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Shandong Meichen Science & Technology Co (SZSE:300237) Effective Interest Rate on Debt % : 6.64% (As of Jun. 2024)


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What is Shandong Meichen Science & Technology 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 Meichen Science & Technology Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ¥278 Mil. Shandong Meichen Science & Technology Co's average total debt for the quarter that ended in Jun. 2024 was ¥4,178 Mil. Therefore, Shandong Meichen Science & Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 6.64%.


Shandong Meichen Science & Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shandong Meichen Science & Technology 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.

Shandong Meichen Science & Technology Co Effective Interest Rate on Debt % Chart

Shandong Meichen Science & Technology 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 8.20 7.17 7.39 6.22 7.51

Shandong Meichen Science & Technology 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 6.73 6.84 8.60 6.47 6.64

Competitive Comparison of Shandong Meichen Science & Technology Co's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Shandong Meichen Science & Technology 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 Meichen Science & Technology Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shandong Meichen Science & Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Shandong Meichen Science & Technology Co Effective Interest Rate on Debt % Calculation

Shandong Meichen Science & Technology 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  *  -339.894/( (4845.331+4211.481)/ 2 )
=-1  *  -339.894/4528.406
=7.51 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1492.615 + 3352.716
=4845.331

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=823.983 + 3387.498
=4211.481

Shandong Meichen Science & Technology 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  *  -277.644/( (4216.669+4140.168)/ 2 )
=-1  *  -277.644/4178.4185
=6.64 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=828.716 + 3387.953
=4216.669

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=787.936 + 3352.232
=4140.168

* 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.


Shandong Meichen Science & Technology Co  (SZSE:300237) Effective Interest Rate on Debt % Explanation

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


Shandong Meichen Science & Technology Co Effective Interest Rate on Debt % Related Terms

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Shandong Meichen Science & Technology Co Business Description

Traded in Other Exchanges
N/A
Address
Northern part of East Outer Ring, Shandong Province, Zhucheng City, CHN, 262200
Shandong Meichen Science & Technology Co Ltd, formerly Shandong Meichen Ecology & Environment Co Ltd is engaged in the research, development, manufacturing, and distribution of rubber hose, damping rubber, engineering plastics products and related raw materials in China. It operates in the business areas of Sophisticated high molecular material and Ecological environment protection. The sophisticated high molecular material area offers suspension products, system integration modified engineering plastics products, elastic products damping noise reduction, and fluid pipe products. Ecological environment protection includes services like an ecological garden, soil repair, city minerals, water ecological management and air detection management.
Executives
Xu Hai Qin Director
Zhang Lei Director
Zheng Zhao Wei Director
Li Rong Hua Directors, executives
Guo Bai Feng Director
Ma Jing Chun Director
Li Rui Long Executives
Xiao Pan Wen Directors, executives
Sun Pei Zhu Directors, executives
Li Wei Gang Secretary Dong
Zhen Ran Supervisors
Zhao Xiang Yang Independent director
Li Xiao Nan Director

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