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Anhui Zhongyuan New Materials Co (SHSE:603527) Effective Interest Rate on Debt % : 3.47% (As of Mar. 2024)


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What is Anhui Zhongyuan New Materials 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. Anhui Zhongyuan New Materials Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥23 Mil. Anhui Zhongyuan New Materials Co's average total debt for the quarter that ended in Mar. 2024 was ¥666 Mil. Therefore, Anhui Zhongyuan New Materials Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.47%.


Anhui Zhongyuan New Materials Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Anhui Zhongyuan New Materials 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.

Anhui Zhongyuan New Materials Co Effective Interest Rate on Debt % Chart

Anhui Zhongyuan New Materials 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 4.93 3.75 4.09 4.12 3.98

Anhui Zhongyuan New Materials 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 3.33 3.26 3.43 3.43 3.47

Competitive Comparison of Anhui Zhongyuan New Materials Co's Effective Interest Rate on Debt %

For the Metal Fabrication subindustry, Anhui Zhongyuan New Materials 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.


Anhui Zhongyuan New Materials Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Anhui Zhongyuan New Materials Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Anhui Zhongyuan New Materials Co's Effective Interest Rate on Debt % falls into.



Anhui Zhongyuan New Materials Co Effective Interest Rate on Debt % Calculation

Anhui Zhongyuan New Materials 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  *  -22.536/( (479.978+652.406)/ 2 )
=-1  *  -22.536/566.192
=3.98 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=91.393 + 388.585
=479.978

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=132.377 + 520.029
=652.406

Anhui Zhongyuan New Materials 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  *  -23.14/( (652.406+679.723)/ 2 )
=-1  *  -23.14/666.0645
=3.47 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=132.377 + 520.029
=652.406

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=142.153 + 537.57
=679.723

* 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.


Anhui Zhongyuan New Materials Co  (SHSE:603527) Effective Interest Rate on Debt % Explanation

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


Anhui Zhongyuan New Materials Co Effective Interest Rate on Debt % Related Terms

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Anhui Zhongyuan New Materials Co (SHSE:603527) Business Description

Traded in Other Exchanges
N/A
Address
Fengming Lake Road 48, Economic and Technological Development Zone, Wuhu, CHN
Anhui Zhongyuan New Materials Co Ltd is mainly engaged in research and development, production, sales and service of high precision purple copper belt in China. Its products include raw materials such as transformer copper belts, power cable copper belts, electronic appliance copper belts, heat exchanger copper belts, and coinage copper belts.
Executives
Jie Guang Sheng Director
Tao Jun Bing Directors, senior managers
Huang Huai Feng Supervisors
Tao Chang Mei Director
Wu Ping Director
Li Ming Jun Director
Feng Quan Hu Director
Wang Cheng Director
He Xiao Hai Director
Xi Hai Bo Director
Ruan Ji You Director

Anhui Zhongyuan New Materials Co (SHSE:603527) Headlines

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