Shandong Airlines Co (SZSE:200152) Effective Interest Rate on Debt % : 3.32% (As of Mar. 2023)

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What is Shandong Airlines 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. Shandong Airlines Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was HK$1,040 Mil. Shandong Airlines Co's average total debt for the quarter that ended in Mar. 2023 was HK$31,288 Mil. Therefore, Shandong Airlines Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 3.32%.

Shandong Airlines Co Effective Interest Rate on Debt % Historical Data

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

Shandong Airlines Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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4.86

5.00

1.85

3.62

3.18

Shandong Airlines Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.38	3.26	3.21	3.31	3.32

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

For the Airports & Air Services subindustry, Shandong Airlines 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.

Shandong Airlines Co's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shandong Airlines Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Shandong Airlines Co Effective Interest Rate on Debt % Calculation

Shandong Airlines Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -949.56	/	( (28112.524	+	31588.704)	/ 2 )
=	-1 * -949.56	/	29850.614
=	3.18 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20985.562	+	7126.962
=	28112.524

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15099.784	+	16488.92
=	31588.704

Shandong Airlines Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -1039.712	/	( (31588.704	+	30987.488)	/ 2 )
=	-1 * -1039.712	/	31288.096
=	3.32 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15099.784	+	16488.92
=	31588.704

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15196.581	+	15790.907
=	30987.488

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Shandong Airlines Co (SZSE:200152) Effective Interest Rate on Debt % Explanation

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

Shandong Airlines Co Effective Interest Rate on Debt % Related Terms

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Shandong Airlines Co (SZSE:200152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shandong Airlines Co Ltd (SZSE:200152) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

5746 - East 2nd Ring Road, Shandong Airlines Centre, Shandong, Jinan, CHN, 250014

Website

http://www.sda.cn

Shandong Airlines Co Ltd is mainly engaged in providing passenger and cargo air transport services. The company provides services such as Air Transport Services, Logistics & Freight Forwarding Services, Hotel and Catering Services, as well as Training Services. The business activity of the group is operated through Hong Kong, Macau, Taiwan, and overseas markets. The group derives revenue from the rendering of air services for the carriage of passengers and through royalty.

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