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Tianjin Motor Dies Co (SZSE:002510) Effective Interest Rate on Debt % : 4.40% (As of Mar. 2024)


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What is Tianjin Motor Dies 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. Tianjin Motor Dies Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥75 Mil. Tianjin Motor Dies Co's average total debt for the quarter that ended in Mar. 2024 was ¥1,705 Mil. Therefore, Tianjin Motor Dies Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.40%.


Tianjin Motor Dies Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Tianjin Motor Dies 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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Tianjin Motor Dies Co Effective Interest Rate on Debt % Chart

Tianjin Motor Dies 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 7.71 8.55 0.02 3.12 4.00

Tianjin Motor Dies 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 3.08 3.41 2.74 5.18 4.40

Competitive Comparison of Tianjin Motor Dies Co's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Tianjin Motor Dies 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.


Tianjin Motor Dies Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tianjin Motor Dies Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Tianjin Motor Dies Co's Effective Interest Rate on Debt % falls into.



Tianjin Motor Dies Co Effective Interest Rate on Debt % Calculation

Tianjin Motor Dies 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  *  -58.84/( (1279.848+1665.391)/ 2 )
=-1  *  -58.84/1472.6195
=4.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=609.6 + 670.248
=1279.848

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=683.301 + 982.09
=1665.391

Tianjin Motor Dies 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  *  -74.968/( (1665.391+1744.777)/ 2 )
=-1  *  -74.968/1705.084
=4.40 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=683.301 + 982.09
=1665.391

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=727.84 + 1016.937
=1744.777

* 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.


Tianjin Motor Dies Co  (SZSE:002510) Effective Interest Rate on Debt % Explanation

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


Tianjin Motor Dies Co Effective Interest Rate on Debt % Related Terms

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Tianjin Motor Dies Co (SZSE:002510) Business Description

Traded in Other Exchanges
N/A
Address
77 Hangtian Road, Airport Industrial Park, Tianjin, CHN, 300308
Tianjin Motor Dies Co Ltd manufactures and sells dies for the automotive industry. It also offers auto molds, stamping products, and welding fixtures.
Executives
Wang Jin Kui Director
Gao Xian Chen Directors, executives
Deng Ying Hua Executives
Luo Fen Supervisors
He Xu Supervisors
Dong Shu Xin Directors, executives
Zhao Wen Jie Directors, executives
Wang Zi Ling Supervisors
Chang Shi Ping Director
Ren Wei Secretary, Director
Bao Jian Xin Supervisors
Yin Bao Ru Directors, executives
Zhang Yi Sheng Directors, executives
Hu Jin Sheng Director
Ge Zhong Supervisors

Tianjin Motor Dies Co (SZSE:002510) Headlines

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