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China Anchu Energy Storage Group (HKSE:02399) Effective Interest Rate on Debt % : 7.38% (As of Dec. 2023)


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What is China Anchu Energy Storage Group 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 Anchu Energy Storage Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$40.8 Mil. China Anchu Energy Storage Group's average total debt for the quarter that ended in Dec. 2023 was HK$553.1 Mil. Therefore, China Anchu Energy Storage Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.38%.

China Anchu Energy Storage Group Effective Interest Rate on Debt % Historical Data

The historical data trend for China Anchu Energy Storage Group'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 Anchu Energy Storage Group Effective Interest Rate on Debt % Chart

China Anchu Energy Storage Group 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 5.51 6.95 5.99 5.97 7.24

China Anchu Energy Storage Group 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 5.93 5.31 6.69 6.38 7.38

Competitive Comparison of China Anchu Energy Storage Group's Effective Interest Rate on Debt %

For the Apparel Manufacturing subindustry, China Anchu Energy Storage Group'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 Anchu Energy Storage Group's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Anchu Energy Storage Group's Effective Interest Rate on Debt % distribution charts can be found below:

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


China Anchu Energy Storage Group Effective Interest Rate on Debt % Calculation

China Anchu Energy Storage Group'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  *  -39.223/( (578.174+504.866)/ 2 )
=-1  *  -39.223/541.52
=7.24 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=82.455 + 495.719
=578.174

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=29.757 + 475.109
=504.866

China Anchu Energy Storage Group'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  *  -40.816/( (601.367+504.866)/ 2 )
=-1  *  -40.816/553.1165
=7.38 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=45.455 + 555.912
=601.367

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=29.757 + 475.109
=504.866

* 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 Anchu Energy Storage Group  (HKSE:02399) Effective Interest Rate on Debt % Explanation

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

China Anchu Energy Storage Group Effective Interest Rate on Debt % Related Terms

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China Anchu Energy Storage Group (HKSE:02399) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Anchu Energy Storage Group Ltd (HKSE:02399) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:00533 HKSE:01982 HKSE:03818 HKSE:08107 HKSE:01425 HKSE:03398 HKSE:02011 HKSE:02298 HKSE:01906 HKSE:01346 OSTO:HM B MIL:MONC RL VFC WAR:LPP LEVI BOM:532827 TSX:GIL SHSE:600398 PVH
Traded in Other Exchanges
N/A
Address
Fordoo Industrial Zone E12, Xunmei Industrial Zone, Fengze District, Fujian Province, Quanzhou, CHN
Website
https://www.fordoo.cn
China Anchu Energy Storage Group Ltd formerly China Fordoo Holdings Ltd is engaged in the sales of menswear apparel and brand licensing. It is also involved in the sales of industrial products to customers located in Saudi Arabia. The segments of the group are Menswear Apparel and Industrial Products. In the Menswear apparel division, the company offers Men's trousers, Men's tops and Accessories. The principal place of the group's operation is in PRC.
Executives
Wang Xiu Hua 2101 Beneficial owner
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Kwok Kin Sun 2201 Interest of corporation controlled by you
Wong Tung Yam 2201 Interest of corporation controlled by you
Donghai International Financial Holdings Company Limited 2106 Person having a security interest in shares
Cheng Cong 2201 Interest of corporation controlled by you
Dong Hai Zheng Quan Gu Fen You Xian Gong Si 2106 Person having a security interest in shares
Jpmorgan Chase & Co.
Equal Plus Limited 2101 Beneficial owner
Kwok Hon Fung 2201 Interest of corporation controlled by you
Asia Glory International Development Limited 2101 Beneficial owner
Chen Huiru 2201 Interest of corporation controlled by you
True Faith Ventures Limited 2101 Beneficial owner
Lu Ke 2101 Beneficial owner

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