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Kingenta Ecological Engineering Group Co (SZSE:002470) Effective Interest Rate on Debt % : 4.22% (As of Mar. 2024)


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What is Kingenta Ecological Engineering Group 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. Kingenta Ecological Engineering Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥195 Mil. Kingenta Ecological Engineering Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥4,629 Mil. Therefore, Kingenta Ecological Engineering Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.22%.


Kingenta Ecological Engineering Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Kingenta Ecological Engineering Group 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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Kingenta Ecological Engineering Group Co Effective Interest Rate on Debt % Chart

Kingenta Ecological Engineering Group 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 4.14 5.45 5.93 5.49 4.95

Kingenta Ecological Engineering Group 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 5.90 5.79 5.87 1.88 4.22

Competitive Comparison of Kingenta Ecological Engineering Group Co's Effective Interest Rate on Debt %

For the Agricultural Inputs subindustry, Kingenta Ecological Engineering Group 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.


Kingenta Ecological Engineering Group Co's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Kingenta Ecological Engineering Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Kingenta Ecological Engineering Group Co's Effective Interest Rate on Debt % falls into.



Kingenta Ecological Engineering Group Co Effective Interest Rate on Debt % Calculation

Kingenta Ecological Engineering Group 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  *  -237.711/( (4937.336+4668.162)/ 2 )
=-1  *  -237.711/4802.749
=4.95 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=204.322 + 4733.014
=4937.336

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1965.348 + 2702.814
=4668.162

Kingenta Ecological Engineering Group 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  *  -195.444/( (4668.162+4590.502)/ 2 )
=-1  *  -195.444/4629.332
=4.22 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1965.348 + 2702.814
=4668.162

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1956.996 + 2633.506
=4590.502

* 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.


Kingenta Ecological Engineering Group Co  (SZSE:002470) Effective Interest Rate on Debt % Explanation

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


Kingenta Ecological Engineering Group Co Effective Interest Rate on Debt % Related Terms

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Kingenta Ecological Engineering Group Co (SZSE:002470) Business Description

Traded in Other Exchanges
N/A
Address
No.19 Xingda west street, Linshu, Shandong Province, Linyi, CHN, 276700
Kingenta Ecological Engineering Group Co Ltd engaged in Research and Development, production and marketing of compound/blend fertilizer, slow/controlled release fertilizer and other new fertilizers. Its products include Polymer coated urea, Plant oil coated urea, Polymer sulfur coated urea, Polymer coated fertilizer and other.
Executives
Wu Xiu Qing Supervisors
Bai Ying Executives
Wan Lian Bu Directors, executives
Di Ji Dong Executives
Cui Bin Directors, Directors, and Executives
Yang Chun Ju Securities Affairs Representative
Hu Zhao Ping Executives
Yan Ming Xiao Executives
Zheng Shu Lin Executives
Yang Yan Supervisors
Li Ji Guo Executives
Gao Yi Wu Directors, executives
Zhang Xiao Yi Director
Wang Shi Qing Supervisors

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