Jiangsufety Group Co (SHSE:603028) Effective Interest Rate on Debt % : 2.47% (As of Mar. 2024)

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What is Jiangsufety Group 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. Jiangsufety Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥15 Mil. Jiangsufety Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥624 Mil. Therefore, Jiangsufety Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.47%.

Jiangsufety Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Jiangsufety Group 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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Jiangsufety Group Co Effective Interest Rate on Debt % Chart

Jiangsufety Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.24

2.78

4.59

4.01

3.82

Jiangsufety Group 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															3.79	3.65	3.82	1.94	2.47

Competitive Comparison of Jiangsufety Group Co's Effective Interest Rate on Debt %

For the Steel subindustry, Jiangsufety Group 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.

Jiangsufety Group Co's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jiangsufety Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Jiangsufety Group Co's Effective Interest Rate on Debt % falls into.

Jiangsufety Group Co Effective Interest Rate on Debt % Calculation

Jiangsufety Group 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 * -14.249	/	( (281.971	+	463.758)	/ 2 )
=	-1 * -14.249	/	372.8645
=	3.82 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	39.378	+	242.593
=	281.971

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50.905	+	412.853
=	463.758

Jiangsufety Group 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 * -15.412	/	( (463.758	+	785.194)	/ 2 )
=	-1 * -15.412	/	624.476
=	2.47 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50.905	+	412.853
=	463.758

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	347.364	+	437.83
=	785.194

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.

Jiangsufety Group Co (SHSE:603028) Effective Interest Rate on Debt % Explanation

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

Jiangsufety Group Co Effective Interest Rate on Debt % Related Terms

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Jiangsufety Group Co (SHSE:603028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Safety Group Co Ltd (SHSE:603028) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 151, Furong Zhongsan Road, XiShan Economic Development Zone, Jiangsu, Wuxi, CHN, 214192

Website

http://www.jf-safety.com

Jiangsu Safety Wire Rope Co Ltd develops and manufactures elevator ropes for customers with different requirements and needs. Its products include wire rope for elevators, lifting Wire rope, steel wire rope, synthetic fiber sling belt rigging, and accessories. Its products are used in elevators, construction machinery, Hong Kong Port terminal, coal mine, marine engineering, shipbuilding, ocean fishing, logistics, and warehousing.

Executives

Shen Sheng Quan	Director
Cui Zi Feng	Director
Zhao Zu Yin	senior management
Deng Wei	Director
Lin Zhu Ying	Director
Yang Yue Min	Director
Liu Hong Gang	Director
Bai Shu Qing	Director
Hu Wen Lin	Director
Wu Hai Feng	Director
Cui Zhi Qiang	Director

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