Chongqing Port Co (SHSE:600279) Effective Interest Rate on Debt % : 3.98% (As of Mar. 2024)

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What is Chongqing Port 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. Chongqing Port Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥148 Mil. Chongqing Port Co's average total debt for the quarter that ended in Mar. 2024 was ¥3,722 Mil. Therefore, Chongqing Port Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.98%.

Chongqing Port Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Chongqing Port 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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Chongqing Port Co Effective Interest Rate on Debt % Chart

Chongqing Port Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.40

2.96

3.38

3.64

4.06

Chongqing Port 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															3.89	4.05	4.52	3.43	3.98

Competitive Comparison of Chongqing Port Co's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Chongqing Port 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.

Chongqing Port Co's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

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

Chongqing Port Co Effective Interest Rate on Debt % Calculation

Chongqing Port 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 * -154.027	/	( (3850.627	+	3740.961)	/ 2 )
=	-1 * -154.027	/	3795.794
=	4.06 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3500.015	+	350.612
=	3850.627

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3326.898	+	414.063
=	3740.961

Chongqing Port 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 * -148.032	/	( (3740.961	+	3702.51)	/ 2 )
=	-1 * -148.032	/	3721.7355
=	3.98 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3326.898	+	414.063
=	3740.961

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3260.628	+	441.882
=	3702.51

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.

Chongqing Port Co (SHSE:600279) Effective Interest Rate on Debt % Explanation

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

Chongqing Port Co Effective Interest Rate on Debt % Related Terms

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Chongqing Port Co (SHSE:600279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chongqing Port Co Ltd (SHSE:600279) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 1, Fugang Avenue, Yuzui Town, Jiangbei District, Chongqing, CHN, 400025

Website

http://www.cqgj.com.cn

Chongqing Port Co Ltd formerly Chongqing Gangjiu Co Ltd provides cargo handling services primarily in China. The business activities of the group include logistics consulting, logistics planning, ship generation, freight forwarding, port loading and unloading, land and water transfer, inland river passenger and cargo transportation, container transit transportation, warehousing, distribution and other integrated logistics transportation services.

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