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Shanghai Construction Group Co (SHSE:600170) Effective Interest Rate on Debt % : 3.33% (As of Mar. 2024)


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What is Shanghai Construction Group 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. Shanghai Construction Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥2,904 Mil. Shanghai Construction Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥87,109 Mil. Therefore, Shanghai Construction Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.33%.


Shanghai Construction Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shanghai Construction Group 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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Shanghai Construction Group Co Effective Interest Rate on Debt % Chart

Shanghai Construction Group 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 4.11 3.27 3.73 4.13 -0.49

Shanghai Construction Group 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 3.55 3.22 3.76 -12.60 3.33

Competitive Comparison of Shanghai Construction Group Co's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Shanghai Construction Group 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.


Shanghai Construction Group Co's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shanghai Construction Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shanghai Construction Group Co's Effective Interest Rate on Debt % falls into.



Shanghai Construction Group Co Effective Interest Rate on Debt % Calculation

Shanghai Construction Group 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  *  422.518/( (86865.069+85417.108)/ 2 )
=-1  *  422.518/86141.0885
=-0.49 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=65193.663 + 21671.406
=86865.069

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=64498.779 + 20918.329
=85417.108

Shanghai Construction Group 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  *  -2903.896/( (85417.108+88800.704)/ 2 )
=-1  *  -2903.896/87108.906
=3.33 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=64498.779 + 20918.329
=85417.108

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=66685.313 + 22115.391
=88800.704

* 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.


Shanghai Construction Group Co  (SHSE:600170) Effective Interest Rate on Debt % Explanation

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


Shanghai Construction Group Co Effective Interest Rate on Debt % Related Terms

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Shanghai Construction Group Co (SHSE:600170) Business Description

Traded in Other Exchanges
N/A
Address
No.666, Daming Road (E), Shanghai, CHN, 200080
Shanghai Construction Group Co Ltd is a China-based company engaged in the construction, design and project consultation. The company possesses core technologies in the construction of highrise buildings, large bridges, light railways, public culture and sports facilities, large industrial plants, major environment protection projects and others.
Executives
Zhou Jun senior management
Yin Ke Ding senior management
Lu Feng senior management
Wang Zhi Gang senior management
Chen Xiao Ming senior management
Xue Yong Shen senior management
Ye Wei Dong Directors, senior managers
Cai Guo Qiang senior management
Xu Jian Dong senior management
Bian Jia Jun Director
Gong Jian senior management
Fang Qing Qiang Directors, senior managers
Lin Jin Sheng senior management
Tang Wei senior management
Zhu Zhong Ming senior management

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