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Anhui Jiangnan Chemical Industry Co (SZSE:002226) Effective Interest Rate on Debt % : 2.81% (As of Jun. 2024)


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What is Anhui Jiangnan Chemical Industry 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. Anhui Jiangnan Chemical Industry Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ¥134 Mil. Anhui Jiangnan Chemical Industry Co's average total debt for the quarter that ended in Jun. 2024 was ¥4,748 Mil. Therefore, Anhui Jiangnan Chemical Industry Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 2.81%.


Anhui Jiangnan Chemical Industry Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Anhui Jiangnan Chemical Industry 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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Anhui Jiangnan Chemical Industry Co Effective Interest Rate on Debt % Chart

Anhui Jiangnan Chemical Industry 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 5.92 6.05 5.70 4.28 3.67

Anhui Jiangnan Chemical Industry 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 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 3.80 3.50 3.23 3.07 2.81

Competitive Comparison of Anhui Jiangnan Chemical Industry Co's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Anhui Jiangnan Chemical Industry 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.


Anhui Jiangnan Chemical Industry Co's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Anhui Jiangnan Chemical Industry Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Anhui Jiangnan Chemical Industry Co's Effective Interest Rate on Debt % falls into.



Anhui Jiangnan Chemical Industry Co Effective Interest Rate on Debt % Calculation

Anhui Jiangnan Chemical Industry 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  *  -155.79/( (3917.952+4566.54)/ 2 )
=-1  *  -155.79/4242.246
=3.67 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3001.691 + 916.261
=3917.952

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2530.962 + 2035.578
=4566.54

Anhui Jiangnan Chemical Industry 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  *  -133.576/( (4547.856+4947.97)/ 2 )
=-1  *  -133.576/4747.913
=2.81 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2609.522 + 1938.334
=4547.856

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3143.904 + 1804.066
=4947.97

* 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 (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Anhui Jiangnan Chemical Industry Co  (SZSE:002226) Effective Interest Rate on Debt % Explanation

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


Anhui Jiangnan Chemical Industry Co Effective Interest Rate on Debt % Related Terms

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Anhui Jiangnan Chemical Industry Co Business Description

Traded in Other Exchanges
N/A
Address
Fen Jie Hill, Gangkou Town, Ningguo, Anhui, CHN, 242310
Anhui Jiangnan Chemical Industry Co Ltd is a diversified company with the dual-core drive for a civil explosion and new energy business. Its energy business focuses on the development, construction, and operation of wind farms and photovoltaic power plants. The company's product offering comprises packaging explosives, mixed explosives, engineering blasting and other explosive products.
Executives
Guo Shu Guang Director
Zhao Lei Secretary, Director
Meng Qun Ying Supervisors
Li Ting Long Executives
Wu Ben Zhi Executives
Xiong Li Wu Director
Fang Ji Qing Executives
Xu Fang Ping Executives
Ou Fei Neng Director
Liu Meng Ai Executives

Anhui Jiangnan Chemical Industry Co Headlines

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