AECC Aero-Engine Controls Co (SZSE:000738) Effective Interest Rate on Debt % : 13.63% (As of Mar. 2024)

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What is AECC Aero-Engine Controls 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. AECC Aero-Engine Controls Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥3 Mil. AECC Aero-Engine Controls Co's average total debt for the quarter that ended in Mar. 2024 was ¥25 Mil. Therefore, AECC Aero-Engine Controls Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 13.63%.

AECC Aero-Engine Controls Co Effective Interest Rate on Debt % Historical Data

The historical data trend for AECC Aero-Engine Controls 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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AECC Aero-Engine Controls Co Effective Interest Rate on Debt % Chart

AECC Aero-Engine Controls Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.40

4.85

6.79

7.42

10.86

AECC Aero-Engine Controls 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															15.53	16.13	7.91	8.90	13.63

Competitive Comparison of AECC Aero-Engine Controls Co's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, AECC Aero-Engine Controls 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.

AECC Aero-Engine Controls Co's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AECC Aero-Engine Controls Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where AECC Aero-Engine Controls Co's Effective Interest Rate on Debt % falls into.

AECC Aero-Engine Controls Co Effective Interest Rate on Debt % Calculation

AECC Aero-Engine Controls 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 * -4.255	/	( (50.997	+	27.384)	/ 2 )
=	-1 * -4.255	/	39.1905
=	10.86 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.076	+	31.921
=	50.997

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.828	+	16.556
=	27.384

AECC Aero-Engine Controls 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 * -3.444	/	( (27.384	+	23.165)	/ 2 )
=	-1 * -3.444	/	25.2745
=	13.63 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.828	+	16.556
=	27.384

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.607	+	16.558
=	23.165

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.

AECC Aero-Engine Controls Co (SZSE:000738) Effective Interest Rate on Debt % Explanation

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

AECC Aero-Engine Controls Co Effective Interest Rate on Debt % Related Terms

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AECC Aero-Engine Controls Co (SZSE:000738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AECC Aero-Engine Controls Co Ltd (SZSE:000738) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

No.72 , Liangxi Road, Binhu District, Jiangsu Province, Wuxi City, CHN

Website

http://www.aaec.com.cn

AECC Aero-Engine Controls Co Ltd is engaged in the provision of aviation and defense and non-aviation civilian products. The company provides civil aviation control system precision components for well-known aviation companies abroad. It operates through three major business segments, Engine Control Systems and Components, International Cooperation and Non-Navigation Products. The Engine Control System and Components business mainly include the development, production, repair, and sales of aero-engine control systems and derivative products.

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