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Moon Environment Technology Co (SZSE:000811) Effective Interest Rate on Debt % : 3.54% (As of Mar. 2024)


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What is Moon Environment Technology 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. Moon Environment Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥35 Mil. Moon Environment Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥990 Mil. Therefore, Moon Environment Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.54%.


Moon Environment Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Moon Environment Technology 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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Moon Environment Technology Co Effective Interest Rate on Debt % Chart

Moon Environment Technology 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 4.25 4.52 4.02 4.14 4.03

Moon Environment Technology 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 4.00 3.79 6.20 1.82 3.54

Competitive Comparison of Moon Environment Technology Co's Effective Interest Rate on Debt %

For the Building Products & Equipment subindustry, Moon Environment Technology 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.


Moon Environment Technology Co's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Moon Environment Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Moon Environment Technology Co's Effective Interest Rate on Debt % falls into.



Moon Environment Technology Co Effective Interest Rate on Debt % Calculation

Moon Environment Technology 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  *  -36.856/( (877.378+951.948)/ 2 )
=-1  *  -36.856/914.663
=4.03 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.995 + 858.383
=877.378

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=365.091 + 586.857
=951.948

Moon Environment Technology 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  *  -35.024/( (951.948+1028.86)/ 2 )
=-1  *  -35.024/990.404
=3.54 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=365.091 + 586.857
=951.948

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=481.053 + 547.807
=1028.86

* 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.


Moon Environment Technology Co  (SZSE:000811) Effective Interest Rate on Debt % Explanation

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


Moon Environment Technology Co Effective Interest Rate on Debt % Related Terms

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Moon Environment Technology Co (SZSE:000811) Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Binglun Road, Shandong Province, Yantai, CHN
Moon Environment Technology Co Ltd operates in the refrigeration and air-conditioning industry. It is primarily involved in research and development, and manufacturing of industrial refrigeration, commercial refrigeration, and central air conditioner. The products offered by the group include refrigeration equipment, food processing equipment, auxiliary refrigeration equipment, cold storage panel, gas compression equipment. Geographically the business activities are carried out through China.
Executives
Liu Xi Jun Independent director
Yu Jing Supervisors
Ge Yun Jiang Executives
Gao Feng Director
Wu Li Li Executives
Yu Zhi Qiang Executives
Li Zeng Qun Director
Sun Xiu Xin Secretary Dong
Lu Shao Bin Directors, executives
Chen Dian Xin Director
Wang Xu Guang Supervisors
Dong Da Wen Supervisors
Wang Qin Bo Executives
Jiao Yu Xue Executives
Shu Jian Guo Executives

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