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Hubei Energy Group Co (SZSE:000883) Effective Interest Rate on Debt % : 2.50% (As of Mar. 2024)


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What is Hubei Energy Group 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. Hubei Energy Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥1,031 Mil. Hubei Energy Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥41,173 Mil. Therefore, Hubei Energy Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.50%.


Hubei Energy Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hubei Energy Group 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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Hubei Energy Group Co Effective Interest Rate on Debt % Chart

Hubei Energy Group 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 2.97 3.78 3.57 3.08 2.47

Hubei Energy Group 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 2.36 2.44 2.60 2.60 2.50

Competitive Comparison of Hubei Energy Group Co's Effective Interest Rate on Debt %

For the Utilities - Renewable subindustry, Hubei Energy Group 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.


Hubei Energy Group Co's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Hubei Energy Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hubei Energy Group Co's Effective Interest Rate on Debt % falls into.



Hubei Energy Group Co Effective Interest Rate on Debt % Calculation

Hubei Energy Group 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  *  -887.041/( (31341.216+40450.538)/ 2 )
=-1  *  -887.041/35895.877
=2.47 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=26673.19 + 4668.026
=31341.216

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=28681.654 + 11768.884
=40450.538

Hubei Energy Group 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  *  -1031.096/( (40450.538+41894.809)/ 2 )
=-1  *  -1031.096/41172.6735
=2.50 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=28681.654 + 11768.884
=40450.538

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=31532.553 + 10362.256
=41894.809

* 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.


Hubei Energy Group Co  (SZSE:000883) Effective Interest Rate on Debt % Explanation

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


Hubei Energy Group Co Effective Interest Rate on Debt % Related Terms

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Hubei Energy Group Co (SZSE:000883) Business Description

Traded in Other Exchanges
N/A
Address
No. 356 Wuluo Road, Wuchang District, Wuhan, Hubei, CHN, 430070
Hubei Energy Group Co Ltd is an energy company in China. The companies business segments include hydropower, thermal power, nuclear power, new energy, natural gas, coal, and finance.
Executives
Li Shao Ping Supervisors
Zhang Guo Yong Executives
Jin Biao Executives
Cheng Tao Executives
Zhou Jiang Directors, executives
Liu Cheng Li Supervisors
Li Chang Cai Executives
Xiao Hong Jiang Director
Zhang Xue Gui Executives
Sun Gui Ping Executives
Deng Yu Min Directors, executives
Jia Shu Guang Executives
Yuan Hong Liang Supervisors
Tan Hui Supervisors
Wu Jun Director

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