Zhejiang Founder Motor Co (SZSE:002196) Effective Interest Rate on Debt % : 3.86% (As of Mar. 2024)

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What is Zhejiang Founder Motor 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 Founder Motor Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥35 Mil. Zhejiang Founder Motor Co's average total debt for the quarter that ended in Mar. 2024 was ¥904 Mil. Therefore, Zhejiang Founder Motor Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.86%.

Zhejiang Founder Motor Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhejiang Founder Motor 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 Founder Motor Co Effective Interest Rate on Debt % Chart

Zhejiang Founder Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.62

4.49

5.35

3.92

3.48

Zhejiang Founder Motor 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															3.69	3.39	2.92	3.46	3.86

Competitive Comparison of Zhejiang Founder Motor Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Zhejiang Founder Motor 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 Founder Motor Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Zhejiang Founder Motor Co Effective Interest Rate on Debt % Calculation

Zhejiang Founder Motor 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 * -27.124	/	( (657.875	+	902.779)	/ 2 )
=	-1 * -27.124	/	780.327
=	3.48 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	239.033	+	418.842
=	657.875

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	416.021	+	486.758
=	902.779

Zhejiang Founder Motor 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 * -34.868	/	( (902.779	+	905.144)	/ 2 )
=	-1 * -34.868	/	903.9615
=	3.86 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	416.021	+	486.758
=	902.779

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	410.211	+	494.933
=	905.144

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.

Zhejiang Founder Motor Co (SZSE:002196) Effective Interest Rate on Debt % Explanation

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

Zhejiang Founder Motor Co Effective Interest Rate on Debt % Related Terms

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Zhejiang Founder Motor Co (SZSE:002196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Founder Motor Co Ltd (SZSE:002196) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

No. 24 Tianning Industrial Zone, Lishui, Zhejiang, CHN, 323000

Website

http://www.fdm.com.cn

Zhejiang Founder Motor Co Ltd is a China-based company engaged in research and development, production and sale of micro special motors. The company is also specialized in energy-saving and new-energy vehicle drivetrains and automotive control systems. Its products include EV motors, automotive motors, energy vehicle motor drives, energy commercial vehicle drive systems, and car controls. The company's products are used in low-speed electric vehicles, light trucks, low-voltage electric vehicles, passenger cars and engineering vehicles.

Executives

Zhang Chi	Director
Niu Ming Kui	Executives
Yang Xiao Hong	Supervisors
Zhang Min	Directors, executives
Mou Jian	Secretary, Director
Weng Wei Wen	Director
Zhou Jian	Supervisors
Ma Bin Wu	Supervisors
Zheng Lian Ming	Independent director
Cai Jun Biao	Director
Mao Xiao Jian	Director
Shu Lin Yan	Securities Affairs Representative
Shen Hu	Supervisors
Liu Guo Ping	Director
Qian Jin	Director

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