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Zhuzhou CRRC Times Electric Co (HKSE:03898) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)


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What is Zhuzhou CRRC Times Electric 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. Zhuzhou CRRC Times Electric Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$0 Mil. Zhuzhou CRRC Times Electric Co's average total debt for the quarter that ended in Dec. 2023 was HK$5,844 Mil. Therefore, Zhuzhou CRRC Times Electric Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.


Zhuzhou CRRC Times Electric Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhuzhou CRRC Times Electric 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.

* Premium members only.

Zhuzhou CRRC Times Electric Co Effective Interest Rate on Debt % Chart

Zhuzhou CRRC Times Electric 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 0.92 0.65 0.95 0.72 1.08

Zhuzhou CRRC Times Electric Co Quarterly Data
Dec15 Jun16 Dec16 Jun17 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 Premium Member Only Premium Member Only Premium Member Only 0.94 - 1.30 - 4.89

Competitive Comparison of Zhuzhou CRRC Times Electric Co's Effective Interest Rate on Debt %

For the Railroads subindustry, Zhuzhou CRRC Times Electric 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.


Zhuzhou CRRC Times Electric Co's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Zhuzhou CRRC Times Electric Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zhuzhou CRRC Times Electric Co's Effective Interest Rate on Debt % falls into.



Zhuzhou CRRC Times Electric Co Effective Interest Rate on Debt % Calculation

Zhuzhou CRRC Times Electric 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  *  -51.612/( (3735.006+5843.998)/ 2 )
=-1  *  -51.612/4789.502
=1.08 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=232.35 + 3502.656
=3735.006

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=906.745 + 4937.253
=5843.998

Zhuzhou CRRC Times Electric 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  *  0/( (0+5843.998)/ 1 )
=-1  *  0/5843.998
=0.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=906.745 + 4937.253
=5843.998

* 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.


Zhuzhou CRRC Times Electric Co  (HKSE:03898) Effective Interest Rate on Debt % Explanation

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


Zhuzhou CRRC Times Electric Co Effective Interest Rate on Debt % Related Terms

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Zhuzhou CRRC Times Electric Co (HKSE:03898) Business Description

Traded in Other Exchanges
Address
No. 169 Times Road, Shifeng District, Hunan Province, Zhuzhou, CHN, 412001
Zhuzhou CRRC Times Electric Co Ltd is a China-based company mainly engaged in the research and development (R&D), design, manufacturing and sales of rail transit equipment products. The Company is also engaged in R&D, design, manufacturing and sales of emerging equipment. The rail transit equipment business mainly includes rail transit electrical equipment, such as traction converter system, information and intelligent system products, power supply system and test equipment, and rail engineering machinery and communication signal system. semiconductor devices, industrial converter products, electric drive systems of new energy vehicles, sensor devices and marine engineering equipment. The Company operates in the domestic market and overseas markets.
Executives
Citigroup Inc. 2502 Approved lending agent
Jpmorgan Chase & Co. 2502 Approved lending agent
Crrc Group Co., Ltd. 2201 Interest of corporation controlled by you
Zhong Guo Zhong Che Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Zhong Che Xiang Gang Zi Ben Guan Li You Xian Gong Si 2101 Beneficial owner
Blackrock, Inc. 2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co. 2502 Approved lending agent
Crrc Group Co., Ltd. 2201 Interest of corporation controlled by you
Vontobel Asset Management Ag 2102 Investment manager

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