Sunvim Group Co (SZSE:002083) Effective Interest Rate on Debt % : 2.78% (As of Jun. 2024)

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What is Sunvim 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. Sunvim Group Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ¥85 Mil. Sunvim Group Co's average total debt for the quarter that ended in Jun. 2024 was ¥3,044 Mil. Therefore, Sunvim Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 2.78%.

Sunvim Group Co Effective Interest Rate on Debt % Historical Data

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

Sunvim Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.88

4.05

0.07

3.59

2.60

Sunvim Group 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															2.88	1.10	1.99	3.01	2.78

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

For the Textile Manufacturing subindustry, Sunvim 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.

Sunvim Group Co's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Sunvim Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Sunvim Group Co Effective Interest Rate on Debt % Calculation

Sunvim 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 * -75.198	/	( (2617.953	+	3160.234)	/ 2 )
=	-1 * -75.198	/	2889.0935
=	2.60 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	987.638	+	1630.315
=	2617.953

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	827.947	+	2332.287
=	3160.234

Sunvim Group 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 * -84.692	/	( (3251.445	+	2837.5)	/ 2 )
=	-1 * -84.692	/	3044.4725
=	2.78 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	845.982	+	2405.463
=	3251.445

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	852.007	+	1985.493
=	2837.5

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.

Sunvim Group Co (SZSE:002083) Effective Interest Rate on Debt % Explanation

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

Sunvim Group Co Effective Interest Rate on Debt % Related Terms

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Sunvim Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sunvim Group Co Ltd (SZSE:002083) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 1 Furi Street, Weifang, Shandong, CHN, 261500

Website

http://www.sunvim.com

Sunvim Group Co Ltd is engaged in the manufacturing and distribution of home textile products like the bath towel, towelling blanket, decorative cloth, tablecloth, napkin, bedding fabrics, and yarns.

Executives

Sun Hao Bo	Directors, executives
Zhou Wen Guo	Supervisors
Wang Ju Zhang	Supervisors
Wu Ming Feng	Directors, executives
Yu Cong Hai	Director
Sun Ri Gui	Directors, executives
Yan Yong Xuan	Director
Qin Bo	Supervisors
Fu Pei Lin	Director
Qi Zong Zhong	Supervisors
Zhang Shu Ming	Supervisors
Zhang Guo Hua	Director
Li Zhong Wei	Director
Sun Yong	Directors, executives
Yan Tang	Director

Sunvim Group Co Headlines

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