Jinhong Gas Co (SHSE:688106) Effective Interest Rate on Debt % : 1.94% (As of Mar. 2025)

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What is Jinhong Gas 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. Jinhong Gas Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ¥46 Mil. Jinhong Gas Co's average total debt for the quarter that ended in Mar. 2025 was ¥2,375 Mil. Therefore, Jinhong Gas Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 1.94%.

Jinhong Gas Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Jinhong Gas 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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Jinhong Gas Co Effective Interest Rate on Debt % Chart

Jinhong Gas Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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5.03

3.16

2.83

2.11

2.21

Jinhong Gas Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.07	1.72	2.01	1.94	1.94

Competitive Comparison of Jinhong Gas Co's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Jinhong Gas 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.

Jinhong Gas Co's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jinhong Gas Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Jinhong Gas Co Effective Interest Rate on Debt % Calculation

Jinhong Gas Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -41.116	/	( (1504.484	+	2222.477)	/ 2 )
=	-1 * -41.116	/	1863.4805
=	2.21 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1172.267	+	332.217
=	1504.484

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1892.502	+	329.975
=	2222.477

Jinhong Gas Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -45.996	/	( (2222.477	+	2528.187)	/ 2 )
=	-1 * -45.996	/	2375.332
=	1.94 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1892.502	+	329.975
=	2222.477

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1657.667	+	870.52
=	2528.187

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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Jinhong Gas Co (SHSE:688106) Effective Interest Rate on Debt % Explanation

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

Jinhong Gas Co Effective Interest Rate on Debt % Related Terms

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Jinhong Gas Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jinhong Gas Co Ltd (SHSE:688106) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Anmin Road, No. 6, Panyang Industrial Park, Huangdai Town, Xiangcheng District, Jiangsu Province, Suzhou, CHN, 215152

Website

http://www.jinhonggroup.com

Jinhong Gas Co Ltd is engaged in production, sales and service of environmentally intensive integrated gas. The company provides customers with one-stop gas supply solutions for various bulk gases, special gases and natural gasother fields.

Executives

Liu Zhi Jun	Core technical personnel
Jin Xiang Hua	Director
Chen Qi Feng	Core technical personnel
Shi Dong Sheng	Directors, senior managers, core technical personn
Ge Hui Fang	Supervisors
Liu Bing Feng	Supervisors

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