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Hainan Haiyao Co (SZSE:000566) Effective Interest Rate on Debt % : 4.79% (As of Mar. 2024)


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What is Hainan Haiyao 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. Hainan Haiyao Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥154 Mil. Hainan Haiyao Co's average total debt for the quarter that ended in Mar. 2024 was ¥3,211 Mil. Therefore, Hainan Haiyao Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.79%.


Hainan Haiyao Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hainan Haiyao 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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Hainan Haiyao Co Effective Interest Rate on Debt % Chart

Hainan Haiyao 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 8.81 6.35 6.82 6.53 5.30

Hainan Haiyao 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 4.95 4.37 4.36 6.16 4.79

Competitive Comparison of Hainan Haiyao Co's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Hainan Haiyao 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.


Hainan Haiyao Co's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hainan Haiyao Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Hainan Haiyao Co Effective Interest Rate on Debt % Calculation

Hainan Haiyao 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  *  -179.111/( (3398.722+3362.811)/ 2 )
=-1  *  -179.111/3380.7665
=5.30 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=660.059 + 2738.663
=3398.722

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=902.448 + 2460.363
=3362.811

Hainan Haiyao 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  *  -153.892/( (3362.811+3058.674)/ 2 )
=-1  *  -153.892/3210.7425
=4.79 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=902.448 + 2460.363
=3362.811

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=833.895 + 2224.779
=3058.674

* 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.


Hainan Haiyao Co  (SZSE:000566) Effective Interest Rate on Debt % Explanation

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


Hainan Haiyao Co Effective Interest Rate on Debt % Related Terms

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Hainan Haiyao Co (SZSE:000566) Business Description

Traded in Other Exchanges
N/A
Address
No.192 Nanhai Avenue, Xiuying District, Haikou, Hainan, CHN, 570105
Hainan Haiyao Co Ltd is a China-based company engages in the research, development, manufacture, and sale of medicines and medical instrument. Its product includes cephalosporin series, stomach and intestine medicines, anti-tumor medicines, cochlear implant series, bulk drugs and intermediate series. The company distributes its products in domestic market and to overseas market. Digital China Information Service Co Ltd is a China-based company principally engaged in software and information technology (IT) service industry. Its services include technical services, agricultural informatization, application software development, special financial equipment, and integrated solutions for the financial, government, enterprises, telecommunications, agriculture, and other industries.
Executives
Li Ri Meng Directors, executives
Bai Zhi Quan Directors, executives
Zhou Qing Guo Supervisors
Chen Yi Hong Directors, executives
Wang Wei Directors, executives
Ji Ping Executives
Xu Li Hong Directors, executives
Zhang Hui Executives
Wang Jun Hong Executives
Li Mi Sheng Executives
Feng Bai Chang Executives
Wang Gang Executives
Ceng Yu Ping Director

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