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Gree Electric Appliances of Zhuhai (SZSE:000651) Effective Interest Rate on Debt % : 2.69% (As of Mar. 2025)


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What is Gree Electric Appliances of Zhuhai 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. Gree Electric Appliances of Zhuhai's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ¥2,115 Mil. Gree Electric Appliances of Zhuhai's average total debt for the quarter that ended in Mar. 2025 was ¥78,723 Mil. Therefore, Gree Electric Appliances of Zhuhai's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 2.69%.


Gree Electric Appliances of Zhuhai Effective Interest Rate on Debt % Historical Data

The historical data trend for Gree Electric Appliances of Zhuhai'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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Gree Electric Appliances of Zhuhai Effective Interest Rate on Debt % Chart

Gree Electric Appliances of Zhuhai 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 0.02 0.02 4.61 3.47 2.97

Gree Electric Appliances of Zhuhai Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.09 2.75 2.35 2.67 2.69

Competitive Comparison of Gree Electric Appliances of Zhuhai's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Gree Electric Appliances of Zhuhai'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.


Gree Electric Appliances of Zhuhai's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Gree Electric Appliances of Zhuhai's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Gree Electric Appliances of Zhuhai's Effective Interest Rate on Debt % falls into.


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Gree Electric Appliances of Zhuhai Effective Interest Rate on Debt % Calculation

Gree Electric Appliances of Zhuhai's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -2378.373/( (86851.747+73527.816)/ 2 )
=-1  *  -2378.373/80189.7815
=2.97 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=39802.75 + 47048.997
=86851.747

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18941.109 + 54586.707
=73527.816

Gree Electric Appliances of Zhuhai's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2024 )+Total Debt  (Q: Mar. 2025 ))/ count )
=-1  *  -2114.692/( (73527.816+83918.857)/ 2 )
=-1  *  -2114.692/78723.3365
=2.69 %

where

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18941.109 + 54586.707
=73527.816

Total Debt  (Q: Mar. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6540.307 + 77378.55
=83918.857

* 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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Gree Electric Appliances of Zhuhai  (SZSE:000651) Effective Interest Rate on Debt % Explanation

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


Gree Electric Appliances of Zhuhai Effective Interest Rate on Debt % Related Terms

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Gree Electric Appliances of Zhuhai Business Description

Traded in Other Exchanges
N/A
Address
Jinji West Road, Qianshan, Guangdong Province, Zhuhai, CHN, 519070
Gree Electric Appliances is one of the largest heating, ventilating, and air conditioning, or HVAC, product manufacturers in China, with key products such as residential and commercial air conditioners. Gree generates over 80% of sales domestically and is backed by China's Zhuhai local government. Air conditioners remain the biggest contributor to Gree's earnings, with an over 70% representation over the years. The company has also made forays into industrial component parts, photovoltaic equipment, new energy vehicles, and battery production. As of March 2025, Chairwoman Dong Mingzhu and privately owned investment entity Zhuhai Mingjun collectively held 18% of its total equity interest, while state-owned Zhuhai Gree Group owned about 3.5%.
Executives
Deng Xiao Bo Secretary, Director
Duan Xiu Feng Supervisors
Zhang Wei Director
Tan Jian Ming Executives
Huang Hui Directors, executives
Zhang Jun Du Director
Xu Zi Fa Director
Dong Ming Zhu Directors, executives
Liu Jun Executives
Wang Jing Dong Directors, executives
Yang Yong Xing Securities Affairs Representative
Chen Wei Cai Executives
Wang Li Qin Supervisors
Meng Xiang Kai Director
Zhuang Pei Executives

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