China Spacesat Co (SHSE:600118) Effective Interest Rate on Debt % : 2.85% (As of Mar. 2024)

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What is China Spacesat 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 Spacesat Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥16 Mil. China Spacesat Co's average total debt for the quarter that ended in Mar. 2024 was ¥556 Mil. Therefore, China Spacesat Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.85%.

China Spacesat Co Effective Interest Rate on Debt % Historical Data

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

China Spacesat Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.58

1.16

4.18

2.30

3.67

China Spacesat 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															3.13	3.83	3.28	5.30	2.85

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

For the Aerospace & Defense subindustry, China Spacesat 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 Spacesat Co's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, China Spacesat Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

China Spacesat Co Effective Interest Rate on Debt % Calculation

China Spacesat 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 * -21.589	/	( (604.13	+	572.608)	/ 2 )
=	-1 * -21.589	/	588.369
=	3.67 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	217.695	+	386.435
=	604.13

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	217.085	+	355.523
=	572.608

China Spacesat 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 * -15.844	/	( (572.608	+	539.814)	/ 2 )
=	-1 * -15.844	/	556.211
=	2.85 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	217.085	+	355.523
=	572.608

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	217.316	+	322.498
=	539.814

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 Spacesat Co (SHSE:600118) Effective Interest Rate on Debt % Explanation

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

China Spacesat Co Effective Interest Rate on Debt % Related Terms

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China Spacesat Co (SHSE:600118) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » China Spacesat Co Ltd (SHSE:600118) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

No. 31 Zhongguancun South Street, Shenzhou Tower, 12F, Haidian District, Beijing, Beijing, CHN, 100081

Website

http://www.spacesat.com.cn

China Spacesat Co Ltd is a China-based company engages in the development of small satellites, satellite ground systems, and related equipment. Its products offer aerospace system integration, large-scale ground station systems integration, satellite communications applications, satellite navigation applications and information transmission. The company operates its business in North China, northwest of China and South China.

Executives

Yan Zhong Wen	Director
Wang Li	senior management
Wan Yin Juan	senior management

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