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LONGi Green Energy Technology Co (SHSE:601012) Effective Interest Rate on Debt % : 3.33% (As of Mar. 2024)


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What is LONGi Green Energy 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. LONGi Green Energy Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥753 Mil. LONGi Green Energy Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥22,583 Mil. Therefore, LONGi Green Energy Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.33%.


LONGi Green Energy Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for LONGi Green Energy 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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LONGi Green Energy Technology Co Effective Interest Rate on Debt % Chart

LONGi Green Energy 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 6.70 3.95 3.19 4.34 3.20

LONGi Green Energy Technology 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 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 3.50 3.47 3.58 3.58 3.33

Competitive Comparison of LONGi Green Energy Technology Co's Effective Interest Rate on Debt %

For the Semiconductor Equipment & Materials subindustry, LONGi Green Energy 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.


LONGi Green Energy Technology Co's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

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



LONGi Green Energy Technology Co Effective Interest Rate on Debt % Calculation

LONGi Green Energy 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  *  -515.87/( (13172.28+19036.484)/ 2 )
=-1  *  -515.87/16104.382
=3.20 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12414.308 + 757.972
=13172.28

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17534.388 + 1502.096
=19036.484

LONGi Green Energy Technology 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  *  -752.872/( (19036.484+26129.725)/ 2 )
=-1  *  -752.872/22583.1045
=3.33 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17534.388 + 1502.096
=19036.484

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24483.144 + 1646.581
=26129.725

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


LONGi Green Energy Technology Co  (SHSE:601012) Effective Interest Rate on Debt % Explanation

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


LONGi Green Energy Technology Co Effective Interest Rate on Debt % Related Terms

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LONGi Green Energy Technology Co (SHSE:601012) Business Description

Traded in Other Exchanges
N/A
Address
Innovation Incubation Center Block B, Shangji Road 8989 Xi'an Service Outsourcing Industrial Park, Xi'an Economic and Technological Development Zone, Xian, CHN, 710018
LONGi Green Energy Technology is the largest integrated solar company in the world. It produced 85.9 gigawatts of solar silicon wafers and 48.2 GW of solar modules in 2022, both the most globally. Solar silicon wafer and solar module contributed 30% and 66% of revenue in 2022, respectively. LONGi's production bases are mostly in China. LONGi's products are sold in more than 150 countries and regions.
Executives
Zhong Bao Shen Director
Tian Ye Director
Liu Xue Wen Director
Bai Zhong Xue Director
Liu Xiao Dong senior management
Li Zhen Guo Director
Qin Yong Bo Supervisors
Xu Da Peng Director
Zou Zong Hai Director
Li Chun An Director
Wang Xiao Zhe senior management
Huang Li Xin senior management
Dai Su Supervisors
Hu Zhong Xiang Director
Zhang Yi Tao senior management

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