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Tianjin Motimo Membrane Technology Co (SZSE:300334) Effective Interest Rate on Debt % : 8.00% (As of Sep. 2024)


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What is Tianjin Motimo Membrane 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. Tianjin Motimo Membrane Technology Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ¥9.9 Mil. Tianjin Motimo Membrane Technology Co's average total debt for the quarter that ended in Sep. 2024 was ¥123.4 Mil. Therefore, Tianjin Motimo Membrane Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 8.00%.


Tianjin Motimo Membrane Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Tianjin Motimo Membrane 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.

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Tianjin Motimo Membrane Technology Co Effective Interest Rate on Debt % Chart

Tianjin Motimo Membrane 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 7.32 6.49 9.06 17.64 9.82

Tianjin Motimo Membrane Technology 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 3.59 22.51 7.32 4.58 8.00

Competitive Comparison of Tianjin Motimo Membrane Technology Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Tianjin Motimo Membrane 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.


Tianjin Motimo Membrane Technology Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tianjin Motimo Membrane Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Tianjin Motimo Membrane Technology Co's Effective Interest Rate on Debt % falls into.



Tianjin Motimo Membrane Technology Co Effective Interest Rate on Debt % Calculation

Tianjin Motimo Membrane 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  *  -16.373/( (219.019+114.572)/ 2 )
=-1  *  -16.373/166.7955
=9.82 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=80.581 + 138.438
=219.019

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=74.916 + 39.656
=114.572

Tianjin Motimo Membrane Technology 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  *  -9.868/( (140.482+106.271)/ 2 )
=-1  *  -9.868/123.3765
=8.00 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=80.659 + 59.823
=140.482

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=77.2 + 29.071
=106.271

* 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.


Tianjin Motimo Membrane Technology Co  (SZSE:300334) Effective Interest Rate on Debt % Explanation

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


Tianjin Motimo Membrane Technology Co Effective Interest Rate on Debt % Related Terms

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Tianjin Motimo Membrane Technology Co Business Description

Traded in Other Exchanges
N/A
Address
11th Street, TEDA, Tianjin, CHN, 300160
Tianjin Motimo Membrane Technology Co Ltd is engaged in the research and development of membrane material and membrane process. In addition, the company is engaged in the production of the membrane module and membrane equipment. The company offers hollow fiber microfiltration and ultrafiltration membrane element and equipment. The products are widely used in municipal, power, steel and iron, petrochemical, spinning and weaving, food filed, water supply industries and pharmacy removal, separation, and concentration. Its products are exported to more than 20 countries.
Executives
Ye Quan Director
Hu Xiao Yu Executives
Dai Hai Ping Executives
Li Xin Min Director
Li Hong Gang Executives
Qiu Guan Xiong Supervisors
Liu Jian Li Executives
Zhang Lin Executives
Li Xiang De Executives
Huan Guo Lan Securities Affairs Representative
Zheng Chun Jian Directors, executives

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