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Shanghai Electric Wind Power Group Co (SHSE:688660) Effective Interest Rate on Debt % : 2.85% (As of Mar. 2024)


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What is Shanghai Electric Wind Power Group 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. Shanghai Electric Wind Power Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥124 Mil. Shanghai Electric Wind Power Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥4,344 Mil. Therefore, Shanghai Electric Wind Power Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.85%.


Shanghai Electric Wind Power Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shanghai Electric Wind Power Group 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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Shanghai Electric Wind Power Group Co Effective Interest Rate on Debt % Chart

Shanghai Electric Wind Power Group Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 1.99 1.51 2.39 2.88 3.05

Shanghai Electric Wind Power Group Co Quarterly Data
Mar19 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 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 1.80 1.69 2.14 5.70 2.85

Competitive Comparison of Shanghai Electric Wind Power Group Co's Effective Interest Rate on Debt %

For the Utilities - Renewable subindustry, Shanghai Electric Wind Power Group 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.


Shanghai Electric Wind Power Group Co's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Shanghai Electric Wind Power Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shanghai Electric Wind Power Group Co's Effective Interest Rate on Debt % falls into.



Shanghai Electric Wind Power Group Co Effective Interest Rate on Debt % Calculation

Shanghai Electric Wind Power Group 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  *  -131.705/( (4061.777+4588.284)/ 2 )
=-1  *  -131.705/4325.0305
=3.05 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2939.877 + 1121.9
=4061.777

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2282.346 + 2305.938
=4588.284

Shanghai Electric Wind Power Group 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  *  -123.712/( (4588.284+4099.883)/ 2 )
=-1  *  -123.712/4344.0835
=2.85 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2282.346 + 2305.938
=4588.284

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2649.833 + 1450.05
=4099.883

* 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.


Shanghai Electric Wind Power Group Co  (SHSE:688660) Effective Interest Rate on Debt % Explanation

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


Shanghai Electric Wind Power Group Co Effective Interest Rate on Debt % Related Terms

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Shanghai Electric Wind Power Group Co (SHSE:688660) Business Description

Traded in Other Exchanges
N/A
Address
No. 555, Dongchuan Road, 8th Floor, Building, Minhang District, Shanghai, CHN, 200240
Shanghai Electric Wind Power Group Co Ltd is engaged in the design, research and development, manufacturing and sales, and aftermarket supporting services of Wind power equipment.
Executives
Huang Feng Feng senior management
Wang Hong Chun Supervisors
Qiao Yin Ping Director
Wang Yong Directors, senior managers
Liu Xiang Nan Directors, senior managers
Wu Gai Directors, senior managers
Wang Ming Jun senior management
Zheng Gang Directors, senior managers
Zhu Zhi Quan Core technical personnel

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