GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Suzhou Douson Drilling and Production Equipment Co Ltd (SHSE:603800) » Definitions » Effective Interest Rate on Debt %

Suzhou Douson Drilling and Production Equipment Co (SHSE:603800) Effective Interest Rate on Debt % : 2.64% (As of Mar. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Suzhou Douson Drilling and Production Equipment 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. Suzhou Douson Drilling and Production Equipment Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥23 Mil. Suzhou Douson Drilling and Production Equipment Co's average total debt for the quarter that ended in Mar. 2024 was ¥888 Mil. Therefore, Suzhou Douson Drilling and Production Equipment Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.64%.


Suzhou Douson Drilling and Production Equipment Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Suzhou Douson Drilling and Production Equipment 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.

Suzhou Douson Drilling and Production Equipment Co Effective Interest Rate on Debt % Chart

Suzhou Douson Drilling and Production Equipment 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 5.22 4.20 5.89 4.76 3.42

Suzhou Douson Drilling and Production Equipment 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 4.69 0.17 - 3.85 2.64

Competitive Comparison of Suzhou Douson Drilling and Production Equipment Co's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Suzhou Douson Drilling and Production Equipment 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.


Suzhou Douson Drilling and Production Equipment Co's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Suzhou Douson Drilling and Production Equipment Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Suzhou Douson Drilling and Production Equipment Co's Effective Interest Rate on Debt % falls into.



Suzhou Douson Drilling and Production Equipment Co Effective Interest Rate on Debt % Calculation

Suzhou Douson Drilling and Production Equipment 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  *  -23.007/( (549.118+794.623)/ 2 )
=-1  *  -23.007/671.8705
=3.42 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=232.308 + 316.81
=549.118

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=477.54 + 317.083
=794.623

Suzhou Douson Drilling and Production Equipment 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  *  -23.46/( (794.623+981.614)/ 2 )
=-1  *  -23.46/888.1185
=2.64 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=477.54 + 317.083
=794.623

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=522.576 + 459.038
=981.614

* 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.


Suzhou Douson Drilling and Production Equipment Co  (SHSE:603800) Effective Interest Rate on Debt % Explanation

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


Suzhou Douson Drilling and Production Equipment Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Suzhou Douson Drilling and Production Equipment Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Suzhou Douson Drilling and Production Equipment Co (SHSE:603800) Business Description

Traded in Other Exchanges
N/A
Address
Xingtai Road, Taiping Town, Xiangcheng District, Suzhou, CHN, 215137
Suzhou Douson Drilling and Production Equipment Co Ltd is engaged in manufacturing and selling drilling equipment, production wellheads, valves and well control equipment. Its main products are Wellhead equipment and oil and gas (gas) trees, well control equipment, pipeline valves, top drive spindles and other oil and gas drilling equipment. Its products are widely used in the drilling, development, production and other fields of oil and gas, natural gas and shale oil and gas resources.

Suzhou Douson Drilling and Production Equipment Co (SHSE:603800) Headlines

No Headlines