Baoshan Iron & Steel Co (SHSE:600019) Effective Interest Rate on Debt % : 2.72% (As of Mar. 2024)

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What is Baoshan Iron & Steel 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. Baoshan Iron & Steel Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥1,390 Mil. Baoshan Iron & Steel Co's average total debt for the quarter that ended in Mar. 2024 was ¥51,172 Mil. Therefore, Baoshan Iron & Steel Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.72%.

Baoshan Iron & Steel Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Baoshan Iron & Steel 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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Baoshan Iron & Steel Co Effective Interest Rate on Debt % Chart

Baoshan Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.01

5.02

4.09

3.26

2.95

Baoshan Iron & Steel Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.63	2.89	2.76	2.99	2.72

Competitive Comparison of Baoshan Iron & Steel Co's Effective Interest Rate on Debt %

For the Steel subindustry, Baoshan Iron & Steel 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.

Baoshan Iron & Steel Co's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Baoshan Iron & Steel Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Baoshan Iron & Steel Co's Effective Interest Rate on Debt % falls into.

Baoshan Iron & Steel Co Effective Interest Rate on Debt % Calculation

Baoshan Iron & Steel 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 * -1455.536	/	( (47729.565	+	50860.917)	/ 2 )
=	-1 * -1455.536	/	49295.241
=	2.95 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32320.631	+	15408.934
=	47729.565

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37141.658	+	13719.259
=	50860.917

Baoshan Iron & Steel 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 * -1389.56	/	( (50860.917	+	51483.502)	/ 2 )
=	-1 * -1389.56	/	51172.2095
=	2.72 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37141.658	+	13719.259
=	50860.917

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38418.985	+	13064.517
=	51483.502

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.

Baoshan Iron & Steel Co (SHSE:600019) Effective Interest Rate on Debt % Explanation

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

Baoshan Iron & Steel Co Effective Interest Rate on Debt % Related Terms

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Baoshan Iron & Steel Co (SHSE:600019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Baoshan Iron & Steel Co Ltd (SHSE:600019) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 885 Fujin Road, Baosteel Command Center, Baoshan District, Shanghai, CHN, 201900

Website

http://www.baosteel.com

Baosteel is the listed entity of the largest steel group in China. Its steel businesses--which include steel manufacturing, processing, and distribution--account for roughly 95% of its revenue. The remainder consists of information technology, chemical, finance, and e-commerce activities. The firm focuses on flat steel and commands more than 50% of the domestic China cold-rolled automotive sheet market, roughly 80% of the China grain-oriented electrical steel market, and a third of the non-oriented electrical steel market.

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