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Suzhou Chunxing Precision Mechanical Co (SZSE:002547) Effective Interest Rate on Debt % : 4.60% (As of Mar. 2024)


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What is Suzhou Chunxing Precision Mechanical 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. Suzhou Chunxing Precision Mechanical Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥91 Mil. Suzhou Chunxing Precision Mechanical Co's average total debt for the quarter that ended in Mar. 2024 was ¥1,968 Mil. Therefore, Suzhou Chunxing Precision Mechanical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.60%.


Suzhou Chunxing Precision Mechanical Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Suzhou Chunxing Precision Mechanical 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.

Suzhou Chunxing Precision Mechanical Co Effective Interest Rate on Debt % Chart

Suzhou Chunxing Precision Mechanical 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 5.20 5.65 4.31 5.41 5.00

Suzhou Chunxing Precision Mechanical 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 5.63 5.86 5.93 4.99 4.60

Competitive Comparison of Suzhou Chunxing Precision Mechanical Co's Effective Interest Rate on Debt %

For the Aluminum subindustry, Suzhou Chunxing Precision Mechanical 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.


Suzhou Chunxing Precision Mechanical Co's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Suzhou Chunxing Precision Mechanical Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Suzhou Chunxing Precision Mechanical Co's Effective Interest Rate on Debt % falls into.



Suzhou Chunxing Precision Mechanical Co Effective Interest Rate on Debt % Calculation

Suzhou Chunxing Precision Mechanical 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  *  -94.044/( (1759.841+2005.237)/ 2 )
=-1  *  -94.044/1882.539
=5.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=278.394 + 1481.447
=1759.841

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=205.755 + 1799.482
=2005.237

Suzhou Chunxing Precision Mechanical 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  *  -90.568/( (2005.237+1931.732)/ 2 )
=-1  *  -90.568/1968.4845
=4.60 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=205.755 + 1799.482
=2005.237

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=226.019 + 1705.713
=1931.732

* 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.


Suzhou Chunxing Precision Mechanical Co  (SZSE:002547) Effective Interest Rate on Debt % Explanation

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


Suzhou Chunxing Precision Mechanical Co Effective Interest Rate on Debt % Related Terms

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Suzhou Chunxing Precision Mechanical Co (SZSE:002547) Business Description

Traded in Other Exchanges
N/A
Address
Number 120, East Jinling Road, Weiting Town, Suzhou lndustrial Park, Jiangsu Province, Suzhou, CHN
Suzhou Chunxing Precision Mechanical Co Ltd is engaged in producing Precise aluminum structure parts for Telecom, Automobile, Industrial, Medical, and Consumers. The product offerings of the company include Die casting product, Filter body, Robot housing, Automobile seat frame and Seatbelt reel among others.
Executives
Dan Xing Zhou Executives
Wang Kai Executives
Xu Su Yun Executives
Lu Yong Director
Yuan Jing Director
Wu Yong Zhong Supervisors
Sun Jie Xiao Directors, executives
Shu Zhang An Directors, executives
Wang Shu Qiang Executives
Hua Chen Kan Executives

Suzhou Chunxing Precision Mechanical Co (SZSE:002547) Headlines

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