Sineng Electric Co (SZSE:300827) Effective Interest Rate on Debt % : 2.88% (As of Mar. 2024)

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What is Sineng Electric 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. Sineng Electric Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥22 Mil. Sineng Electric Co's average total debt for the quarter that ended in Mar. 2024 was ¥760 Mil. Therefore, Sineng Electric Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.88%.

Sineng Electric Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sineng Electric 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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Sineng Electric Co Effective Interest Rate on Debt % Chart

Sineng Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.91

9.14

4.98

4.64

3.37

Sineng Electric Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.45	3.30	4.94	3.45	2.88

Competitive Comparison of Sineng Electric Co's Effective Interest Rate on Debt %

For the Solar subindustry, Sineng Electric 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.

Sineng Electric Co's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sineng Electric Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sineng Electric Co's Effective Interest Rate on Debt % falls into.

Sineng Electric Co Effective Interest Rate on Debt % Calculation

Sineng Electric 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 * -28.041	/	( (808.03	+	857.529)	/ 2 )
=	-1 * -28.041	/	832.7795
=	3.37 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	502.633	+	305.397
=	808.03

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	176.212	+	681.317
=	857.529

Sineng Electric Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -21.928	/	( (857.529	+	663.435)	/ 2 )
=	-1 * -21.928	/	760.482
=	2.88 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	176.212	+	681.317
=	857.529

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	152.182	+	511.253
=	663.435

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

Sineng Electric Co (SZSE:300827) Effective Interest Rate on Debt % Explanation

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

Sineng Electric Co Effective Interest Rate on Debt % Related Terms

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Sineng Electric Co (SZSE:300827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sineng Electric Co Ltd (SZSE:300827) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 6 Hehui Road, Huishan District, Jiangsu Province, Wuxi, CHN, 214174

Website

http://www.si-neng.com

Sineng Electric Co Ltd is engaged in production and sales of power electronic equipment. The company is deeply involved in the field of power electronics energy conversion and control, providing users with products and solutions such as photovoltaic grid-connected inversion, photovoltaic power station operation and maintenance, photovoltaic power station development, power quality control, and energy storage bidirectional conversion. Its business covers the entire power generation, supply and distribution, and electricity consumption systems, and it is a leading equipment manufacturer and solution provider in related industries.

Executives

Chen Gan Feng	Directors, executives
Duan Yu He	Directors, executives
Li Jian Fei	Directors, executives
Zhao Long	Supervisors

Sineng Electric Co (SZSE:300827) Headlines

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