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SHUNF (Shunfeng International Clean Energy) Effective Interest Rate on Debt % : 11.16% (As of Jun. 2024)


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What is Shunfeng International Clean Energy 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. Shunfeng International Clean Energy's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $43.21 Mil. Shunfeng International Clean Energy's average total debt for the quarter that ended in Jun. 2024 was $387.31 Mil. Therefore, Shunfeng International Clean Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 11.16%.


Shunfeng International Clean Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Shunfeng International Clean Energy'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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Shunfeng International Clean Energy Effective Interest Rate on Debt % Chart

Shunfeng International Clean Energy Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.49 8.48 7.48 9.51 11.29

Shunfeng International Clean Energy Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 8.73 10.00 10.29 11.16 13.71

Competitive Comparison of Shunfeng International Clean Energy's Effective Interest Rate on Debt %

For the Utilities - Renewable subindustry, Shunfeng International Clean Energy'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.


Shunfeng International Clean Energy's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Shunfeng International Clean Energy's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shunfeng International Clean Energy's Effective Interest Rate on Debt % falls into.


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Shunfeng International Clean Energy Effective Interest Rate on Debt % Calculation

Shunfeng International Clean Energy'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  *  -55.764/( (721.081+451.168)/ 2 )
=-1  *  -55.764/586.1245
=9.51 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=93.592 + 627.489
=721.081

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=71.244 + 379.924
=451.168

Shunfeng International Clean Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -43.212/( (451.168+323.446)/ 2 )
=-1  *  -43.212/387.307
=11.16 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=71.244 + 379.924
=451.168

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=68.316 + 255.13
=323.446

* 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 two times the semi-annual (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Shunfeng International Clean Energy  (OTCPK:SHUNF) Effective Interest Rate on Debt % Explanation

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


Shunfeng International Clean Energy Effective Interest Rate on Debt % Related Terms

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Shunfeng International Clean Energy Business Description

Traded in Other Exchanges
Address
Number 26 Harbour Road, Rooms 3803-05, 38th Floor, China Resources Building, Wan Chai, HKG
Shunfeng International Clean Energy Ltd is a diversified integrated provider of clean energies and low-carbon and energy-saving solutions. It operates in a single segment namely solar power generation. Geographically, it generates the majority of revenue from Mainland China.

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