Beijing Worldia Diamond Tools Co (SHSE:688028) Effective Interest Rate on Debt % : 3.45% (As of Sep. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Beijing Worldia Diamond Tools 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. Beijing Worldia Diamond Tools Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ¥4.4 Mil. Beijing Worldia Diamond Tools Co's average total debt for the quarter that ended in Sep. 2024 was ¥127.4 Mil. Therefore, Beijing Worldia Diamond Tools Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 3.45%.

Beijing Worldia Diamond Tools Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Beijing Worldia Diamond Tools 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.

Beijing Worldia Diamond Tools Co Effective Interest Rate on Debt % Chart

Beijing Worldia Diamond Tools Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

16.92

4.60

15.75

1.55

Beijing Worldia Diamond Tools Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.92	3.90	3.38	3.53	3.45

Competitive Comparison of Beijing Worldia Diamond Tools Co's Effective Interest Rate on Debt %

For the Tools & Accessories subindustry, Beijing Worldia Diamond Tools 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.

Beijing Worldia Diamond Tools Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Beijing Worldia Diamond Tools Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Beijing Worldia Diamond Tools Co's Effective Interest Rate on Debt % falls into.

Beijing Worldia Diamond Tools Co Effective Interest Rate on Debt % Calculation

Beijing Worldia Diamond Tools 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 * -0.356	/	( (26.434	+	19.411)	/ 2 )
=	-1 * -0.356	/	22.9225
=	1.55 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.019	+	26.415
=	26.434

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.145	+	18.266
=	19.411

Beijing Worldia Diamond Tools Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -4.4	/	( (127.623	+	127.16)	/ 2 )
=	-1 * -4.4	/	127.3915
=	3.45 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.075	+	116.548
=	127.623

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.658	+	114.502
=	127.16

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 (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Beijing Worldia Diamond Tools Co (SHSE:688028) Effective Interest Rate on Debt % Explanation

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

Beijing Worldia Diamond Tools Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Beijing Worldia Diamond Tools Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Beijing Worldia Diamond Tools Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Worldia Diamond Tools Co Ltd (SHSE:688028) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Jiuxianqiao Road East Road, Room H-03, 5th Floor, 7-12, Building 7, Chaoyang District, Beijing, CHN, 100015

Website

http://www.worldiatools.com

Beijing Worldia Diamond Tools Co Ltd is engaged in the research and development, production, sales and service of high precision diamond cutting tools. Th company's product catalogue mainly covers high precision cutting tools, diamond scribing wheels and related accessories. The cutting tools offered by the company are widely applied in automotive, electronic, new energy, and other industries.

Executives

Sun Xue Yuan	Supervisors
Zhang Zong Chao	Directors, senior managers, core technical personn
Fan Xiao Yan	Director
Chen Ji Feng	Directors, senior managers, core technical personn
Xu Wei	senior management
Chen Huan Chao	senior management
Tang Wen Lin	Directors, senior managers, core technical personn
Liu Chun Lan	Supervisors
Tian Yu	Director
Li Shu Hui	Director

Beijing Worldia Diamond Tools Co Headlines

No Headlines