1885.578	+	2330.919)	/ 2 )
=	-1 * -55.208	/	2108.2485
=	2.62 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	639.7	+	1245.878
=	1885.578

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1029.7	+	1301.219
=	2330.919

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 Xusheng Group Co (SHSE:603305) Effective Interest Rate on Debt % Explanation

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

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

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

Ningbo Xusheng Group Co (SHSE:603305) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Xusheng Group Co Ltd (SHSE:603305) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 68, Yanshan Hebei Road, Beilun District, Zhejiang, Ningbo, CHN, 315806

Website

http://www.nbxus.com

Ningbo Xusheng Group Co Ltd is engaged in the R&D, production and sales of precision aluminum alloy automotive parts and industrial aluminum alloy parts for thermoforming die-casting and forging. Its products are mainly used in new energy and traditional automotive industries and other machinery manufacturing industries.

Executives

Xu Xu Dong	Director
Ding Hai Ping	Supervisors

Ningbo Xusheng Group Co (SHSE:603305) Headlines

No Headlines