Xiandai Investment Co (SZSE:000900) Effective Interest Rate on Debt % : 3.62% (As of Mar. 2024)

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What is Xiandai Investment 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. Xiandai Investment Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥993 Mil. Xiandai Investment Co's average total debt for the quarter that ended in Mar. 2024 was ¥27,450 Mil. Therefore, Xiandai Investment Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.62%.

Xiandai Investment Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Xiandai Investment 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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Xiandai Investment Co Effective Interest Rate on Debt % Chart

Xiandai Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.95

5.68

4.42

4.91

3.90

Xiandai Investment 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															3.81	3.95	3.87	3.79	3.62

Competitive Comparison of Xiandai Investment Co's Effective Interest Rate on Debt %

For the Infrastructure Operations subindustry, Xiandai Investment 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.

Xiandai Investment Co's Effective Interest Rate on Debt % Distribution in the Construction Industry

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

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

Xiandai Investment Co Effective Interest Rate on Debt % Calculation

Xiandai Investment 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 * -1077.394	/	( (28192.86	+	27019.468)	/ 2 )
=	-1 * -1077.394	/	27606.164
=	3.90 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23443.174	+	4749.686
=	28192.86

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21831.306	+	5188.162
=	27019.468

Xiandai Investment 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 * -992.72	/	( (27019.468	+	27881.062)	/ 2 )
=	-1 * -992.72	/	27450.265
=	3.62 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21831.306	+	5188.162
=	27019.468

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22006.028	+	5875.034
=	27881.062

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.

Xiandai Investment Co (SZSE:000900) Effective Interest Rate on Debt % Explanation

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

Xiandai Investment Co Effective Interest Rate on Debt % Related Terms

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Xiandai Investment Co (SZSE:000900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Xiandai Investment Co Ltd (SZSE:000900) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Furong South Road, Modern Plaza, No. 128, Section 2, Tianxin District, Hunan, Changsha, CHN, 410004

Website

http://www.xdtz.net

Xiandai Investment Co Ltd constructs operates and manages highway in China. The company is also involved in futures trading, finance investment and real estate activities.

Executives

Chen Min	Supervisors
Du Ming Hui	Executives
Yuan Yu	Director
Yan Ru Yi	Executives
Bao Qun	Director
Zhang Ning	Executives
Liu Zhong	Supervisors
Ma Yu Guo	Secretary Dong
Jin Yong	Director
Xiao He Sheng	Supervisors
Liu Gui Liang	Director
Song Wei Jie	Director
Liu Yu Xin	Executives
Tian Ying Ming	Supervisors
Liu Chu Ping	Directors, executives

Xiandai Investment Co (SZSE:000900) Headlines

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