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Suzhou Yangtze New Materials Co (SZSE:002652) Effective Interest Rate on Debt % : 8.79% (As of Jun. 2024)


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What is Suzhou Yangtze New Materials 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 Yangtze New Materials Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ¥11.4 Mil. Suzhou Yangtze New Materials Co's average total debt for the quarter that ended in Jun. 2024 was ¥129.8 Mil. Therefore, Suzhou Yangtze New Materials Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 8.79%.


Suzhou Yangtze New Materials Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Suzhou Yangtze New Materials 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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Suzhou Yangtze New Materials Co Effective Interest Rate on Debt % Chart

Suzhou Yangtze New Materials 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 7.85 2.86 5.56 6.04 7.34

Suzhou Yangtze New Materials Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 6.09 9.15 7.66 9.08 8.79

Competitive Comparison of Suzhou Yangtze New Materials Co's Effective Interest Rate on Debt %

For the Steel subindustry, Suzhou Yangtze New Materials 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 Yangtze New Materials Co's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Suzhou Yangtze New Materials Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Suzhou Yangtze New Materials Co's Effective Interest Rate on Debt % falls into.



Suzhou Yangtze New Materials Co Effective Interest Rate on Debt % Calculation

Suzhou Yangtze New Materials 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  *  -15.962/( (274.187+160.991)/ 2 )
=-1  *  -15.962/217.589
=7.34 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.322 + 273.865
=274.187

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.166 + 160.825
=160.991

Suzhou Yangtze New Materials Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -11.404/( (132.352+127.237)/ 2 )
=-1  *  -11.404/129.7945
=8.79 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.166 + 132.186
=132.352

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.208 + 127.029
=127.237

* 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 (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Suzhou Yangtze New Materials Co  (SZSE:002652) Effective Interest Rate on Debt % Explanation

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


Suzhou Yangtze New Materials Co Effective Interest Rate on Debt % Related Terms

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Suzhou Yangtze New Materials Co Business Description

Traded in Other Exchanges
N/A
Address
No.218, danfeng road, Suzhou, CHN, 215000
Suzhou Yangtze New Materials Co Ltd is engaged in the manufacturing and distribution of steel coils. Its product portfolio comprises cold rolled steel coil and sheet, hot dipped galvanized steel coil and sheet, pre-painted galvanized steel coil, and anti-static organic color coated steel sheet. The steel coils are mainly used in food processing, hospital, PV manufacturing, electronic and other industries.
Executives
Jin Yue Guo Directors, executives
Xu Xiao Nan Executives
Wang Meng Bing Directors, executives
Yang Jian Ren Executives
Hu Wei Lin Director
Qin Chang He Executives
Bu Jiang Directors, executives
Gao Tian Shu Supervisors

Suzhou Yangtze New Materials Co Headlines

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