CGN Power Co (HKSE:01816) Effective Interest Rate on Debt % : 2.88% (As of Mar. 2024)

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What is CGN Power 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. CGN Power Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was HK$6,115 Mil. CGN Power Co's average total debt for the quarter that ended in Mar. 2024 was HK$212,340 Mil. Therefore, CGN Power Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.88%.

CGN Power Co Effective Interest Rate on Debt % Historical Data

The historical data trend for CGN Power 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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CGN Power Co Effective Interest Rate on Debt % Chart

CGN Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.47

3.72

3.28

2.81

2.59

CGN Power Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.69	2.57	3.01	-	2.88

Competitive Comparison of CGN Power Co's Effective Interest Rate on Debt %

For the Utilities - Independent Power Producers subindustry, CGN Power 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.

CGN Power Co's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, CGN Power Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where CGN Power Co's Effective Interest Rate on Debt % falls into.

CGN Power Co Effective Interest Rate on Debt % Calculation

CGN Power 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 * -5927.057	/	( (230516.359	+	226726.901)	/ 2 )
=	-1 * -5927.057	/	228621.63
=	2.59 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	184501.716	+	46014.643
=	230516.359

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	177463.927	+	49262.974
=	226726.901

CGN Power 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 * -6115.288	/	( (226726.901	+	197953.389)	/ 2 )
=	-1 * -6115.288	/	212340.145
=	2.88 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	177463.927	+	49262.974
=	226726.901

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	173011.394	+	24941.995
=	197953.389

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.

CGN Power Co (HKSE:01816) Effective Interest Rate on Debt % Explanation

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

CGN Power Co Effective Interest Rate on Debt % Related Terms

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CGN Power Co (HKSE:01816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CGN Power Co Ltd (HKSE:01816) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

94C:Germany 003816:China

Address

No. 2002 Shennan Road, 18th Floor, South Tower, CGN Building, Futian District, Guangdong Province, Shenzhen, CHN, 518026

Website

http://www.cgnp.com.cn

CGN Power is a major nuclear power producer in China. It operates 26 nuclear power generating units (total installed capacity of 29.4 gigawatts), with 14 units in Guangdong and the rest in Guangxi, Fujian, and Liaoning provinces as of end-2022. CGN is adding capacity of 8.4 gigawatts into its operations over the next five years. State-owned China General Nuclear Power, controls about 58.9% of CGN Power.

Executives

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Zhong Guo Ren Shou Bao Xian Ji Tuan Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner
Zhong Guo Guang He Ji Tuan You Xian Gong Si	2101 Beneficial owner

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