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Haining China Leather Market Co (SZSE:002344) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Haining China Leather Market 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. Haining China Leather Market Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0 Mil. Haining China Leather Market Co's average total debt for the quarter that ended in Mar. 2024 was ¥1,506 Mil. Therefore, Haining China Leather Market Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.


Haining China Leather Market Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Haining China Leather Market 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.

* Premium members only.

Haining China Leather Market Co Effective Interest Rate on Debt % Chart

Haining China Leather Market 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 8.94 8.47 7.75 6.01 4.18

Haining China Leather Market 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 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 - 2.44 - - -

Competitive Comparison of Haining China Leather Market Co's Effective Interest Rate on Debt %

For the Specialty Retail subindustry, Haining China Leather Market 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.


Haining China Leather Market Co's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Haining China Leather Market Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Haining China Leather Market Co's Effective Interest Rate on Debt % falls into.



Haining China Leather Market Co Effective Interest Rate on Debt % Calculation

Haining China Leather Market 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  *  -61.04/( (1448.991+1472.471)/ 2 )
=-1  *  -61.04/1460.731
=4.18 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=539.59 + 909.401
=1448.991

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=338.186 + 1134.285
=1472.471

Haining China Leather Market 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  *  0/( (1472.471+1539.898)/ 2 )
=-1  *  0/1506.1845
=0.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=338.186 + 1134.285
=1472.471

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=309.963 + 1229.935
=1539.898

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


Haining China Leather Market Co  (SZSE:002344) Effective Interest Rate on Debt % Explanation

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


Haining China Leather Market Co Effective Interest Rate on Debt % Related Terms

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Haining China Leather Market Co (SZSE:002344) Business Description

Traded in Other Exchanges
N/A
Address
Fifth floor, 2 12, Haining Leather City Building, Zhejiang, CHN, 314400
Haining China Leather Market Co Ltd operates in the leather industry. The company is engaged in the distribution of leather clothing, fur clothing, leather luggage, fur, leather and footwear, and leather bags and suitcases.
Executives
Zhang Wei Qiang Directors, executives
Huang Yong Qun Supervisors
Yin Xiao Hong Directors, executives
Zhang Guo Xing Executives
Li Hong Liang Supervisors
Ren You Fa Directors, executives
Gu Ju Ying Executives
Shen Guo Fu Director
Li Zong Rong Directors, executives
Cha Jia Lin Executives
Qian Juan Ping Directors, executives
Zha Jia Lin Executives
Ling Jin Song Supervisors

Haining China Leather Market Co (SZSE:002344) Headlines

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