Zhejiang Jiuli Hi-Tech Metals Co (SZSE:002318) Effective Interest Rate on Debt % : 3.30% (As of Mar. 2025)

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What is Zhejiang Jiuli Hi-Tech Metals 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 Jiuli Hi-Tech Metals Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ¥27 Mil. Zhejiang Jiuli Hi-Tech Metals Co's average total debt for the quarter that ended in Mar. 2025 was ¥816 Mil. Therefore, Zhejiang Jiuli Hi-Tech Metals Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 3.30%.

Zhejiang Jiuli Hi-Tech Metals Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhejiang Jiuli Hi-Tech Metals 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 Jiuli Hi-Tech Metals Co Effective Interest Rate on Debt % Chart

Zhejiang Jiuli Hi-Tech Metals Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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5.65

8.19

4.86

4.38

3.70

Zhejiang Jiuli Hi-Tech Metals Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.02	4.46	4.33	1.04	3.30

Competitive Comparison of Zhejiang Jiuli Hi-Tech Metals Co's Effective Interest Rate on Debt %

For the Steel subindustry, Zhejiang Jiuli Hi-Tech Metals 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 Jiuli Hi-Tech Metals Co's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Zhejiang Jiuli Hi-Tech Metals Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zhejiang Jiuli Hi-Tech Metals Co's Effective Interest Rate on Debt % falls into.

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Zhejiang Jiuli Hi-Tech Metals Co Effective Interest Rate on Debt % Calculation

Zhejiang Jiuli Hi-Tech Metals Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -31.288	/	( (944.917	+	744.933)	/ 2 )
=	-1 * -31.288	/	844.925
=	3.70 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.964	+	876.953
=	944.917

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.997	+	734.936
=	744.933

Zhejiang Jiuli Hi-Tech Metals Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -26.956	/	( (744.933	+	887.536)	/ 2 )
=	-1 * -26.956	/	816.2345
=	3.30 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.997	+	734.936
=	744.933

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.086	+	877.45
=	887.536

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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Zhejiang Jiuli Hi-Tech Metals Co (SZSE:002318) Effective Interest Rate on Debt % Explanation

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

Zhejiang Jiuli Hi-Tech Metals Co Effective Interest Rate on Debt % Related Terms

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Zhejiang Jiuli Hi-Tech Metals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhejiang Jiuli Hi-Tech Metals Co Ltd (SZSE:002318) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhenxi, Shuanglin Town, Zhejiang Province, Huzhou, CHN, 313012

Website

http://www.jiuli.com

Zhejiang Jiuli Hi-Tech Metals Co Ltd is a manufacturer of stainless steel. It serves civil nuclear power, electric power, oil and gas exploration, refinery, chemical and fine chemical, coal chemical, offshore engineering and shipbuilding and others.

Executives

Li Zheng Zhou	Director
Wang Zhang Cheng	Directors, executives
Yang Pei Fen	Directors, executives
Cai Li Ming	Director
Xu A Min	Directors, executives
Zhou Zhi Jiang	Director
Zheng Jie Ying	Directors, executives, representatives of securiti
Shen Xiao Gang	Supervisors
Zhang Yu Xu	Director
Su Cheng	Executives
Cai Xing Qiang	Director
Xu Wen Xin	Supervisors
Zhang Jian Xin	Director
Chen Pei Liang	Directors, executives

Zhejiang Jiuli Hi-Tech Metals Co Headlines

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