Jinzhou Portco Co (SHSE:900952) Effective Interest Rate on Debt % : 8.12% (As of Mar. 2024)

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What is Jinzhou Portco 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. Jinzhou Portco Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $65.8 Mil. Jinzhou Portco Co's average total debt for the quarter that ended in Mar. 2024 was $810.3 Mil. Therefore, Jinzhou Portco Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.12%.

Jinzhou Portco Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Jinzhou Portco 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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Jinzhou Portco Co Effective Interest Rate on Debt % Chart

Jinzhou Portco Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.42

7.40

6.50

6.52

6.50

Jinzhou Portco 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															6.99	7.65	6.67	6.51	8.12

Competitive Comparison of Jinzhou Portco Co's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Jinzhou Portco 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.

Jinzhou Portco Co's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jinzhou Portco Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Jinzhou Portco Co's Effective Interest Rate on Debt % falls into.

Jinzhou Portco Co Effective Interest Rate on Debt % Calculation

Jinzhou Portco 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 * -58.302	/	( (992.342	+	802.717)	/ 2 )
=	-1 * -58.302	/	897.5295
=	6.50 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	240.941	+	751.401
=	992.342

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	189.089	+	613.628
=	802.717

Jinzhou Portco 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 * -65.764	/	( (802.717	+	817.882)	/ 2 )
=	-1 * -65.764	/	810.2995
=	8.12 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	189.089	+	613.628
=	802.717

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	220.347	+	597.535
=	817.882

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.

Jinzhou Portco Co (SHSE:900952) Effective Interest Rate on Debt % Explanation

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

Jinzhou Portco Co Effective Interest Rate on Debt % Related Terms

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Jinzhou Portco Co (SHSE:900952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jinzhou Portco Co Ltd (SHSE:900952) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

600190:China

Address

No.1, Section 1, Jingang Street, Economic and Technological Development Zone, Liaoning Province, Jinzhou, CHN, 121007

Website

http://www.jinzhouport.com

Jinzhou Portco Co Ltd in China operates a port hub mainly for oil and chemical transportation, container transportation, and cargo transportation. It holds around 24 berths, including 250,000 tons of oil berths, 100,000 tons of bulk cargo berths and 100,000 tons of container-specific berths. Oil, grain, mineral powder, coal, steel, fertilizer and domestic trade containers are the main sources of supply for the company. It serves china's north and south and holds a navigation relationship with more than 100 countries and regions such as Asia, Europe, Oceania, America, and Africa.

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