Changzhou Nrb (SZSE:002708) Effective Interest Rate on Debt % : 6.88% (As of Mar. 2024)

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What is Changzhou Nrb 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. Changzhou Nrb's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥47 Mil. Changzhou Nrb's average total debt for the quarter that ended in Mar. 2024 was ¥681 Mil. Therefore, Changzhou Nrb's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.88%.

Changzhou Nrb Effective Interest Rate on Debt % Historical Data

The historical data trend for Changzhou Nrb'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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Changzhou Nrb Effective Interest Rate on Debt % Chart

Changzhou Nrb Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.80

4.66

3.37

3.78

4.68

Changzhou Nrb 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															4.17	5.36	2.02	6.68	6.88

Competitive Comparison of Changzhou Nrb's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Changzhou Nrb'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.

Changzhou Nrb's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Changzhou Nrb's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Changzhou Nrb's Effective Interest Rate on Debt % falls into.

Changzhou Nrb Effective Interest Rate on Debt % Calculation

Changzhou Nrb'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 * -29.846	/	( (585.247	+	689.332)	/ 2 )
=	-1 * -29.846	/	637.2895
=	4.68 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.396	+	560.851
=	585.247

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.921	+	662.411
=	689.332

Changzhou Nrb'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 * -46.844	/	( (689.332	+	672.1)	/ 2 )
=	-1 * -46.844	/	680.716
=	6.88 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.921	+	662.411
=	689.332

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32.862	+	639.238
=	672.1

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.

Changzhou Nrb (SZSE:002708) Effective Interest Rate on Debt % Explanation

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

Changzhou Nrb Effective Interest Rate on Debt % Related Terms

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Changzhou Nrb (SZSE:002708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changzhou Nrb Corp (SZSE:002708) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No.52 Hanjiang Road, New Hi-Tech District, Jiangsu, Changzhou, CHN, 213022

Website

http://www.nrb.com.cn

Changzhou Nrb Corp is engaged in the research and development, manufacturing and sales of high precision and high-reliability products like precision bearings, synchronizers, planetary platoons, and precision forgings. Its products are needle roller bearing, roller bearing, clutch release bearing, and hub bearing which are mainly applied to assemblies like automotive transmission, clutch, heavy truck axle, and hub.

Executives

Cheng Shang Nan	Director
Zhang Jian Gang	Executives
Weng Jun	Executives
Wu Chao Yang	Directors, executives
Zheng Wei Qiang	Directors, Directors, and Executives
Li Shu Hua	Director
Huang Xing Hua	Executives
Shen Ya Jun	Executives
Yao Jian Ping	Supervisors
Xu Jian Feng	Supervisors
Cheng Shang Bai	Directors, executives
Cheng Xiao Su	Director

Changzhou Nrb (SZSE:002708) Headlines

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