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Beijing Jingneng Clean Energy Co (HKSE:00579) Effective Interest Rate on Debt % : 2.30% (As of Dec. 2023)


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What is Beijing Jingneng Clean Energy 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. Beijing Jingneng Clean Energy Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$1,153 Mil. Beijing Jingneng Clean Energy Co's average total debt for the quarter that ended in Dec. 2023 was HK$50,170 Mil. Therefore, Beijing Jingneng Clean Energy Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.30%.


Beijing Jingneng Clean Energy Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Beijing Jingneng Clean Energy 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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Beijing Jingneng Clean Energy Co Effective Interest Rate on Debt % Chart

Beijing Jingneng Clean Energy 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 4.10 3.47 3.26 3.02 2.52

Beijing Jingneng Clean Energy Co Quarterly Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 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 3.09 - 2.93 2.30 2.33

Competitive Comparison of Beijing Jingneng Clean Energy Co's Effective Interest Rate on Debt %

For the Utilities - Regulated Electric subindustry, Beijing Jingneng Clean Energy 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.


Beijing Jingneng Clean Energy Co's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Beijing Jingneng Clean Energy Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Beijing Jingneng Clean Energy Co's Effective Interest Rate on Debt % falls into.



Beijing Jingneng Clean Energy Co Effective Interest Rate on Debt % Calculation

Beijing Jingneng Clean Energy 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  *  -1360.007/( (52627.571+55507.385)/ 2 )
=-1  *  -1360.007/54067.478
=2.52 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30628.136 + 21999.435
=52627.571

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=39412.291 + 16095.094
=55507.385

Beijing Jingneng Clean Energy Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -1153.356/( (44833.121+55507.385)/ 2 )
=-1  *  -1153.356/50170.253
=2.30 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=38066.721 + 6766.4
=44833.121

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=39412.291 + 16095.094
=55507.385

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Beijing Jingneng Clean Energy Co  (HKSE:00579) Effective Interest Rate on Debt % Explanation

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


Beijing Jingneng Clean Energy Co Effective Interest Rate on Debt % Related Terms

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Beijing Jingneng Clean Energy Co (HKSE:00579) Business Description

Traded in Other Exchanges
Address
No. 6 Xibahe Road, 7/8/9 Floor, Chaoyang District, Beijing, CHN, 100028
Beijing Jingneng Clean Energy Co Ltd H is a subsidiary of the Beijing Energy Holding Company, a state-owned investment enterprise operating in China. The company produces electricity and heat energy from its gas-fired, wind, hydro, and solar power plants. Gas- and wind-powered facilities are responsible for most of this output. Beijing Jingneng Clean Energy generates nearly all of its revenue from the sale of electricity and heat energy resulting from its gas-fired power generation sites. The company is the largest gas-fired power supplier in Beijing and one of the largest wind power operators in China.
Executives
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
Zhong Guo Zai Bao Xian Ji Tuan Gu Fen You Xian Gong Si 2101 Beneficial owner
Beijing Energy Holding Co., Ltd 2201 Interest of corporation controlled by you
Beijing Energy Investment Holding (hong Kong) Co., Ltd. 2101 Beneficial owner

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