Annil Co (SZSE:002875) Effective Interest Rate on Debt % : 4.05% (As of Mar. 2024)

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What is Annil 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. Annil Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥14.6 Mil. Annil Co's average total debt for the quarter that ended in Mar. 2024 was ¥361.3 Mil. Therefore, Annil Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.05%.

Annil Co Effective Interest Rate on Debt % Historical Data

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

Annil Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.02

3.86

3.64

2.78

Annil 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															3.14	3.15	3.36	3.91	4.05

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

For the Textile Manufacturing subindustry, Annil 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.

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

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

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

Annil Co Effective Interest Rate on Debt % Calculation

Annil 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 * -8.528	/	( (220.182	+	392.802)	/ 2 )
=	-1 * -8.528	/	306.492
=	2.78 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	58.612	+	161.57
=	220.182

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	271.764	+	121.038
=	392.802

Annil 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 * -14.636	/	( (392.802	+	329.754)	/ 2 )
=	-1 * -14.636	/	361.278
=	4.05 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	271.764	+	121.038
=	392.802

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	238.546	+	91.208
=	329.754

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.

Annil Co (SZSE:002875) Effective Interest Rate on Debt % Explanation

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

Annil Co Effective Interest Rate on Debt % Related Terms

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Annil Co (SZSE:002875) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Annil Co Ltd (SZSE:002875) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

NO.2018 Xuegang Road, Bantian Street, 13th-17th Floors, 3-A Building, 1st Phase, Cloud Park industrial Zone, Longgang District, Shenzhen, CHN, 518129

Website

http://www.annil.com

Annil Co Ltd is engaged in the design and manufacture of clothing products for infants and kids. Its main products include tops, coats, trousers, skirts, down jackets, leisure wears and other accessories. Its products are made of natural cotton, flax and wool, printed and dyed with active green dyes.

Executives

Cao Zhang	Director
Xu Wen Li	Director
Long Yan	Directors, executives
Wang Jian Qing	Directors, executives
Cheng Shu Xia	Supervisors
Wang Jian Guo	Supervisors
Jiang Chun	Secretary Dong
Wang Yi Peng	Executives
Xiao Yan	Supervisors
Liao Zhi Gang	Directors, executives

Annil Co (SZSE:002875) Headlines

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