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Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Effective Interest Rate on Debt % : 5.71% (As of Mar. 2024)


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What is Pangang Group Vanadium & Titanium Resources 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. Pangang Group Vanadium & Titanium Resources Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥10 Mil. Pangang Group Vanadium & Titanium Resources Co's average total debt for the quarter that ended in Mar. 2024 was ¥174 Mil. Therefore, Pangang Group Vanadium & Titanium Resources Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.71%.


Pangang Group Vanadium & Titanium Resources Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Pangang Group Vanadium & Titanium Resources 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.

Pangang Group Vanadium & Titanium Resources Co Effective Interest Rate on Debt % Chart

Pangang Group Vanadium & Titanium Resources 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 4.64 3.87 26.15 11.33 5.80

Pangang Group Vanadium & Titanium Resources 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 5.00 3.90 6.29 7.90 5.71

Competitive Comparison of Pangang Group Vanadium & Titanium Resources Co's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Pangang Group Vanadium & Titanium Resources 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.


Pangang Group Vanadium & Titanium Resources Co's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Pangang Group Vanadium & Titanium Resources Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Pangang Group Vanadium & Titanium Resources Co's Effective Interest Rate on Debt % falls into.



Pangang Group Vanadium & Titanium Resources Co Effective Interest Rate on Debt % Calculation

Pangang Group Vanadium & Titanium Resources 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  *  -8.393/( (115.461+173.911)/ 2 )
=-1  *  -8.393/144.686
=5.80 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=59.461 + 56
=115.461

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=94.359 + 79.552
=173.911

Pangang Group Vanadium & Titanium Resources 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  *  -9.92/( (173.911+173.499)/ 2 )
=-1  *  -9.92/173.705
=5.71 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=94.359 + 79.552
=173.911

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=76.719 + 96.78
=173.499

* 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.


Pangang Group Vanadium & Titanium Resources Co  (SZSE:000629) Effective Interest Rate on Debt % Explanation

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


Pangang Group Vanadium & Titanium Resources Co Effective Interest Rate on Debt % Related Terms

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Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Business Description

Traded in Other Exchanges
N/A
Address
West Section of Gangcheng Avenue, Panzhihua Culture Square, No. 21, East District, Sichuan Province, Panzhihua, CHN, 617067
Pangang Group Vanadium Titanium & Resources Co Ltd is engaged in manufacturing and distributing vanadium pentoxide, vanadium iron, high-vanadium iron, vanadium trioxide, vanadium nitrogen alloy, titanium dioxide, and titanium dioxide. The company products are used in steel, chemical, military, electronics, and other industries.
Executives
Zhang Yu Dong Supervisors
Xie Zheng Min Executives
Liu Jie Director
Zheng Yong Xiong Supervisors
Du Si Hong Executives
Zhang Da De Director
Wang Zhang Min Executives
Zhang Zhi Jie Supervisors
Sun Ren Xiao Director
Tian Ye Director
Liu Jun Executives
Xue Pei Hua Executives
Xue Shi Cheng Director
Jiao Jing Min Executives
Liu Xin Hui Supervisors

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