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Shanghai Morn Electric Equipment Co (SZSE:002451) Effective Interest Rate on Debt % : 3.87% (As of Mar. 2024)


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What is Shanghai Morn Electric Equipment 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. Shanghai Morn Electric Equipment Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥23 Mil. Shanghai Morn Electric Equipment Co's average total debt for the quarter that ended in Mar. 2024 was ¥587 Mil. Therefore, Shanghai Morn Electric Equipment Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.87%.


Shanghai Morn Electric Equipment Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shanghai Morn Electric Equipment 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.

Shanghai Morn Electric Equipment Co Effective Interest Rate on Debt % Chart

Shanghai Morn Electric Equipment 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 4.91 3.94 5.06 5.03 4.14

Shanghai Morn Electric Equipment 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 4.86 3.67 3.70 3.58 3.87

Competitive Comparison of Shanghai Morn Electric Equipment Co's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Shanghai Morn Electric Equipment 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.


Shanghai Morn Electric Equipment Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Morn Electric Equipment Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shanghai Morn Electric Equipment Co's Effective Interest Rate on Debt % falls into.



Shanghai Morn Electric Equipment Co Effective Interest Rate on Debt % Calculation

Shanghai Morn Electric Equipment 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  *  -23.753/( (566.912+580.543)/ 2 )
=-1  *  -23.753/573.7275
=4.14 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=121.248 + 445.664
=566.912

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=181.414 + 399.129
=580.543

Shanghai Morn Electric Equipment 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  *  -22.72/( (580.543+592.511)/ 2 )
=-1  *  -22.72/586.527
=3.87 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=181.414 + 399.129
=580.543

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=93.539 + 498.972
=592.511

* 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.


Shanghai Morn Electric Equipment Co  (SZSE:002451) Effective Interest Rate on Debt % Explanation

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


Shanghai Morn Electric Equipment Co Effective Interest Rate on Debt % Related Terms

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Shanghai Morn Electric Equipment Co (SZSE:002451) Business Description

Traded in Other Exchanges
N/A
Address
No.2829 Jiangshan Road, Pudong New Area, Shanghai, CHN, 201306
Shanghai Morn Electric Equipment Co Ltd is engaged in the manufacture, development and sale of wire, cable and related accessories in China. The company also offers technical consulting and services for its products. Its products include Multi URD cable, Single URD cable, DLO cable, SOOW flexible cable, SJOOW flexible cable, SO flexible cable, SJ flexible cable, among others.
Executives
Zhu Jie Supervisors
Wen Ze Xin Directors, executives
Ye Zhen Executives
Zhu Zhi Ying Director
Dai Ren Min Supervisors
Chen Yin Executives
Wang Yong Wei Directors, executives
Wang Qing Director
Wen Ze Hong Directors, executives
Chen De Bin Executives

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