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China Zheshang Bank Co (HKSE:02016) Effective Interest Rate on Debt % : 16.17% (As of Mar. 2024)


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What is China Zheshang Bank 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 Zheshang Bank Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was HK$74,047 Mil. China Zheshang Bank Co's average total debt for the quarter that ended in Mar. 2024 was HK$458,008 Mil. Therefore, China Zheshang Bank Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 16.17%.


China Zheshang Bank Co Effective Interest Rate on Debt % Historical Data

The historical data trend for China Zheshang Bank 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 Zheshang Bank Co Effective Interest Rate on Debt % Chart

China Zheshang Bank 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 19.71 22.43 18.31 16.17 17.13

China Zheshang Bank 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 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 18.59 18.18 18.16 17.53 16.17

Competitive Comparison of China Zheshang Bank Co's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, China Zheshang Bank 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 Zheshang Bank Co's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, China Zheshang Bank Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



China Zheshang Bank Co Effective Interest Rate on Debt % Calculation

China Zheshang Bank 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  *  -68607.281/( (364440.965+436631.062)/ 2 )
=-1  *  -68607.281/400536.0135
=17.13 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=364440.965 + 0
=364440.965

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=436631.062 + 0
=436631.062

China Zheshang Bank 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  *  -74046.652/( (436631.062+479384.836)/ 2 )
=-1  *  -74046.652/458007.949
=16.17 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=436631.062 + 0
=436631.062

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=479384.836 + 0
=479384.836

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


China Zheshang Bank Co  (HKSE:02016) Effective Interest Rate on Debt % Explanation

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


China Zheshang Bank Co Effective Interest Rate on Debt % Related Terms

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China Zheshang Bank Co (HKSE:02016) Business Description

Traded in Other Exchanges
Address
No. 288, Qingchun Road, Xiacheng District, Zhejiang, Hangzhou, CHN, 310006
China Zheshang Bank Co Ltd provides corporate and personal deposits, loans and advances, clearing and settlement services, treasury business, and other banking services as approved by the CBIRC. The company's business segments include Corporate banking; Retail banking; Treasury operations and other business. It generates maximum revenue from the Corporate banking segment. The corporate banking segment covers the provision of financial products and services to corporations, government agencies, and other institutions. The products and services include corporate loans and advances, trade financing, deposit products, and various types of corporate intermediary services, etc.
Executives
Xin Tai Ren Shou Bao Xian Gu Fen You Xian Gong Si 2101 Beneficial owner
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Zheneng Capital Investment (hong Kong) Limited 2101 Beneficial owner

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