Crystal Growth and Energy Equipment (SHSE:688478) Effective Interest Rate on Debt % : 3.74% (As of Sep. 2024)

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What is Crystal Growth and Energy Equipment 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. Crystal Growth and Energy Equipment's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ¥0.1 Mil. Crystal Growth and Energy Equipment's average total debt for the quarter that ended in Sep. 2024 was ¥2.8 Mil. Therefore, Crystal Growth and Energy Equipment's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 3.74%.

Crystal Growth and Energy Equipment Effective Interest Rate on Debt % Historical Data

The historical data trend for Crystal Growth and Energy Equipment'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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Crystal Growth and Energy Equipment Effective Interest Rate on Debt % Chart

Crystal Growth and Energy Equipment Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

5.81

-0.98

7.55

4.31

3.58

Crystal Growth and Energy Equipment Quarterly Data
	Dec19	Dec20	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											38.76	7.16	0.81	1.08	3.74

Competitive Comparison of Crystal Growth and Energy Equipment's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Crystal Growth and Energy Equipment'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.

Crystal Growth and Energy Equipment's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Crystal Growth and Energy Equipment's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Crystal Growth and Energy Equipment's Effective Interest Rate on Debt % falls into.

Crystal Growth and Energy Equipment Effective Interest Rate on Debt % Calculation

Crystal Growth and Energy Equipment'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 * -0.768	/	( (7.023	+	35.877)	/ 2 )
=	-1 * -0.768	/	21.45
=	3.58 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.941	+	3.082
=	7.023

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.059	+	33.818
=	35.877

Crystal Growth and Energy Equipment'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 * -0.104	/	( (3.406	+	2.155)	/ 2 )
=	-1 * -0.104	/	2.7805
=	3.74 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.041	+	2.365
=	3.406

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.155
=	2.155

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.

Crystal Growth and Energy Equipment (SHSE:688478) Effective Interest Rate on Debt % Explanation

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

Crystal Growth and Energy Equipment Effective Interest Rate on Debt % Related Terms

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Crystal Growth and Energy Equipment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Crystal Growth and Energy Equipment Inc (SHSE:688478) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Hongfeng Science and Technology Park, Economic and Technological Development Zone, Jiangsu Province, West side of Building B4, Nanjing, CHN, 210000

Website

http://www.cgee.com.cn

Crystal Growth and Energy Equipment Inc specializes in the development of 8-12-inch semiconductor-grade silicon single crystal furnaces, 6-8-inch silicon carbide, gallium arsenide and other semiconductor material growth equipment and processes.

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