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Hefei Jianghang Aircraft Equipment Co (SHSE:688586) Effective Interest Rate on Debt % : -27.27% (As of Sep. 2024)


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What is Hefei Jianghang Aircraft Equipment 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. Hefei Jianghang Aircraft Equipment Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ¥-3 Mil. Hefei Jianghang Aircraft Equipment Co's average total debt for the quarter that ended in Sep. 2024 was ¥11 Mil. Therefore, Hefei Jianghang Aircraft Equipment Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was -27.27%.


Hefei Jianghang Aircraft Equipment Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hefei Jianghang Aircraft Equipment 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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Hefei Jianghang Aircraft Equipment Co Effective Interest Rate on Debt % Chart

Hefei Jianghang Aircraft Equipment Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 8.19 8.54 13.33 58.46 49.22

Hefei Jianghang Aircraft Equipment 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -82.64 153.06 6.14 54.86 -27.27

Competitive Comparison of Hefei Jianghang Aircraft Equipment Co's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Hefei Jianghang Aircraft Equipment 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.


Hefei Jianghang Aircraft Equipment Co's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Hefei Jianghang Aircraft Equipment Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hefei Jianghang Aircraft Equipment Co's Effective Interest Rate on Debt % falls into.



Hefei Jianghang Aircraft Equipment Co Effective Interest Rate on Debt % Calculation

Hefei Jianghang Aircraft Equipment 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  *  -2.114/( (4.152+4.438)/ 2 )
=-1  *  -2.114/4.295
=49.22 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.1 + 2.052
=4.152

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.328 + 2.11
=4.438

Hefei Jianghang Aircraft Equipment 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  *  3.048/( (6.595+15.761)/ 2 )
=-1  *  3.048/11.178
=-27.27 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.143 + 3.452
=6.595

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.239 + 13.522
=15.761

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


Hefei Jianghang Aircraft Equipment Co  (SHSE:688586) Effective Interest Rate on Debt % Explanation

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


Hefei Jianghang Aircraft Equipment Co Effective Interest Rate on Debt % Related Terms

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Hefei Jianghang Aircraft Equipment Co Business Description

Traded in Other Exchanges
N/A
Address
No. 35, Yan'an Road, Baohe Industrial Zone, Anhui Province, Hefei, CHN, 230051
Hefei Jianghang Aircraft Equipment Co Ltd is engaged in production of aviation equipments and special refrigeration. The company produces aviation oxygen system, air service oxygen system, aircraft cabin equipment facilities, emergency oxygen supply device, engine oxygen supplement system, inert protection system, aviation fuel tank system, landing gear, aerospace environmental control life support equipment, aerospace individual protective device, ground oxygen protection device, plug-in pod, aviation ground equipment, non-standard testing equipment, non-standard training equipment, oxygen generator, sensitive element, sensor, refrigeration equipment, civil oxygen generator, medical oxygen generator, air purifier, and water purification.
Executives
Li Chun Mu Core technical personnel
Liu Wen Biao Senior management, core technical personnel
Wang Yong Qian senior management
Fang Ling Core technical personnel
Wei Wei Dong Core technical personnel
Deng Zhang Quan Directors, senior managers

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