New Journey Health Technology Group Co (SZSE:002219) Effective Interest Rate on Debt % : 7.04% (As of Jun. 2024)

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What is New Journey Health Technology 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. New Journey Health Technology Group Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ¥122 Mil. New Journey Health Technology Group Co's average total debt for the quarter that ended in Jun. 2024 was ¥1,737 Mil. Therefore, New Journey Health Technology Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 7.04%.

New Journey Health Technology Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for New Journey Health Technology 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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New Journey Health Technology Group Co Effective Interest Rate on Debt % Chart

New Journey Health Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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11.52

5.18

9.45

7.09

7.29

New Journey Health Technology 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															6.75	7.89	7.74	7.40	7.04

Competitive Comparison of New Journey Health Technology Group Co's Effective Interest Rate on Debt %

For the Medical Care Facilities subindustry, New Journey Health Technology 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.

New Journey Health Technology Group Co's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, New Journey Health Technology Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

New Journey Health Technology Group Co Effective Interest Rate on Debt % Calculation

New Journey Health Technology 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 * -120.642	/	( (1585.271	+	1722.967)	/ 2 )
=	-1 * -120.642	/	1654.119
=	7.29 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	457.492	+	1127.779
=	1585.271

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	796.942	+	926.025
=	1722.967

New Journey Health Technology 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 * -122.332	/	( (1751.517	+	1722.033)	/ 2 )
=	-1 * -122.332	/	1736.775
=	7.04 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	763.183	+	988.334
=	1751.517

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	568.667	+	1153.366
=	1722.033

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.

New Journey Health Technology Group Co (SZSE:002219) Effective Interest Rate on Debt % Explanation

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

New Journey Health Technology Group Co Effective Interest Rate on Debt % Related Terms

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New Journey Health Technology Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » New Journey Health Technology Group Co Ltd (SZSE:002219) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Duyiyi Industrial Park, Wangba, Kang County, Gansu Province, Longnan, CHN, 610000

Website

http://www.hkmg.com

New Journey Health Technology Group Co Ltd formerly Hengkang Medical Group Co Ltd is engaged in research, development, and manufacturing of natural herbal medicines. The company's products include analgesic and haemostatic drugs.

Executives

Song Li Hua	Directors, executives
Yu Mei	Directors, executives
Wang Yong	Executives
Zuo Bin Lin	Executives
Tang Can	Director
Duan Zhi Ping	Director
Zhou Xian Min	Director
Guo Kai	Executives

Xie Hai	Executives
Shi Xiao Ming	Executives
Li Yu Fei	Supervisors
Huang Rui	Directors, executives
Pan Yu	Supervisors
Liao Li Dong	Executives

New Journey Health Technology Group Co Headlines

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