Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Effective Interest Rate on Debt % : 7.15% (As of Mar. 2024)

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What is Argus (Shanghai) Textile Chemicals 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. Argus (Shanghai) Textile Chemicals Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥11.2 Mil. Argus (Shanghai) Textile Chemicals Co's average total debt for the quarter that ended in Mar. 2024 was ¥157.0 Mil. Therefore, Argus (Shanghai) Textile Chemicals Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.15%.

Argus (Shanghai) Textile Chemicals Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Argus (Shanghai) Textile Chemicals 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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Argus (Shanghai) Textile Chemicals Co Effective Interest Rate on Debt % Chart

Argus (Shanghai) Textile Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.84

1.40

2.76

2.31

3.53

Argus (Shanghai) Textile Chemicals 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															3.29	2.96	3.52	4.38	7.15

Competitive Comparison of Argus (Shanghai) Textile Chemicals Co's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Argus (Shanghai) Textile Chemicals 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.

Argus (Shanghai) Textile Chemicals Co's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Argus (Shanghai) Textile Chemicals Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Argus (Shanghai) Textile Chemicals Co's Effective Interest Rate on Debt % falls into.

Argus (Shanghai) Textile Chemicals Co Effective Interest Rate on Debt % Calculation

Argus (Shanghai) Textile Chemicals 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 * -6.099	/	( (197.882	+	147.643)	/ 2 )
=	-1 * -6.099	/	172.7625
=	3.53 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	97.344	+	100.538
=	197.882

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	147.643
=	147.643

Argus (Shanghai) Textile Chemicals 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 * -11.228	/	( (147.643	+	166.276)	/ 2 )
=	-1 * -11.228	/	156.9595
=	7.15 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	147.643
=	147.643

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	166.276
=	166.276

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.

Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Effective Interest Rate on Debt % Explanation

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

Argus (Shanghai) Textile Chemicals Co Effective Interest Rate on Debt % Related Terms

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Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Argus (Shanghai) Textile Chemicals Co Ltd (SHSE:603790) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

No. 388 Jinyuan Liu Road, Jiangqiao, Jiading, Room 275-278, Building 16, Shanghai, CHN, 201812

Website

http://www.argus.net.cn

Argus (Shanghai) Textile Chemicals Co Ltd is a Chinese company that manufactures dyes. The company is specialized in the research and development, manufacturing and marketing of textile chemicals and providing technical support services for several specialties. It offers Dyes for cellulose, polyamide, wool, polyester, and silk. While its other products categories include Argasoft products and other auxiliary services related to dying.

Executives

Xie Bing	Directors, senior managers
Gu Zhe Dong	Director
Xu Ya Qin	senior management
Cheng Yu Qing	senior management
Ceng Jian Ping	Director
Hong Bin	senior management
Zheng Yi Hua	Director

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