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China Huarong Energy Co (HKSE:01101) Effective Interest Rate on Debt % : 4.07% (As of Dec. 2023)


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What is China Huarong 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. China Huarong Energy Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$177.64 Mil. China Huarong Energy Co's average total debt for the quarter that ended in Dec. 2023 was HK$4,364.32 Mil. Therefore, China Huarong Energy Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.07%.

China Huarong Energy Co Effective Interest Rate on Debt % Historical Data

The historical data trend for China Huarong 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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China Huarong Energy Co Effective Interest Rate on Debt % Chart

China Huarong 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 8.24 6.13 5.85 5.28 5.59

China Huarong Energy Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 6.00 6.02 4.74 6.95 4.07

Competitive Comparison of China Huarong Energy Co's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, China Huarong 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.

China Huarong Energy Co's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Huarong Energy Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


China Huarong Energy Co Effective Interest Rate on Debt % Calculation

China Huarong 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  *  -239.984/( (4276.768+4303.709)/ 2 )
=-1  *  -239.984/4290.2385
=5.59 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2563.402 + 1713.366
=4276.768

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2445.486 + 1858.223
=4303.709

China Huarong 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: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -177.638/( (4424.934+4303.709)/ 2 )
=-1  *  -177.638/4364.3215
=4.07 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2669.973 + 1754.961
=4424.934

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2445.486 + 1858.223
=4303.709

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

China Huarong Energy Co  (HKSE:01101) Effective Interest Rate on Debt % Explanation

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

China Huarong Energy Co Effective Interest Rate on Debt % Related Terms

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China Huarong Energy Co (HKSE:01101) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Huarong Energy Co Ltd (HKSE:01101) » Definitions » Effective Interest Rate on Debt %
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HKSE:03395 HKSE:02012 HKSE:00632 COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN FANG CTRA BKK:PTTEP TSE:1605 TSX:TOU OSL:AKRBP EQT
Traded in Other Exchanges
XYTA:Germany
Address
6-8 Harbour Road, Suites 1508-10, 15th Floor, Shui On Centre, Wanchai, Hong Kong, HKG
Website
http://www.huarongenergy.com.hk
China Huarong Energy Co Ltd is a company principally engaged in the business of energy exploration and production focusing on oil and gas-related customers and markets. Its only segment is Energy Exploration and Production which is engaged in the sales of crude oil. The company projects include approximately four oilfields located in the Fergana Valley of the Republic of Kyrgyzstan. Geographically, it derives revenue from Kyrgyzstan.
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