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Fujian Qingshan Paper Industry Co (SHSE:600103) Effective Interest Rate on Debt % : 2.48% (As of Mar. 2024)


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What is Fujian Qingshan Paper Industry 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. Fujian Qingshan Paper Industry Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥23 Mil. Fujian Qingshan Paper Industry Co's average total debt for the quarter that ended in Mar. 2024 was ¥926 Mil. Therefore, Fujian Qingshan Paper Industry Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.48%.


Fujian Qingshan Paper Industry Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Fujian Qingshan Paper Industry 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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Fujian Qingshan Paper Industry Co Effective Interest Rate on Debt % Chart

Fujian Qingshan Paper Industry 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 4.13 3.61 3.76 2.87 2.45

Fujian Qingshan Paper Industry 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 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 2.74 2.87 2.22 2.70 2.48

Competitive Comparison of Fujian Qingshan Paper Industry Co's Effective Interest Rate on Debt %

For the Paper & Paper Products subindustry, Fujian Qingshan Paper Industry 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.


Fujian Qingshan Paper Industry Co's Effective Interest Rate on Debt % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Fujian Qingshan Paper Industry Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Fujian Qingshan Paper Industry Co's Effective Interest Rate on Debt % falls into.



Fujian Qingshan Paper Industry Co Effective Interest Rate on Debt % Calculation

Fujian Qingshan Paper Industry 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  *  -18.517/( (598.43+910.846)/ 2 )
=-1  *  -18.517/754.638
=2.45 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=143.683 + 454.747
=598.43

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=35.963 + 874.883
=910.846

Fujian Qingshan Paper Industry 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  *  -22.968/( (910.846+940.469)/ 2 )
=-1  *  -22.968/925.6575
=2.48 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=35.963 + 874.883
=910.846

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=35.172 + 905.297
=940.469

* 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.


Fujian Qingshan Paper Industry Co  (SHSE:600103) Effective Interest Rate on Debt % Explanation

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


Fujian Qingshan Paper Industry Co Effective Interest Rate on Debt % Related Terms

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Fujian Qingshan Paper Industry Co (SHSE:600103) Business Description

Traded in Other Exchanges
N/A
Address
Junzhu Road, Mawei Economic and Technology Development Zone, Fuzhou, Fujian, CHN, 365506
Fujian Qingshan Paper Industry Co Ltd is a China-based company engaged in the production and sales of paper products. Its principal products cover paper bags, pulp board, paperboard and corrugated paper products, paper products, optoelectronic products and forest products. The company distributes its products in domestic and overseas markets.
Executives
Yu Zong Yuan Directors, senior managers
Lin Xiao He Director
Pan Qi Xing senior management
Ye Yu Director
Yu Jian Ming senior management
Liang Ming Fu senior management
Lin Yan Rong Director
Liu Jie Director
Zhou Mu Sheng senior management
Huang Feng Shi senior management
Wu Bing Wen senior management

Fujian Qingshan Paper Industry Co (SHSE:600103) Headlines

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