Hainan Expressway Co (SZSE:000886) Effective Interest Rate on Debt % : 4.36% (As of Jun. 2024)

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What is Hainan Expressway 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. Hainan Expressway Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ¥1.1 Mil. Hainan Expressway Co's average total debt for the quarter that ended in Jun. 2024 was ¥25.6 Mil. Therefore, Hainan Expressway Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 4.36%.

Hainan Expressway Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hainan Expressway 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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Hainan Expressway Co Effective Interest Rate on Debt % Chart

Hainan Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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49.35

6.04

8.31

3.98

Hainan Expressway Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.93	6.81	4.13	4.17	4.36

Competitive Comparison of Hainan Expressway Co's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Hainan Expressway 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.

Hainan Expressway Co's Effective Interest Rate on Debt % Distribution in the Construction Industry

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

* The bar in red indicates where Hainan Expressway Co's Effective Interest Rate on Debt % falls into.

Hainan Expressway Co Effective Interest Rate on Debt % Calculation

Hainan Expressway 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 * -0.565	/	( (1.407	+	27.002)	/ 2 )
=	-1 * -0.565	/	14.2045
=	3.98 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.776	+	0.631
=	1.407

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.554	+	9.448
=	27.002

Hainan Expressway Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -1.116	/	( (26.935	+	24.206)	/ 2 )
=	-1 * -1.116	/	25.5705
=	4.36 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.462	+	9.473
=	26.935

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.112	+	7.094
=	24.206

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 (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Hainan Expressway Co (SZSE:000886) Effective Interest Rate on Debt % Explanation

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

Hainan Expressway Co Effective Interest Rate on Debt % Related Terms

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Hainan Expressway Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hainan Expressway Co Ltd (SZSE:000886) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Lantian Road, Highway Building No. 16, Hainan Province, Haikou, CHN, 570203

Website

http://www.hi-expressway.com

Hainan Expressway Co Ltd is engaged in the design, construction, conservation, and management of highways. Further, it is also involved in various other activities of real estate, hotel tourism, information networks, advertising and other fields. Geographically the activities are carried out through China.

Executives

Yao Wei Qing	Executives
Xu Da Jun	Supervisors
Ceng Guo Hua	Director
Fu Guo Hua	Director
Lin Sheng Ce	Executives

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