GI Technologies Group Co (SZSE:300309) Effective Interest Rate on Debt % : 3.22% (As of Mar. 2023)

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What is GI Technologies 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. GI Technologies Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ¥25.74 Mil. GI Technologies Group Co's average total debt for the quarter that ended in Mar. 2023 was ¥799.01 Mil. Therefore, GI Technologies Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 3.22%.

GI Technologies Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for GI Technologies 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.

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GI Technologies Group Co Effective Interest Rate on Debt % Chart

GI Technologies Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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1.85

1.88

3.37

10.42

5.32

GI Technologies Group 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															4.78	5.01	2.90	3.06	3.22

Competitive Comparison of GI Technologies Group Co's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, GI Technologies 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.

GI Technologies Group Co's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, GI Technologies Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

GI Technologies Group Co Effective Interest Rate on Debt % Calculation

GI Technologies Group 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 * -52.931	/	( (1168.931	+	822.703)	/ 2 )
=	-1 * -52.931	/	995.817
=	5.32 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	287.859	+	881.072
=	1168.931

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37.861	+	784.842
=	822.703

GI Technologies Group 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 * -25.744	/	( (822.703	+	775.326)	/ 2 )
=	-1 * -25.744	/	799.0145
=	3.22 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37.861	+	784.842
=	822.703

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37.174	+	738.152
=	775.326

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.

GI Technologies Group Co (SZSE:300309) Effective Interest Rate on Debt % Explanation

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

GI Technologies Group Co Effective Interest Rate on Debt % Related Terms

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GI Technologies Group Co (SZSE:300309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GI Technologies Group Co Ltd (SZSE:300309) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Haiying Road, Room 201, 2nd Floor, Building 2, Fengtai District, Beijing, CHN

Website

http://www.gi-tech.cn

GI Technologies Group Co Ltd is engaged in the research and development, manufacturing of petroleum equipment. The company operates through three main businesses: petroleum equipment manufacturing, petroleum engineering services and petrochemical. Its petroleum engineering services comprise well logging service, directional drilling service, and downhole operation service. The petrochemical business is mainly engaged in the oil refining and oil trade. In addition, the company is also engaged in the asset management business. It operates in more than 20 countries and regions at home and abroad.

Executives

Yao Qing	Directors, executives
Xu Bo	Director
Huang Wen Zhi	Director
Gao Huai Xue	Secretary Dong
Fu Da Peng	Supervisors
Feng Yu Ping	Executives
Li Xin Min	Executives
Chen Gang	Independent director
Zhang Feng	Supervisors
He Nian	Supervisors

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