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Zhejiang Busen Garments Co (SZSE:002569) Effective Interest Rate on Debt % : 22.01% (As of Mar. 2024)


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What is Zhejiang Busen Garments 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. Zhejiang Busen Garments Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0.8 Mil. Zhejiang Busen Garments Co's average total debt for the quarter that ended in Mar. 2024 was ¥3.8 Mil. Therefore, Zhejiang Busen Garments Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 22.01%.


Zhejiang Busen Garments Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhejiang Busen Garments 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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Zhejiang Busen Garments Co Effective Interest Rate on Debt % Chart

Zhejiang Busen Garments 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 - - 91.54 30.10 -15.60

Zhejiang Busen Garments 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 14.15 7.16 -4.37 -74.59 22.01

Competitive Comparison of Zhejiang Busen Garments Co's Effective Interest Rate on Debt %

For the Apparel Manufacturing subindustry, Zhejiang Busen Garments 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.


Zhejiang Busen Garments Co's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Busen Garments Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zhejiang Busen Garments Co's Effective Interest Rate on Debt % falls into.



Zhejiang Busen Garments Co Effective Interest Rate on Debt % Calculation

Zhejiang Busen Garments 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  *  0.747/( (5.687+3.889)/ 2 )
=-1  *  0.747/4.788
=-15.60 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.299 + 3.388
=5.687

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.511 + 2.378
=3.889

Zhejiang Busen Garments 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  *  -0.832/( (3.889+3.671)/ 2 )
=-1  *  -0.832/3.78
=22.01 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.511 + 2.378
=3.889

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.511 + 2.16
=3.671

* 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.


Zhejiang Busen Garments Co  (SZSE:002569) Effective Interest Rate on Debt % Explanation

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


Zhejiang Busen Garments Co Effective Interest Rate on Debt % Related Terms

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Zhejiang Busen Garments Co (SZSE:002569) Business Description

Traded in Other Exchanges
N/A
Address
419, Busen Avenue, Fengqiao Town, Zhejiang, Zhuji, CHN, 311811
Zhejiang Busen Garments Co Ltd is engaged in the business of design, production, and sales of men's clothing. The products of the company include shirts, suits, trousers, jackets, T-shirts, and business wear.
Executives
Wang Gang Executives
Du Xin Director
Lu Li Juan Directors, executives
Bai Liang Director
Pan Yi Supervisors
Huang Le Ying Director
Yuan Jian Jun Executives
Shou He Lei Secretary Dong
Zhao Xia Ying Supervisors
Ye Hong Ying Supervisors
Chen Neng En Director
Wang Ling Director
Chen Jian Guo Director

Zhejiang Busen Garments Co (SZSE:002569) Headlines

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