Jiangsu Bide Science And Technology Co (SHSE:605298) Effective Interest Rate on Debt % : 3.30% (As of Mar. 2024)

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What is Jiangsu Bide Science And 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. Jiangsu Bide Science And Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥1.5 Mil. Jiangsu Bide Science And Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥46.6 Mil. Therefore, Jiangsu Bide Science And Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.30%.

Jiangsu Bide Science And Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Jiangsu Bide Science And 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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Jiangsu Bide Science And Technology Co Effective Interest Rate on Debt % Chart

Jiangsu Bide Science And Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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76.80

5.45

-417.86

4.66

2.98

Jiangsu Bide Science And Technology Co Quarterly Data
	Dec17	Dec18	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															-	143.14	2.13	5.90	3.30

Competitive Comparison of Jiangsu Bide Science And Technology Co's Effective Interest Rate on Debt %

For the Railroads subindustry, Jiangsu Bide Science And 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.

Jiangsu Bide Science And Technology Co's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jiangsu Bide Science And Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Jiangsu Bide Science And Technology Co's Effective Interest Rate on Debt % falls into.

Jiangsu Bide Science And Technology Co Effective Interest Rate on Debt % Calculation

Jiangsu Bide Science And 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 * -0.846	/	( (14.897	+	41.879)	/ 2 )
=	-1 * -0.846	/	28.388
=	2.98 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.532	+	6.365
=	14.897

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.649	+	35.23
=	41.879

Jiangsu Bide Science And 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 * -1.536	/	( (41.879	+	51.222)	/ 2 )
=	-1 * -1.536	/	46.5505
=	3.30 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.649	+	35.23
=	41.879

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.715	+	41.507
=	51.222

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.

Jiangsu Bide Science And Technology Co (SHSE:605298) Effective Interest Rate on Debt % Explanation

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

Jiangsu Bide Science And Technology Co Effective Interest Rate on Debt % Related Terms

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Jiangsu Bide Science And Technology Co (SHSE:605298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jiangsu Bide Science And Technology Co Ltd (SHSE:605298) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27, Yuexiang Road, Yuecheng Town, Jiangsu Province, Jiangyin City, CHN, 214404

Website

http://www.bidekeji.com

Jiangsu Bide Science Shares Co Ltd is engaged in the research and development, production and sales of railway passenger car and vehicle accessories. The company's products mainly include accessories such as cable protection, air conditioning, ventilation, and sand-spreading devices for motor vehicle. The product application range covers high-speed EMUs, urban rail subways, railway passenger cars, special vehicles and others.

Executives

Liu Ying	Director
Tang Shuang Xi	Directors, senior managers

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