Anhui Ankai Automobile Co (SZSE:000868) Effective Interest Rate on Debt % : 3.69% (As of Mar. 2024)

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What is Anhui Ankai Automobile 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. Anhui Ankai Automobile Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥4 Mil. Anhui Ankai Automobile Co's average total debt for the quarter that ended in Mar. 2024 was ¥101 Mil. Therefore, Anhui Ankai Automobile Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.69%.

Anhui Ankai Automobile Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Anhui Ankai Automobile 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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Anhui Ankai Automobile Co Effective Interest Rate on Debt % Chart

Anhui Ankai Automobile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.76

4.05

3.14

3.29

2.30

Anhui Ankai Automobile 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															4.11	4.26	-	-	3.69

Competitive Comparison of Anhui Ankai Automobile Co's Effective Interest Rate on Debt %

For the Auto Manufacturers subindustry, Anhui Ankai Automobile 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.

Anhui Ankai Automobile Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Anhui Ankai Automobile Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Anhui Ankai Automobile Co's Effective Interest Rate on Debt % falls into.

Anhui Ankai Automobile Co Effective Interest Rate on Debt % Calculation

Anhui Ankai Automobile 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 * -15.147	/	( (1214.245	+	101.088)	/ 2 )
=	-1 * -15.147	/	657.6665
=	2.30 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	154	+	1060.245
=	1214.245

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28	+	73.088
=	101.088

Anhui Ankai Automobile 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 * -3.732	/	( (101.088	+	101.088)	/ 2 )
=	-1 * -3.732	/	101.088
=	3.69 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28	+	73.088
=	101.088

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28	+	73.088
=	101.088

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.

Anhui Ankai Automobile Co (SZSE:000868) Effective Interest Rate on Debt % Explanation

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

Anhui Ankai Automobile Co Effective Interest Rate on Debt % Related Terms

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Anhui Ankai Automobile Co (SZSE:000868) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Anhui Ankai Automobile Co Ltd (SZSE:000868) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No.99, Huayuan Avenue, Hefei, CHN

Website

http://www.ankai.com

Anhui Ankai Automobile Co Ltd is a China-based company operates in the business of busses. It manufactures and sells large, medium, and light buses and their automotive parts. It offers Coach, City bus, School bus and New energy bus. Geographically the business activities are carried out through China and its products are exported to developed countries and regions, including U.S., UK, Australia, Dubai, Hong Kong, and Macau.

Executives

Shi Xiao Hong	Supervisors
Zhang Han Dong	Director
Dong Gang	Executives
Sheng Xia	Securities Affairs Representative
Li Qiang	Director

Anhui Ankai Automobile Co (SZSE:000868) Headlines

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