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CIMC Vehicles (Group) Co (HKSE:01839) Effective Interest Rate on Debt % : 3.79% (As of Dec. 2023)


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What is CIMC Vehicles (Group) 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. CIMC Vehicles (Group) Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$66 Mil. CIMC Vehicles (Group) Co's average total debt for the quarter that ended in Dec. 2023 was HK$1,754 Mil. Therefore, CIMC Vehicles (Group) Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.79%.


CIMC Vehicles (Group) Co Effective Interest Rate on Debt % Historical Data

The historical data trend for CIMC Vehicles (Group) 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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CIMC Vehicles (Group) Co Effective Interest Rate on Debt % Chart

CIMC Vehicles (Group) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 6.46 3.47 2.37 2.47 2.48

CIMC Vehicles (Group) Co Quarterly Data
Dec16 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 4.97 - 1.53 3.79 1.76

Competitive Comparison of CIMC Vehicles (Group) Co's Effective Interest Rate on Debt %

For the Farm & Heavy Construction Machinery subindustry, CIMC Vehicles (Group) 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.


CIMC Vehicles (Group) Co's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, CIMC Vehicles (Group) Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where CIMC Vehicles (Group) Co's Effective Interest Rate on Debt % falls into.



CIMC Vehicles (Group) Co Effective Interest Rate on Debt % Calculation

CIMC Vehicles (Group) 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  *  -47.49/( (2073.128+1753.969)/ 2 )
=-1  *  -47.49/1913.5485
=2.48 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=580.465 + 1492.663
=2073.128

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=498.156 + 1255.813
=1753.969

CIMC Vehicles (Group) 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  *  -66.48/( (1753.739+1753.969)/ 2 )
=-1  *  -66.48/1753.854
=3.79 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=566.47 + 1187.269
=1753.739

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=498.156 + 1255.813
=1753.969

* 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.


CIMC Vehicles (Group) Co  (HKSE:01839) Effective Interest Rate on Debt % Explanation

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


CIMC Vehicles (Group) Co Effective Interest Rate on Debt % Related Terms

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CIMC Vehicles (Group) Co (HKSE:01839) Business Description

Traded in Other Exchanges
Address
No. 2 Gangwan Avenue, Shekou Industrial Zone, Nanshan District, Guangdong, Shenzhen, CHN, 518067
CIMC Vehicles (Group) Co Ltd is engaged in the manufacturing and sale of semi-trailers and truck bodies for specialty vehicles. The semi-trailers mainly include the following product lines, Container chassis trailers, Flatbed trailers & relevant derivative types, Curtain-side trailers, Van trailers, Refrigerated trailers, Tank trailers, and other special types of trailers. The truck body products include dump beds for dump trucks, mixers for mixer trucks, and a wide range of other truck bodies for specialty vehicles. Geographically, it operates in China, North America, Europe, and Other regions, out of which the majority is from China.
Executives
Citigroup Inc. 2502 Approved lending agent
Gic Private Limited 2102 Investment manager
China International Marine Containers (hong Kong) Limited 2101 Beneficial owner
Zhong Guo Guo Ji Hai Yun Ji Zhuang Xiang Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Wang Xicheng 2201 Interest of corporation controlled by you
Shan Dong Ling Long Lun Tai Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Ling Long Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Xiang Gang Tian Cheng Tou Zi Mao Yi You Xian Gong Si 2101 Beneficial owner

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