Zhejiang Zhenyuan Share Co (SZSE:000705) Effective Interest Rate on Debt % : 1.42% (As of Mar. 2024)

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What is Zhejiang Zhenyuan Share 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. Zhejiang Zhenyuan Share Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥2 Mil. Zhejiang Zhenyuan Share Co's average total debt for the quarter that ended in Mar. 2024 was ¥127 Mil. Therefore, Zhejiang Zhenyuan Share Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.42%.

Zhejiang Zhenyuan Share Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhejiang Zhenyuan Share 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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Zhejiang Zhenyuan Share Co Effective Interest Rate on Debt % Chart

Zhejiang Zhenyuan Share Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.33

0.81

3.60

4.44

3.82

Zhejiang Zhenyuan Share 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															1.82	7.51	1.92	5.93	1.42

Competitive Comparison of Zhejiang Zhenyuan Share Co's Effective Interest Rate on Debt %

For the Drug Manufacturers - General subindustry, Zhejiang Zhenyuan Share 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.

Zhejiang Zhenyuan Share Co's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Zhejiang Zhenyuan Share Co's Effective Interest Rate on Debt % falls into.

Zhejiang Zhenyuan Share Co Effective Interest Rate on Debt % Calculation

Zhejiang Zhenyuan Share 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 * -3.188	/	( (81.164	+	85.964)	/ 2 )
=	-1 * -3.188	/	83.564
=	3.82 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53.081	+	28.083
=	81.164

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54.961	+	31.003
=	85.964

Zhejiang Zhenyuan Share 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 * -1.804	/	( (85.964	+	167.721)	/ 2 )
=	-1 * -1.804	/	126.8425
=	1.42 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54.961	+	31.003
=	85.964

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	57.118	+	110.603
=	167.721

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.

Zhejiang Zhenyuan Share Co (SZSE:000705) Effective Interest Rate on Debt % Explanation

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

Zhejiang Zhenyuan Share Co Effective Interest Rate on Debt % Related Terms

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Zhejiang Zhenyuan Share Co (SZSE:000705) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Zhenyuan Share Co Ltd (SZSE:000705) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 289 Jiefang North Road, Zhejiang Province, Shaoxing, CHN, 312000

Website

http://www.zjzy.com

Zhejiang Zhenyuan Share Co Ltd is a China based pharmaceutical company. It is engaged in the engaged in the production and operation of proprietary Chinese medicines, Chinese herbal medicines, Chinese herbal medicines, chemical preparations, chemical raw materials, biochemical drugs, narcotic drugs, psychotropic drugs, medical devices, chemical reagent and others. Further, the firm's business scope covers the pharmaceutical industry, pharmaceutical business, pharmaceutical logistics and health service industry. It holds presence in both Chinese and international market.

Executives

Zhang Yan Na	Supervisors
Wu Hai Ming	Director
Chen Fu Gen	Directors, executives
Wei Min	Executives
He Yi Qiang	Directors, executives
Dong Jin Biao	Supervisors
Xuan Le Xin	Supervisors
Jiang Guan Gen	Supervisors
Song Yi Ting	Directors, executives
Li Cheng Hua	Executives
He Yu Long	Directors, executives
Li Yang	Executives
Ruan Jian Chang	Director
Jin Ming Hua	Executives
Zhou Qian Li	Secretary Dong

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