Air China (SHSE:601111) Effective Interest Rate on Debt % : 3.08% (As of Mar. 2024)

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What is Air China 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. Air China's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥6,716 Mil. Air China's average total debt for the quarter that ended in Mar. 2024 was ¥217,788 Mil. Therefore, Air China's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.08%.

Air China Effective Interest Rate on Debt % Historical Data

The historical data trend for Air China'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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Air China Effective Interest Rate on Debt % Chart

Air China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.59

3.42

3.21

3.26

3.23

Air China 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															2.97	3.18	3.24	3.02	3.08

Competitive Comparison of Air China's Effective Interest Rate on Debt %

For the Airlines subindustry, Air China'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.

Air China's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air China's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Air China's Effective Interest Rate on Debt % falls into.

Air China Effective Interest Rate on Debt % Calculation

Air China'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 * -6943.087	/	( (214176.292	+	215615.864)	/ 2 )
=	-1 * -6943.087	/	214896.078
=	3.23 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	154959.463	+	59216.829
=	214176.292

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	154028.598	+	61587.266
=	215615.864

Air China'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 * -6716.296	/	( (215615.864	+	219959.517)	/ 2 )
=	-1 * -6716.296	/	217787.6905
=	3.08 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	154028.598	+	61587.266
=	215615.864

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	149689.085	+	70270.432
=	219959.517

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.

Air China (SHSE:601111) Effective Interest Rate on Debt % Explanation

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

Air China Effective Interest Rate on Debt % Related Terms

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Air China (SHSE:601111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air China Ltd (SHSE:601111) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

AIRYY:USA AICAF:USA 00753:Hong Kong AD2:Germany AD2:Austria

Address

30 Tianzhu Road, Airport Industrial Zone, Blue Sky Mansion, Shunyi District, Beijing, CHN, 101312

Website

http://www.airchina.com.cn

Air China is based in Beijing. It is one of the largest state-owned airlines and the flag carrier in China. The group operated a fleet of 762 aircraft as of 2022 and carried more than 115 million passengers in prepandemic 2019. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs such as Beijing, Chengdu, and Shanghai. The group's route network extends to over 187 destinations and 43 countries and regions.

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