GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Zhongzi Zhongcheng Group Co Ltd (SZSE:300208) » Definitions » Effective Interest Rate on Debt %

Qingdao Zhongzi Zhongcheng Group Co (SZSE:300208) Effective Interest Rate on Debt % : 30.83% (As of Sep. 2024)


View and export this data going back to 2011. Start your Free Trial

What is Qingdao Zhongzi Zhongcheng 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. Qingdao Zhongzi Zhongcheng Group Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ¥121.6 Mil. Qingdao Zhongzi Zhongcheng Group Co's average total debt for the quarter that ended in Sep. 2024 was ¥394.5 Mil. Therefore, Qingdao Zhongzi Zhongcheng Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 30.83%.


Qingdao Zhongzi Zhongcheng Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Qingdao Zhongzi Zhongcheng 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.

Qingdao Zhongzi Zhongcheng Group Co Effective Interest Rate on Debt % Chart

Qingdao Zhongzi Zhongcheng 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 11.19 8.40 9.30 16.08 43.17

Qingdao Zhongzi Zhongcheng Group Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 24.83 29.77 21.53 32.55 30.83

Competitive Comparison of Qingdao Zhongzi Zhongcheng Group Co's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Qingdao Zhongzi Zhongcheng 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.


Qingdao Zhongzi Zhongcheng Group Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qingdao Zhongzi Zhongcheng Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Qingdao Zhongzi Zhongcheng Group Co's Effective Interest Rate on Debt % falls into.



Qingdao Zhongzi Zhongcheng Group Co Effective Interest Rate on Debt % Calculation

Qingdao Zhongzi Zhongcheng 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  *  -120.324/( (156.513+400.903)/ 2 )
=-1  *  -120.324/278.708
=43.17 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=36.263 + 120.25
=156.513

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=37.541 + 363.362
=400.903

Qingdao Zhongzi Zhongcheng Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -121.632/( (411.27+377.733)/ 2 )
=-1  *  -121.632/394.5015
=30.83 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=36.524 + 374.746
=411.27

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=38.506 + 339.227
=377.733

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


Qingdao Zhongzi Zhongcheng Group Co  (SZSE:300208) Effective Interest Rate on Debt % Explanation

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


Qingdao Zhongzi Zhongcheng Group Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Qingdao Zhongzi Zhongcheng Group Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Qingdao Zhongzi Zhongcheng Group Co Business Description

Traded in Other Exchanges
N/A
Address
Chengyang Airport Industrial Park, Qingdao City, CHN, 266108
Qingdao Zhongzi Zhongcheng Group Co Ltd is mainly engaged in green power grids construction, electric power and new energy development, overseas mineral operation, industrial parks development, virtual reality and Internet technology research and development applications and financial investment holding businesses.
Executives
Jia Xiao Yu Directors, executives
Mo Bai Xin Secretary Dong
Chen Zhang Supervisors
Jia Yu Lan Director
Sun Jian Qiang Independent director
Xu Mao Shun Independent director
Wang Tian Wen Independent director
Yao Gang Independent director
Jia Quan Chen Directors, executives
Ying Ming Supervisors
Chen Xiao Qiang Directors, executives
Zhang Pei Rong Supervisors
Fu Da Zhi Executives
Liu Tao Executives
Zhang Zhen Bo Executives

Qingdao Zhongzi Zhongcheng Group Co Headlines

No Headlines