Shan Dong Kexing Bioproducts Co (SHSE:688136) Effective Interest Rate on Debt % : 3.48% (As of Mar. 2024)

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What is Shan Dong Kexing Bioproducts 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. Shan Dong Kexing Bioproducts Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥40 Mil. Shan Dong Kexing Bioproducts Co's average total debt for the quarter that ended in Mar. 2024 was ¥1,155 Mil. Therefore, Shan Dong Kexing Bioproducts Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.48%.

Shan Dong Kexing Bioproducts Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shan Dong Kexing Bioproducts 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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Shan Dong Kexing Bioproducts Co Effective Interest Rate on Debt % Chart

Shan Dong Kexing Bioproducts Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.90

3.54

1.69

3.21

3.63

Shan Dong Kexing Bioproducts 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															3.63	3.40	3.53	3.27	3.48

Competitive Comparison of Shan Dong Kexing Bioproducts Co's Effective Interest Rate on Debt %

For the Biotechnology subindustry, Shan Dong Kexing Bioproducts 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.

Shan Dong Kexing Bioproducts Co's Effective Interest Rate on Debt % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Shan Dong Kexing Bioproducts Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shan Dong Kexing Bioproducts Co's Effective Interest Rate on Debt % falls into.

Shan Dong Kexing Bioproducts Co Effective Interest Rate on Debt % Calculation

Shan Dong Kexing Bioproducts 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 * -39.135	/	( (1038.54	+	1116.06)	/ 2 )
=	-1 * -39.135	/	1077.3
=	3.63 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	804.191	+	234.349
=	1038.54

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	713.625	+	402.435
=	1116.06

Shan Dong Kexing Bioproducts 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 * -40.16	/	( (1116.06	+	1193.034)	/ 2 )
=	-1 * -40.16	/	1154.547
=	3.48 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	713.625	+	402.435
=	1116.06

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	655.045	+	537.989
=	1193.034

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.

Shan Dong Kexing Bioproducts Co (SHSE:688136) Effective Interest Rate on Debt % Explanation

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

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Shan Dong Kexing Bioproducts Co (SHSE:688136) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Shan Dong Kexing Bioproducts Co Ltd (SHSE:688136) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2666, Chuangye Road, Mingshui Development Zone, Zhangqiu District, Shandong Province, Jinan, CHN, 250200

Website

http://www.kexing.com

Shan Dong Kexing Bioproducts Co Ltd formerly Kexing Biopharmaceutical Co Ltd is an innovative biopharmaceutical company. It is engaged in the production and sales of recombinant protein drugs and probiotics. The company use the drugs in the fields of antiviral, hematology, tumor and immunity, and degenerative diseases.

Executives

Wang Xiao Qin	Directors, senior managers
Cui Ning	Directors, senior managers
Ma Hong Jie	senior management
Shao Ke	senior management
Deng Xue Qin	Director
Zhao Yan Qing	Directors, senior managers

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