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Zibo Qixiang Tengda Chemical Co (SZSE:002408) Effective Interest Rate on Debt % : 2.41% (As of Mar. 2024)


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What is Zibo Qixiang Tengda Chemical 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. Zibo Qixiang Tengda Chemical Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥245 Mil. Zibo Qixiang Tengda Chemical Co's average total debt for the quarter that ended in Mar. 2024 was ¥10,158 Mil. Therefore, Zibo Qixiang Tengda Chemical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.41%.


Zibo Qixiang Tengda Chemical Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zibo Qixiang Tengda Chemical 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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Zibo Qixiang Tengda Chemical Co Effective Interest Rate on Debt % Chart

Zibo Qixiang Tengda Chemical 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 5.08 3.28 3.12 3.08 3.46

Zibo Qixiang Tengda Chemical 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 1.79 6.04 3.16 1.22 2.41

Competitive Comparison of Zibo Qixiang Tengda Chemical Co's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Zibo Qixiang Tengda Chemical 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.


Zibo Qixiang Tengda Chemical Co's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

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

* The bar in red indicates where Zibo Qixiang Tengda Chemical Co's Effective Interest Rate on Debt % falls into.



Zibo Qixiang Tengda Chemical Co Effective Interest Rate on Debt % Calculation

Zibo Qixiang Tengda Chemical 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  *  -324.048/( (9007.848+9727.401)/ 2 )
=-1  *  -324.048/9367.6245
=3.46 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3366.571 + 5641.277
=9007.848

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3118.959 + 6608.442
=9727.401

Zibo Qixiang Tengda Chemical 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  *  -244.8/( (9727.401+10588.717)/ 2 )
=-1  *  -244.8/10158.059
=2.41 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3118.959 + 6608.442
=9727.401

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2692.518 + 7896.199
=10588.717

* 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.


Zibo Qixiang Tengda Chemical Co  (SZSE:002408) Effective Interest Rate on Debt % Explanation

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


Zibo Qixiang Tengda Chemical Co Effective Interest Rate on Debt % Related Terms

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Zibo Qixiang Tengda Chemical Co (SZSE:002408) Business Description

Traded in Other Exchanges
N/A
Address
Shandong Province Rubber Factory Road on the 1st, Linzi District, Zibo, CHN, 255438
Zibo Qixiang Tengda Chemical Co Ltd is a China-based company dealing in methyl ethyl ketone, isobutylene, maleic anhydride, disproportioated, butadiene, and carboxyl styrene butadiene latex.
Executives
Che Cheng Ju Directors, executives
Yin Wei Ling Executives
Zhang Jun Secretary Dong
Li Yong Executives
Huang Lei Executives
Zhu Zhen Mao Directors, Directors, and Executives
Fan Jia Yu Director
Bian Li Bin Director
Li Pei Pei Supervisors
Zhuang Jie Supervisors
Zhu Shu Jun Executives
Yang Shu Guang Supervisors
Ma Li Supervisors
Wang Zhu Qing Executives
Bi Ke Dou Director

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