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Rainbow Digital Commercial Co (SZSE:002419) Effective Interest Rate on Debt % : 1.77% (As of Mar. 2024)


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What is Rainbow Digital Commercial 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. Rainbow Digital Commercial Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥220 Mil. Rainbow Digital Commercial Co's average total debt for the quarter that ended in Mar. 2024 was ¥12,406 Mil. Therefore, Rainbow Digital Commercial Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.77%.


Rainbow Digital Commercial Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Rainbow Digital Commercial 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.

Rainbow Digital Commercial Co Effective Interest Rate on Debt % Chart

Rainbow Digital Commercial 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 - 0.05 2.13 1.95 1.84

Rainbow Digital Commercial 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 1.86 -1.13 4.98 1.89 1.77

Competitive Comparison of Rainbow Digital Commercial Co's Effective Interest Rate on Debt %

For the Department Stores subindustry, Rainbow Digital Commercial 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.


Rainbow Digital Commercial Co's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Rainbow Digital Commercial Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Rainbow Digital Commercial Co's Effective Interest Rate on Debt % falls into.



Rainbow Digital Commercial Co Effective Interest Rate on Debt % Calculation

Rainbow Digital Commercial 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  *  -251.482/( (14797.217+12573.078)/ 2 )
=-1  *  -251.482/13685.1475
=1.84 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13403.202 + 1394.015
=14797.217

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10864.754 + 1708.324
=12573.078

Rainbow Digital Commercial 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  *  -219.684/( (12573.078+12239.105)/ 2 )
=-1  *  -219.684/12406.0915
=1.77 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10864.754 + 1708.324
=12573.078

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10621.425 + 1617.68
=12239.105

* 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.


Rainbow Digital Commercial Co  (SZSE:002419) Effective Interest Rate on Debt % Explanation

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


Rainbow Digital Commercial Co Effective Interest Rate on Debt % Related Terms

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Rainbow Digital Commercial Co (SZSE:002419) Business Description

Traded in Other Exchanges
N/A
Address
No. 3019, Central Road (Shenzhen Bay Section), 9th-14th Floor, 17th-20th Floor, Tianhong Building, Nanshan District, Guangdong Province, Shenzhen, CHN, 518026
Rainbow Digital Commercial Co Ltd operates a platform-based business with department stores, shopping malls and vertical business with supermarkets, convenience stores. It sells daily necessities, textiles, clothing, cosmetics, food, salt, beverages, health foods, agricultural and sideline products, household appliances and electronic products, culture, sports goods and equipment, building materials and chemical products.
Executives
Chen Zhi Xiang Supervisors
Jiang Yong Executives
Chen Yu Supervisors
Wu Jian Qiong Executives
Hou Yi Executives
Wan Ying Secretary Dong
Zhang Xu Hua Executives
Zheng Man Executives
Song Yao Ming Executives
Sun Jin Cheng Executives
Gao Shu Lin Directors, executives

Rainbow Digital Commercial Co (SZSE:002419) Headlines

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