KTK Group Co (SHSE:603680) Effective Interest Rate on Debt % : 3.02% (As of Mar. 2024)

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What is KTK 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. KTK Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥43 Mil. KTK Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥1,437 Mil. Therefore, KTK Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.02%.

KTK Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for KTK 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.

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KTK Group Co Effective Interest Rate on Debt % Chart

KTK Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.99

3.86

3.22

3.10

3.40

KTK 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															3.78	2.53	2.02	3.90	3.02

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

For the Railroads subindustry, KTK 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.

KTK Group Co's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, KTK Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

KTK Group Co Effective Interest Rate on Debt % Calculation

KTK 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 * -55.369	/	( (1776.802	+	1478.12)	/ 2 )
=	-1 * -55.369	/	1627.461
=	3.40 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	198.004	+	1578.798
=	1776.802

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	446.509	+	1031.611
=	1478.12

KTK 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 * -43.392	/	( (1478.12	+	1394.945)	/ 2 )
=	-1 * -43.392	/	1436.5325
=	3.02 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	446.509	+	1031.611
=	1478.12

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	500.507	+	894.438
=	1394.945

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.

KTK Group Co (SHSE:603680) Effective Interest Rate on Debt % Explanation

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

KTK Group Co Effective Interest Rate on Debt % Related Terms

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KTK Group Co (SHSE:603680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » KTK Group Co Ltd (SHSE:603680) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.88-89, Jinchuang Road, Yaoguan Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213000

Website

http://www.ktk.com.cn

KTK Group Co Ltd is engaged in research and development, production, sales and service of rail transit vehicle accessory products. The company's products are mainly divided into rail transport vehicles interior, electrical and equipment products, covering more than a thousand subdivision products such as door system, seat, and kitchen. Further, it is also engaged in the manufacturing of auxiliary electrical systems, information display systems, coupler systems, brake systems, shock absorption systems and other ancillary products. The company primarily serves global rail transit equipment giants such as China CRRC, Bombardier, Alstom, and Siemens, as well as Chinese urban rail metro customers.

Executives

Ge Yao Hong	Directors, senior managers
Sun Chao	senior management
Cao Zhang Bao	senior management
Li Jun	Directors, senior managers
Jin Yan	Directors, senior managers
Wang Hong Bin	senior management
Zou Chun Zhong	senior management
Zhang Huai Bin	senior management
Wang Yi Jin	senior management
Zuo Xiao Peng	senior management
Du Yan	Director
Luo Yi	Directors, senior managers
Yu Jin Kun	Directors, senior managers
Zhang Cun Gang	Supervisors
Qian Bo	Supervisors

KTK Group Co (SHSE:603680) Headlines

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