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Qingyan Environmental Technology Co (SZSE:301288) Effective Interest Rate on Debt % : 3.06% (As of Jun. 2024)


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What is Qingyan Environmental 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. Qingyan Environmental Technology Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ¥0.5 Mil. Qingyan Environmental Technology Co's average total debt for the quarter that ended in Jun. 2024 was ¥16.3 Mil. Therefore, Qingyan Environmental Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 3.06%.


Qingyan Environmental Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Qingyan Environmental 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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Qingyan Environmental Technology Co Effective Interest Rate on Debt % Chart

Qingyan Environmental Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 2.48 3.32 0.76 2.88 3.10

Qingyan Environmental Technology Co Quarterly Data
Dec18 Dec19 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 0.74 2.69 4.36 2.73 3.06

Competitive Comparison of Qingyan Environmental Technology Co's Effective Interest Rate on Debt %

For the Waste Management subindustry, Qingyan Environmental 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.


Qingyan Environmental Technology Co's Effective Interest Rate on Debt % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Qingyan Environmental Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Qingyan Environmental Technology Co Effective Interest Rate on Debt % Calculation

Qingyan Environmental 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  *  -0.695/( (29.186+15.665)/ 2 )
=-1  *  -0.695/22.4255
=3.10 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.127 + 28.059
=29.186

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.667 + 14.998
=15.665

Qingyan Environmental 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  *  -0.5/( (22.664+9.966)/ 2 )
=-1  *  -0.5/16.315
=3.06 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.497 + 22.167
=22.664

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.533 + 9.433
=9.966

* 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.


Qingyan Environmental Technology Co  (SZSE:301288) Effective Interest Rate on Debt % Explanation

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


Qingyan Environmental Technology Co Effective Interest Rate on Debt % Related Terms

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Qingyan Environmental Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 019, Gaoxin South 7th Road, Yuehai Street, Room C527, 5th Floor, Tsinghua University Research Institute, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000
Qingyan Environmental Technology Co Ltd is engaged in the biochemical wastewater treatment technology research and development and application.

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