Tecon Biology Co (SZSE:002100) Effective Interest Rate on Debt % : 2.81% (As of Mar. 2024)

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What is Tecon Biology 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. Tecon Biology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥186 Mil. Tecon Biology Co's average total debt for the quarter that ended in Mar. 2024 was ¥6,627 Mil. Therefore, Tecon Biology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.81%.

Tecon Biology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Tecon Biology 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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Tecon Biology Co Effective Interest Rate on Debt % Chart

Tecon Biology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.32

3.47

3.00

3.36

3.57

Tecon Biology 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															3.66	3.60	3.81	3.06	2.81

Competitive Comparison of Tecon Biology Co's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Tecon Biology 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.

Tecon Biology Co's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tecon Biology Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Tecon Biology Co Effective Interest Rate on Debt % Calculation

Tecon Biology 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 * -245.539	/	( (7376.726	+	6396.079)	/ 2 )
=	-1 * -245.539	/	6886.4025
=	3.57 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3435.535	+	3941.191
=	7376.726

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1588.288	+	4807.791
=	6396.079

Tecon Biology 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 * -186.068	/	( (6396.079	+	6857.081)	/ 2 )
=	-1 * -186.068	/	6626.58
=	2.81 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1588.288	+	4807.791
=	6396.079

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1969.516	+	4887.565
=	6857.081

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.

Tecon Biology Co (SZSE:002100) Effective Interest Rate on Debt % Explanation

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

Tecon Biology Co Effective Interest Rate on Debt % Related Terms

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Tecon Biology Co (SZSE:002100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tecon Biology Co Ltd (SZSE:002100) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

High-tech Zone in Changchun Road, 528 Tiankang Business Building, Xinjiang, Urumqi, CHN, 830011

Website

http://www.tcsw.com.cn

Tecon Biology Co Ltd is engaged in the production and sales of veterinary biological products and animal disease prevention, modern pig science breeding and breeding, feed research and development and production, and pig slaughtering and processing. The company mainly operates its businesses within domestic markets, with Xinjiang Province as its main market.

Executives

Wang Xiao	Supervisors
Pan Yi Ping	Executives
Xu Heng	Executives
Wu Xiang Yong	Director
Sun Wei Hong	Independent director
Wu Ming Qi	Executives
Wang Xin An	Director
Geng Li Xin	Directors, executives
Che Xin Hui	Supervisors

Tecon Biology Co (SZSE:002100) Headlines

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