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Zhejiang Jinghua Laser Technology Co (SHSE:603607) Effective Interest Rate on Debt % : 0.94% (As of Mar. 2024)


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What is Zhejiang Jinghua Laser Technology 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. Zhejiang Jinghua Laser Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥2.2 Mil. Zhejiang Jinghua Laser Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥236.7 Mil. Therefore, Zhejiang Jinghua Laser Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.94%.


Zhejiang Jinghua Laser Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhejiang Jinghua Laser Technology 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.

Zhejiang Jinghua Laser Technology Co Effective Interest Rate on Debt % Chart

Zhejiang Jinghua Laser Technology 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 - 12.52 7.75 2.20 0.94

Zhejiang Jinghua Laser Technology 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 0.09 0.26 -0.03 3.06 0.94

Competitive Comparison of Zhejiang Jinghua Laser Technology Co's Effective Interest Rate on Debt %

For the Packaging & Containers subindustry, Zhejiang Jinghua Laser Technology 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.


Zhejiang Jinghua Laser Technology Co's Effective Interest Rate on Debt % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zhejiang Jinghua Laser Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zhejiang Jinghua Laser Technology Co's Effective Interest Rate on Debt % falls into.



Zhejiang Jinghua Laser Technology Co Effective Interest Rate on Debt % Calculation

Zhejiang Jinghua Laser Technology 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  *  -2.267/( (147.118+333.178)/ 2 )
=-1  *  -2.267/240.148
=0.94 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.178 + 146.94
=147.118

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 333.178
=333.178

Zhejiang Jinghua Laser Technology 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  *  -2.224/( (333.178+140.264)/ 2 )
=-1  *  -2.224/236.721
=0.94 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 333.178
=333.178

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 140.264
=140.264

* 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.


Zhejiang Jinghua Laser Technology Co  (SHSE:603607) Effective Interest Rate on Debt % Explanation

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


Zhejiang Jinghua Laser Technology Co Effective Interest Rate on Debt % Related Terms

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Zhejiang Jinghua Laser Technology Co (SHSE:603607) Business Description

Traded in Other Exchanges
N/A
Address
Zhejiang Province High-tech Industrial Development Zone, Shaoxing, CHN, 312000
Zhejiang Jinghua Laser Technology Co Ltd is a national high-tech enterprise specializing in the manufacture, sales and technology development of laser holographic molded products in China. Its products range include laser holographic anti-counterfeiting film and anti-counterfeiting paper. Its products are widely used in laser holographic anti-counterfeiting packaging in the fields of cigarettes, wine, cosmetics, and food.
Executives
Zhang Jian Fen Supervisors
Yuan Jian Feng Director
Jiang Jian Gen senior management
Chen Jin Tong Director
Xiong Jian Hua Director
Xie Gao Xiang Directors, senior managers
Sun Jian Cheng Directors, senior managers
Qi Qi Fan senior management
Shao Bo senior management
Feng Yi Ping Directors, senior managers
Feng Yi Hong senior management
Xie Wei Dong Supervisors
Qian Ming Jun Director
Wang Fu Qing Supervisors

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