Zhejiang Renzhi Co (SZSE:002629) Effective Interest Rate on Debt % : 11.40% (As of Mar. 2024)

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What is Zhejiang Renzhi 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 Renzhi Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0.3 Mil. Zhejiang Renzhi Co's average total debt for the quarter that ended in Mar. 2024 was ¥2.7 Mil. Therefore, Zhejiang Renzhi Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.40%.

Zhejiang Renzhi Co Effective Interest Rate on Debt % Historical Data

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

Zhejiang Renzhi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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12.31

8.41

9.87

9.13

5.97

Zhejiang Renzhi 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															4.80	5.52	5.18	10.46	11.40

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

For the Oil & Gas Equipment & Services subindustry, Zhejiang Renzhi 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 Renzhi Co's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Zhejiang Renzhi Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Zhejiang Renzhi Co Effective Interest Rate on Debt % Calculation

Zhejiang Renzhi 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 * -0.335	/	( (7.651	+	3.581)	/ 2 )
=	-1 * -0.335	/	5.616
=	5.97 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.422	+	5.229
=	7.651

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.429	+	3.152
=	3.581

Zhejiang Renzhi 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 * -0.304	/	( (3.581	+	1.75)	/ 2 )
=	-1 * -0.304	/	2.6655
=	11.40 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.429	+	3.152
=	3.581

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.085	+	1.665
=	1.75

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 Renzhi Co (SZSE:002629) Effective Interest Rate on Debt % Explanation

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

Zhejiang Renzhi Co Effective Interest Rate on Debt % Related Terms

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Zhejiang Renzhi Co (SZSE:002629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zhejiang Renzhi Co Ltd (SZSE:002629) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2180 Binhai 6th Road, Room 108, Building 1, Wenzhou Economic and Technological Development Zone, Wenzhou, CHN, 200135

Website

http://www.chinarenzhi.com

Zhejiang Renzhi Co Ltd is engaged in the oil service industry which include providing professional services like oil and gas drilling engineering field, oilfield special equipment inspection and maintenance technology.

Executives

Tian Lin	Securities Affairs Representative
Wang Hao	Directors, executives
Xiong Hai He	Supervisors
Zhang Jun	Directors, executives
Feng Pin	Directors, executives
Wang Jian Jun	Director
Yang Liao	Directors, executives
Li Yuan En	Directors, executives
Liu Hui Qin	Supervisors
Ceng Chang Hua	Supervisors

Zhejiang Renzhi Co (SZSE:002629) Headlines

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