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Zhejiangnhua Intelligent Controls Co (SZSE:002050) Effective Interest Rate on Debt % : 3.45% (As of Mar. 2024)


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What is Zhejiangnhua Intelligent Controls 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. Zhejiangnhua Intelligent Controls Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥138 Mil. Zhejiangnhua Intelligent Controls Co's average total debt for the quarter that ended in Mar. 2024 was ¥3,995 Mil. Therefore, Zhejiangnhua Intelligent Controls Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.45%.


Zhejiangnhua Intelligent Controls Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhejiangnhua Intelligent Controls 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.

* Premium members only.

Zhejiangnhua Intelligent Controls Co Effective Interest Rate on Debt % Chart

Zhejiangnhua Intelligent Controls 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 2.90 3.01 3.45 3.66 4.02

Zhejiangnhua Intelligent Controls 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 3.83 3.84 3.69 3.82 3.45

Competitive Comparison of Zhejiangnhua Intelligent Controls Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Zhejiangnhua Intelligent Controls 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.


Zhejiangnhua Intelligent Controls Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiangnhua Intelligent Controls Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zhejiangnhua Intelligent Controls Co's Effective Interest Rate on Debt % falls into.



Zhejiangnhua Intelligent Controls Co Effective Interest Rate on Debt % Calculation

Zhejiangnhua Intelligent Controls 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  *  -212.082/( (6642.576+3904.341)/ 2 )
=-1  *  -212.082/5273.4585
=4.02 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4780.366 + 1862.21
=6642.576

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1252.097 + 2652.244
=3904.341

Zhejiangnhua Intelligent Controls 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  *  -137.852/( (3904.341+4084.836)/ 2 )
=-1  *  -137.852/3994.5885
=3.45 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1252.097 + 2652.244
=3904.341

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2118.852 + 1965.984
=4084.836

* 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.


Zhejiangnhua Intelligent Controls Co  (SZSE:002050) Effective Interest Rate on Debt % Explanation

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


Zhejiangnhua Intelligent Controls Co Effective Interest Rate on Debt % Related Terms

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Zhejiangnhua Intelligent Controls Co (SZSE:002050) Business Description

Traded in Other Exchanges
N/A
Address
Xiali Street, Qixing Street, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312500
Zhejiang Sanhua Intelligent Controls Co Ltd is an HVAC&R manufacturer of controls and components. It is engaged in the research and development, manufacture and distribution of refrigeration and air-conditioning control components, which include 4-way reversing valves, solenoid valves, and electronic expansion valves. The products offered by the company are standard controls and line components, customized controls and line components, electronic controls, and micro-channel heat exchanger. The products have application in air conditioning, commercial refrigeration, heat pump and home appliances. The organization supplies its products in China and internationally.
Executives
Ni Xiao Ming Director
Hu Kai Cheng Secretary Dong
Wang Da Yong Directors, executives
Yu Ying Kui Executives
Zhang Ya Bo Directors, executives
Chen Xiao Ming Supervisors
Chen Yu Zhong Directors, executives
Wang Yu Tong Securities Affairs Representative
Weng Wei Feng Supervisors
Shi Chu Liang Director
Liu Fei Executives
Du An Lin Executives
Li Wen Xiang Director
Yu Shu Li Director

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