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Beijing Jiuzhouyigui Environmental Technology Co (SHSE:688485) Effective Interest Rate on Debt % : 3.15% (As of Mar. 2024)


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What is Beijing Jiuzhouyigui Environmental Technology 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 Jiuzhouyigui Environmental Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0.5 Mil. Beijing Jiuzhouyigui Environmental Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥14.8 Mil. Therefore, Beijing Jiuzhouyigui Environmental Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.15%.


Beijing Jiuzhouyigui Environmental Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Beijing Jiuzhouyigui Environmental Technology 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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Beijing Jiuzhouyigui Environmental Technology Co Effective Interest Rate on Debt % Chart

Beijing Jiuzhouyigui Environmental Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 4.39 3.49 3.77 2.54 2.29

Beijing Jiuzhouyigui Environmental Technology Co Quarterly Data
Dec18 Dec19 Sep20 Dec20 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 3.02 1.26 4.30 3.00 3.15

Competitive Comparison of Beijing Jiuzhouyigui Environmental Technology Co's Effective Interest Rate on Debt %

For the Specialty Business Services subindustry, Beijing Jiuzhouyigui Environmental Technology 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 Jiuzhouyigui Environmental Technology Co's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Beijing Jiuzhouyigui Environmental Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Beijing Jiuzhouyigui Environmental Technology Co's Effective Interest Rate on Debt % falls into.



Beijing Jiuzhouyigui Environmental Technology Co Effective Interest Rate on Debt % Calculation

Beijing Jiuzhouyigui Environmental Technology 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  *  -0.987/( (70.134+15.939)/ 2 )
=-1  *  -0.987/43.0365
=2.29 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.949 + 64.185
=70.134

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.472 + 9.467
=15.939

Beijing Jiuzhouyigui Environmental Technology 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  *  -0.468/( (15.939+13.732)/ 2 )
=-1  *  -0.468/14.8355
=3.15 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.472 + 9.467
=15.939

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.227 + 8.505
=13.732

* 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.


Beijing Jiuzhouyigui Environmental Technology Co  (SHSE:688485) 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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Beijing Jiuzhouyigui Environmental Technology Co (SHSE:688485) Business Description

Traded in Other Exchanges
N/A
Address
No. 32, Guangmao Road, Doudian Town, Fangshan District, Beijing, CHN, 100070
Beijing Jiuzhouyigui Environmental Technology Co Ltd is a comprehensive service provider in the field of rail transit vibration and noise reduction.

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