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Himile Mechanical Science And Technology(Shangdong) Co (SZSE:002595) Effective Interest Rate on Debt % : 3.19% (As of Mar. 2024)


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What is Himile Mechanical Science And Technology(Shangdong) 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. Himile Mechanical Science And Technology(Shangdong) Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥2 Mil. Himile Mechanical Science And Technology(Shangdong) Co's average total debt for the quarter that ended in Mar. 2024 was ¥60 Mil. Therefore, Himile Mechanical Science And Technology(Shangdong) Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.19%.


Himile Mechanical Science And Technology(Shangdong) Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Himile Mechanical Science And Technology(Shangdong) 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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Himile Mechanical Science And Technology(Shangdong) Co Effective Interest Rate on Debt % Chart

Himile Mechanical Science And Technology(Shangdong) 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 3.96 2.58 4.90 4.00 4.49

Himile Mechanical Science And Technology(Shangdong) 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 3.32 40.55 0.64 7.89 3.19

Competitive Comparison of Himile Mechanical Science And Technology(Shangdong) Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Himile Mechanical Science And Technology(Shangdong) 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.


Himile Mechanical Science And Technology(Shangdong) Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Himile Mechanical Science And Technology(Shangdong) Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Himile Mechanical Science And Technology(Shangdong) Co's Effective Interest Rate on Debt % falls into.



Himile Mechanical Science And Technology(Shangdong) Co Effective Interest Rate on Debt % Calculation

Himile Mechanical Science And Technology(Shangdong) 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  *  -4.164/( (137.525+47.822)/ 2 )
=-1  *  -4.164/92.6735
=4.49 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.022 + 133.503
=137.525

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=44.373 + 3.449
=47.822

Himile Mechanical Science And Technology(Shangdong) 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  *  -1.92/( (47.822+72.476)/ 2 )
=-1  *  -1.92/60.149
=3.19 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=44.373 + 3.449
=47.822

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=68.514 + 3.962
=72.476

* 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.


Himile Mechanical Science And Technology(Shangdong) Co  (SZSE:002595) Effective Interest Rate on Debt % Explanation

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


Himile Mechanical Science And Technology(Shangdong) Co Effective Interest Rate on Debt % Related Terms

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Himile Mechanical Science And Technology(Shangdong) Co (SZSE:002595) Business Description

Traded in Other Exchanges
N/A
Address
No 1 Himile Road, Mishui Science and Technology Industrial Park, Gaomi, CHN, 261500
Himile Mechanical Science And Technology(Shangdong) Co Ltd is a Chinese company engaged in the research and development, production and sale of rubber machinery and mold products. It is mainly involved in three sectors which are top grade tire mold, high-end mechanical parts manufacturing and oil and gas equipment sector. The products manufactured by the group are involved in the fields of mechanical manufacturing, marine, rail transit, fuel gas, education, and others.
Executives
Zhang Gong Yun Director
Zhang Yan Directors, executives
Liu Sheng Jun Supervisors
Feng Min Tang Director
Ni Hao Yan Independent director
Luan Xiao Mei Securities Affairs Representative

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