GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Qingdao East Steel Tower Stock Co Ltd (SZSE:002545) » Definitions » Effective Interest Rate on Debt %

Qingdao East Steel Tower Stock Co (SZSE:002545) Effective Interest Rate on Debt % : 3.57% (As of Mar. 2025)


View and export this data going back to 2011. Start your Free Trial

What is Qingdao East Steel Tower Stock 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. Qingdao East Steel Tower Stock Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ¥65 Mil. Qingdao East Steel Tower Stock Co's average total debt for the quarter that ended in Mar. 2025 was ¥1,814 Mil. Therefore, Qingdao East Steel Tower Stock Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 3.57%.


Qingdao East Steel Tower Stock Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Qingdao East Steel Tower Stock 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.

Qingdao East Steel Tower Stock Co Effective Interest Rate on Debt % Chart

Qingdao East Steel Tower Stock Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.25 3.94 3.83 3.15 4.28

Qingdao East Steel Tower Stock Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 4.74 5.11 5.55 3.43 3.57

Competitive Comparison of Qingdao East Steel Tower Stock Co's Effective Interest Rate on Debt %

For the Steel subindustry, Qingdao East Steel Tower Stock 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.


Qingdao East Steel Tower Stock Co's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Qingdao East Steel Tower Stock Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Qingdao East Steel Tower Stock Co's Effective Interest Rate on Debt % falls into.


;
;

Qingdao East Steel Tower Stock Co Effective Interest Rate on Debt % Calculation

Qingdao East Steel Tower Stock Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -75.92/( (1718.055+1832.463)/ 2 )
=-1  *  -75.92/1775.259
=4.28 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=473.234 + 1244.821
=1718.055

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=542.121 + 1290.342
=1832.463

Qingdao East Steel Tower Stock Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2024 )+Total Debt  (Q: Mar. 2025 ))/ count )
=-1  *  -64.796/( (1832.463+1796.035)/ 2 )
=-1  *  -64.796/1814.249
=3.57 %

where

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=542.121 + 1290.342
=1832.463

Total Debt  (Q: Mar. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=502.422 + 1293.613
=1796.035

* 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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Qingdao East Steel Tower Stock Co  (SZSE:002545) Effective Interest Rate on Debt % Explanation

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


Qingdao East Steel Tower Stock Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Qingdao East Steel Tower Stock Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Qingdao East Steel Tower Stock Co Business Description

Traded in Other Exchanges
N/A
Address
318 GuangZhou North Road, Shandong Province, JiaoZhou, CHN, 266300
Qingdao East Steel Tower Stock Co Ltd manufactures and markets steel structures in the People's Republic of China. The company offers boiler steel brackets, pipe racks, torch towers, workshop steel structures, power plant air cooling platforms, boiler steel supports, large substation steel structures, high-voltage transmission line towers, and large spanning towers; and radio and TV towers, midwave antenna towers, and shortwave towers.
Executives
Du Yong Director
Han Zhen Ru Executives
Han Fang Ru Director
Wang Tong Xi Executives
Li Qiang Supervisors

Qingdao East Steel Tower Stock Co Headlines

No Headlines