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Shantou Wanshun New Material Group Co (SZSE:300057) Effective Interest Rate on Debt % : 3.66% (As of Jun. 2024)


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What is Shantou Wanshun New Material Group 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. Shantou Wanshun New Material Group Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ¥118 Mil. Shantou Wanshun New Material Group Co's average total debt for the quarter that ended in Jun. 2024 was ¥3,215 Mil. Therefore, Shantou Wanshun New Material Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 3.66%.


Shantou Wanshun New Material Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shantou Wanshun New Material Group 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.

* Premium members only.

Shantou Wanshun New Material Group Co Effective Interest Rate on Debt % Chart

Shantou Wanshun New Material Group 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 4.22 2.80 2.01 3.72 3.18

Shantou Wanshun New Material Group 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 3.58 3.39 3.26 4.06 3.66

Competitive Comparison of Shantou Wanshun New Material Group Co's Effective Interest Rate on Debt %

For the Packaging & Containers subindustry, Shantou Wanshun New Material Group 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.


Shantou Wanshun New Material Group Co's Effective Interest Rate on Debt % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Shantou Wanshun New Material Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shantou Wanshun New Material Group Co's Effective Interest Rate on Debt % falls into.



Shantou Wanshun New Material Group Co Effective Interest Rate on Debt % Calculation

Shantou Wanshun New Material Group 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  *  -93.905/( (3054.004+2851.577)/ 2 )
=-1  *  -93.905/2952.7905
=3.18 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=886.327 + 2167.677
=3054.004

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=821.535 + 2030.042
=2851.577

Shantou Wanshun New Material Group 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  *  -117.724/( (3098.036+3332.316)/ 2 )
=-1  *  -117.724/3215.176
=3.66 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=862.783 + 2235.253
=3098.036

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=899.413 + 2432.903
=3332.316

* 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.


Shantou Wanshun New Material Group Co  (SZSE:300057) Effective Interest Rate on Debt % Explanation

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


Shantou Wanshun New Material Group Co Effective Interest Rate on Debt % Related Terms

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Shantou Wanshun New Material Group Co Business Description

Traded in Other Exchanges
N/A
Address
Shantou Free Trade Zone, Wanshun Industrial Park, Guangdong Province, Shantou, CHN, 515078
Shantou Wanshun New Material Group Co Ltd, formerly known as Shantou Wanshun Package Material Stock Co Ltd is a China-based company engaged in producing eco-friendly packaging material, high-precision aluminum foil, and functional film. The products offered by the company are intelligent light control film, ITO conductive film, high resistance diaphragm, aluminized film, intelligent electronically controlled liquid crystal film, and others.
Executives
Du Cheng Cheng Directors, executives
Zhang Ji Hui Independent director
Zhou Qian Wen Director
Cai Yi Ran Director
Yang Shi Zhe Securities Affairs Representative
Han Xiao Directors, executives, representatives of securiti

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