Shenzhen Properties & Resources Development (Group) (SZSE:000011) Effective Interest Rate on Debt % : 1.55% (As of Mar. 2024)

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What is Shenzhen Properties & Resources Development (Group) 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. Shenzhen Properties & Resources Development (Group)'s annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥76 Mil. Shenzhen Properties & Resources Development (Group)'s average total debt for the quarter that ended in Mar. 2024 was ¥4,881 Mil. Therefore, Shenzhen Properties & Resources Development (Group)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.55%.

Shenzhen Properties & Resources Development (Group) Effective Interest Rate on Debt % Historical Data

The historical data trend for Shenzhen Properties & Resources Development (Group)'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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Shenzhen Properties & Resources Development (Group) Effective Interest Rate on Debt % Chart

Shenzhen Properties & Resources Development (Group) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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17.70

6.24

2.05

1.71

1.29

Shenzhen Properties & Resources Development (Group) 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															1.57	1.48	1.24	0.85	1.55

Competitive Comparison of Shenzhen Properties & Resources Development (Group)'s Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, Shenzhen Properties & Resources Development (Group)'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.

Shenzhen Properties & Resources Development (Group)'s Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shenzhen Properties & Resources Development (Group)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shenzhen Properties & Resources Development (Group)'s Effective Interest Rate on Debt % falls into.

Shenzhen Properties & Resources Development (Group) Effective Interest Rate on Debt % Calculation

Shenzhen Properties & Resources Development (Group)'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 * -55.929	/	( (3915.605	+	4733.7)	/ 2 )
=	-1 * -55.929	/	4324.6525
=	1.29 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3696.746	+	218.859
=	3915.605

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1410.46	+	3323.24
=	4733.7

Shenzhen Properties & Resources Development (Group)'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 * -75.648	/	( (4733.7	+	5027.775)	/ 2 )
=	-1 * -75.648	/	4880.7375
=	1.55 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1410.46	+	3323.24
=	4733.7

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1803.962	+	3223.813
=	5027.775

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.

Shenzhen Properties & Resources Development (Group) (SZSE:000011) Effective Interest Rate on Debt % Explanation

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

Shenzhen Properties & Resources Development (Group) Effective Interest Rate on Debt % Related Terms

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Shenzhen Properties & Resources Development (Group) (SZSE:000011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Properties & Resources Development (Group) Ltd (SZSE:000011) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

200011:China

Address

Renmin South Road, 39 Floor and 42 Floor, International Trade Center, Guangdong Province, Luohu District, Shenzhen, CHN, 518014

Website

http://www.szwuye.com.cn

Shenzhen Properties & Resources Development (Group) Ltd is engaged in real estate development property management and housing asset operation as the basic business, with catering service, warehousing business and supervision business. It develops the residence, the hi-end apartment and the office building. It also provides house leasing, catering service, warehousing service, and supervision service. The company operates in three segments namely Real estate, Property management, and Catering service. Majority of the revenue is derived from the Real estate segment.

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