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Zhejiang Jinggong Integration Technology Co (SZSE:002006) Effective Interest Rate on Debt % : 2.92% (As of Mar. 2025)


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What is Zhejiang Jinggong Integration 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. Zhejiang Jinggong Integration Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ¥14 Mil. Zhejiang Jinggong Integration Technology Co's average total debt for the quarter that ended in Mar. 2025 was ¥478 Mil. Therefore, Zhejiang Jinggong Integration Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 2.92%.


Zhejiang Jinggong Integration Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhejiang Jinggong Integration 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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Zhejiang Jinggong Integration Technology Co Effective Interest Rate on Debt % Chart

Zhejiang Jinggong Integration Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.19 4.46 4.66 1.83 2.01

Zhejiang Jinggong Integration Technology Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.55 2.11 3.08 1.17 2.92

Competitive Comparison of Zhejiang Jinggong Integration Technology Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Zhejiang Jinggong Integration 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.


Zhejiang Jinggong Integration Technology Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Jinggong Integration Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


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Zhejiang Jinggong Integration Technology Co Effective Interest Rate on Debt % Calculation

Zhejiang Jinggong Integration Technology Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -6.868/( (224.783+459.401)/ 2 )
=-1  *  -6.868/342.092
=2.01 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=19.549 + 205.234
=224.783

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=41.796 + 417.605
=459.401

Zhejiang Jinggong Integration Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2024 )+Total Debt  (Q: Mar. 2025 ))/ count )
=-1  *  -13.96/( (459.401+497.053)/ 2 )
=-1  *  -13.96/478.227
=2.92 %

where

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=41.796 + 417.605
=459.401

Total Debt  (Q: Mar. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=52.187 + 444.866
=497.053

* 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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Zhejiang Jinggong Integration Technology Co  (SZSE:002006) Effective Interest Rate on Debt % Explanation

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


Zhejiang Jinggong Integration Technology Co Effective Interest Rate on Debt % Related Terms

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Zhejiang Jinggong Integration Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1809 Jianhe Road, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312030
Zhejiang Jinggong Integration Technology Co Ltd is a China-based company operating in the machinery industry. The firm is a manufacturer and supplier of solar photovoltaic equipment, carbon fiber composite materials and equipment, new building energy-saving equipment, textile equipment, robot intelligence equipment and other high-tech products.
Executives
Zhou Zhong Yi Director
Chen Jian Hua Executives
Wang Zhi Juan Executives
Sun Wei Li Supervisors

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