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Foshan Haitian Flavouring and Food Co (SHSE:603288) Effective Interest Rate on Debt % : 4.59% (As of Mar. 2024)


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What is Foshan Haitian Flavouring and Food 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. Foshan Haitian Flavouring and Food Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥27 Mil. Foshan Haitian Flavouring and Food Co's average total debt for the quarter that ended in Mar. 2024 was ¥594 Mil. Therefore, Foshan Haitian Flavouring and Food Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.59%.


Foshan Haitian Flavouring and Food Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Foshan Haitian Flavouring and Food 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.

* Premium members only.

Foshan Haitian Flavouring and Food Co Effective Interest Rate on Debt % Chart

Foshan Haitian Flavouring and Food 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 5.55 5.12 2.22 5.44 2.53

Foshan Haitian Flavouring and Food 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 3.94 2.38 4.24 0.31 4.59

Competitive Comparison of Foshan Haitian Flavouring and Food Co's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Foshan Haitian Flavouring and Food 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.


Foshan Haitian Flavouring and Food Co's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Foshan Haitian Flavouring and Food Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Foshan Haitian Flavouring and Food Co's Effective Interest Rate on Debt % falls into.



Foshan Haitian Flavouring and Food Co Effective Interest Rate on Debt % Calculation

Foshan Haitian Flavouring and Food 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  *  -9.736/( (275.385+494.446)/ 2 )
=-1  *  -9.736/384.9155
=2.53 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=123.399 + 151.986
=275.385

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=100.456 + 393.99
=494.446

Foshan Haitian Flavouring and Food 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  *  -27.268/( (494.446+693.344)/ 2 )
=-1  *  -27.268/593.895
=4.59 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=100.456 + 393.99
=494.446

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=97.142 + 596.202
=693.344

* 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.


Foshan Haitian Flavouring and Food Co  (SHSE:603288) Effective Interest Rate on Debt % Explanation

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


Foshan Haitian Flavouring and Food Co Effective Interest Rate on Debt % Related Terms

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Foshan Haitian Flavouring and Food Co (SHSE:603288) Business Description

Traded in Other Exchanges
N/A
Address
16 Wensha Road Foshan, Guangdong, CHN, 528000
Foshan Haitian Flavouring and Food Company was founded in 1955 through the consolidation of 25 condiment producers in Foshan. The company mainly manufactures soy sauces, oyster sauces, dipping sauces, and seasoning sauces. It is the leading condiment producer with a number one market share in soy sauces and oyster sauces in China.
Executives
Guan Jiang Hua Director
Liao Zhang Hui Director
Tong Xing Supervisors
Cheng Xue Director
Pang Kang Director
Huang Shu Liang Supervisors
Huang Wen Biao senior management
Chen Jun Yang Director
Zhang Xin senior management
Chen Min Supervisors
Wen Zhi Zhou Director
He Ting Wei Director
Wu Zhen Xing senior management
Zhang Yong Le senior management
Ye Yan Qiao Director

Foshan Haitian Flavouring and Food Co (SHSE:603288) Headlines

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