GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Southern Airlines Co Ltd (STU:ZNH) » Definitions » Effective Interest Rate on Debt %

China Southern Airlines Co (STU:ZNH) Effective Interest Rate on Debt % : 2.87% (As of Mar. 2024)


View and export this data going back to 2008. Start your Free Trial

What is China Southern Airlines 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. China Southern Airlines Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €756 Mil. China Southern Airlines Co's average total debt for the quarter that ended in Mar. 2024 was €26,319 Mil. Therefore, China Southern Airlines Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.87%.


China Southern Airlines Co Effective Interest Rate on Debt % Historical Data

The historical data trend for China Southern Airlines 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.

* Premium members only.

China Southern Airlines Co Effective Interest Rate on Debt % Chart

China Southern Airlines Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 2.71 2.18 1.11 1.11

China Southern Airlines 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 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 2.97 -0.58 6.70 -4.22 2.87

Competitive Comparison of China Southern Airlines Co's Effective Interest Rate on Debt %

For the Airlines subindustry, China Southern Airlines 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.


China Southern Airlines Co's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

* The bar in red indicates where China Southern Airlines Co's Effective Interest Rate on Debt % falls into.



China Southern Airlines Co Effective Interest Rate on Debt % Calculation

China Southern Airlines 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  *  -298.98/( (27385.302+26314.594)/ 2 )
=-1  *  -298.98/26849.948
=1.11 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14543.398 + 12841.904
=27385.302

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15379.74 + 10934.854
=26314.594

China Southern Airlines 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  *  -756.288/( (26314.594+26323)/ 2 )
=-1  *  -756.288/26318.797
=2.87 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15379.74 + 10934.854
=26314.594

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15120.628 + 11202.372
=26323

* 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.


China Southern Airlines Co  (STU:ZNH) Effective Interest Rate on Debt % Explanation

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


China Southern Airlines Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of China Southern Airlines Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


China Southern Airlines Co (STU:ZNH) Business Description

Address
68 Qixin Road, China Southern Air Building, Baiyun District, Guangdong Province, Guangzhou, CHN, 510403
China Southern Airlines is based in Guangzhou and is one of the three largest state-owned airlines in China. The group operated a fleet of 894 aircraft as of 2022 and carried more than 150 million passengers in prepandemic 2019, ranking first in Asia. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs like Guangzhou and Beijing. The group's route network extends to over 243 destinations and 44 countries and regions.

China Southern Airlines Co (STU:ZNH) Headlines

No Headlines