CN Energy Group (CN Energy Group) Effective Interest Rate on Debt % : 11.36% (As of Sep. 2023)

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What is CN Energy Group 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. CN Energy Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.88 Mil. CN Energy Group's average total debt for the quarter that ended in Sep. 2023 was $7.71 Mil. Therefore, CN Energy Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 11.36%.

CN Energy Group Effective Interest Rate on Debt % Historical Data

The historical data trend for CN Energy Group'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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CN Energy Group Effective Interest Rate on Debt % Chart

CN Energy Group Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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2.53

2.76

5.42

12.39

CN Energy Group Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						-5.92	7.15	5.34	8.92	11.36

Competitive Comparison of CN Energy Group's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, CN Energy Group'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.

CN Energy Group's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

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

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

CN Energy Group Effective Interest Rate on Debt % Calculation

CN Energy Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.712	/	( (4.201	+	7.288)	/ 2 )
=	-1 * -0.712	/	5.7445
=	12.39 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.437	+	3.764
=	4.201

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.034	+	7.254
=	7.288

CN Energy Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.876	/	( (8.136	+	7.288)	/ 2 )
=	-1 * -0.876	/	7.712
=	11.36 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.804	+	4.332
=	8.136

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.034	+	7.254
=	7.288

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 two times the semi-annual (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

CN Energy Group (NAS:CNEY) Effective Interest Rate on Debt % Explanation

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

CN Energy Group Effective Interest Rate on Debt % Related Terms

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CN Energy Group (CN Energy Group) Business Description

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Address

No. 268 Shiniu Road, Building 2-B, Room 206, Liandu District, Zhejiang Province, Lishui, CHN

Website

https://www.ir.cneny.com

CN Energy Group Inc along with its subsidiaries is a manufacturer and supplier of wood-based activated carbon that is used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production and a producer of biomass electricity generated in the process of producing activated carbon. The firm generates a majority of its revenue from Activated carbon.