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China Merchants Energy Shipping Co (SHSE:601872) Effective Interest Rate on Debt % : 5.75% (As of Mar. 2024)


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What is China Merchants Energy Shipping 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. China Merchants Energy Shipping Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥1,141 Mil. China Merchants Energy Shipping Co's average total debt for the quarter that ended in Mar. 2024 was ¥19,834 Mil. Therefore, China Merchants Energy Shipping Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.75%.


China Merchants Energy Shipping Co Effective Interest Rate on Debt % Historical Data

The historical data trend for China Merchants Energy Shipping 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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China Merchants Energy Shipping Co Effective Interest Rate on Debt % Chart

China Merchants Energy Shipping 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 4.11 2.40 2.01 3.10 5.35

China Merchants Energy Shipping 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 5.16 5.88 5.88 6.47 5.75

Competitive Comparison of China Merchants Energy Shipping Co's Effective Interest Rate on Debt %

For the Oil & Gas Midstream subindustry, China Merchants Energy Shipping 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.


China Merchants Energy Shipping Co's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Merchants Energy Shipping Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Merchants Energy Shipping Co's Effective Interest Rate on Debt % falls into.



China Merchants Energy Shipping Co Effective Interest Rate on Debt % Calculation

China Merchants Energy Shipping 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  *  -1275.993/( (27464.659+20259.402)/ 2 )
=-1  *  -1275.993/23862.0305
=5.35 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=22607.76 + 4856.899
=27464.659

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12352.118 + 7907.284
=20259.402

China Merchants Energy Shipping 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  *  -1141.02/( (20259.402+19409.087)/ 2 )
=-1  *  -1141.02/19834.2445
=5.75 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12352.118 + 7907.284
=20259.402

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12170.15 + 7238.937
=19409.087

* 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.


China Merchants Energy Shipping Co  (SHSE:601872) Effective Interest Rate on Debt % Explanation

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


China Merchants Energy Shipping Co Effective Interest Rate on Debt % Related Terms

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China Merchants Energy Shipping Co (SHSE:601872) Business Description

Traded in Other Exchanges
N/A
Address
No. 9 Zhongshan East 1st Road, Shanghai, Shanghai, CHN, 200002
China Merchants Energy Shipping Co Ltd is a China-based company engages in the tanker transportation, bulk cargo vessel transportation and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries.
Executives
Hu Bin senior management
Deng Wei Dong Director
Wang Yong Xin Directors, senior managers
Xu Hui senior management
Kong Kang senior management
Yan Wu Shan senior management
Su Xin Gang Director
Ding Lei senior management
Xie Chun Lin Director
Song De Xing Director
Lv Sheng Zhou Director

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