Hangzhou Minsheng Healthcare Co (SZSE:301507) Effective Interest Rate on Debt % : 8.56% (As of Mar. 2024)

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What is Hangzhou Minsheng Healthcare 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. Hangzhou Minsheng Healthcare Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0.2 Mil. Hangzhou Minsheng Healthcare Co's average total debt for the quarter that ended in Mar. 2024 was ¥2.0 Mil. Therefore, Hangzhou Minsheng Healthcare Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.56%.

Hangzhou Minsheng Healthcare Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hangzhou Minsheng Healthcare 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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Hangzhou Minsheng Healthcare Co Effective Interest Rate on Debt % Chart

Hangzhou Minsheng Healthcare Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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12.86

7.63

2.68

4.80

4.13

Hangzhou Minsheng Healthcare Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									4.59	-	-	5.50	8.56

Competitive Comparison of Hangzhou Minsheng Healthcare Co's Effective Interest Rate on Debt %

For the Drug Manufacturers - General subindustry, Hangzhou Minsheng Healthcare 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.

Hangzhou Minsheng Healthcare Co's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hangzhou Minsheng Healthcare Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hangzhou Minsheng Healthcare Co's Effective Interest Rate on Debt % falls into.

Hangzhou Minsheng Healthcare Co Effective Interest Rate on Debt % Calculation

Hangzhou Minsheng Healthcare 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 * -0.107	/	( (3.053	+	2.13)	/ 2 )
=	-1 * -0.107	/	2.5915
=	4.13 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.069	+	0.984
=	3.053

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.085	+	1.045
=	2.13

Hangzhou Minsheng Healthcare 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 * -0.172	/	( (2.13	+	1.888)	/ 2 )
=	-1 * -0.172	/	2.009
=	8.56 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.085	+	1.045
=	2.13

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.843	+	1.045
=	1.888

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.

Hangzhou Minsheng Healthcare Co (SZSE:301507) Effective Interest Rate on Debt % Explanation

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

Hangzhou Minsheng Healthcare Co Effective Interest Rate on Debt % Related Terms

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Hangzhou Minsheng Healthcare Co (SZSE:301507) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hangzhou Minsheng Healthcare Co Ltd (SZSE:301507) » Definitions » Effective Interest Rate on Debt %

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Address

No. 101, Xintian Road, Donghu Street, Linping, Zhejiang, Hangzhou, CHN, 311100

Website

http://www.21vita.com

Hangzhou Minsheng Healthcare Co Ltd focuses on the field of vitamin and mineral supplements and is a high-tech enterprise integrating research and development, production and sales of vitamin and mineral over-the-counter drugs and health food. The company's current main product is 21 Golden Vita multi-dimensional element tablets (21).

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