Shandong Hi-Speed Co (SHSE:600350) Effective Interest Rate on Debt % : 3.50% (As of Mar. 2024)

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What is Shandong Hi-Speed 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. Shandong Hi-Speed Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥2,284 Mil. Shandong Hi-Speed Co's average total debt for the quarter that ended in Mar. 2024 was ¥65,231 Mil. Therefore, Shandong Hi-Speed Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.50%.

Shandong Hi-Speed Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shandong Hi-Speed 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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Shandong Hi-Speed Co Effective Interest Rate on Debt % Chart

Shandong Hi-Speed Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.10

4.20

4.01

3.94

3.85

Shandong Hi-Speed 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															4.09	3.98	3.95	3.93	3.50

Competitive Comparison of Shandong Hi-Speed Co's Effective Interest Rate on Debt %

For the Infrastructure Operations subindustry, Shandong Hi-Speed 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.

Shandong Hi-Speed Co's Effective Interest Rate on Debt % Distribution in the Construction Industry

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

* The bar in red indicates where Shandong Hi-Speed Co's Effective Interest Rate on Debt % falls into.

Shandong Hi-Speed Co Effective Interest Rate on Debt % Calculation

Shandong Hi-Speed 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 * -2361.1	/	( (57822.472	+	64710.144)	/ 2 )
=	-1 * -2361.1	/	61266.308
=	3.85 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53255.565	+	4566.907
=	57822.472

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	57679.615	+	7030.529
=	64710.144

Shandong Hi-Speed 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 * -2284.324	/	( (64710.144	+	65750.95)	/ 2 )
=	-1 * -2284.324	/	65230.547
=	3.50 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	57679.615	+	7030.529
=	64710.144

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	58445.486	+	7305.464
=	65750.95

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.

Shandong Hi-Speed Co (SHSE:600350) Effective Interest Rate on Debt % Explanation

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

Shandong Hi-Speed Co Effective Interest Rate on Debt % Related Terms

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Shandong Hi-Speed Co (SHSE:600350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shandong Hi-Speed Co Ltd (SHSE:600350) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 5006, Aoti Middle Road, Shandong, Jinan, CHN, 250101

Website

http://www.sdecl.com.cn

Shandong Hi-Speed Co Ltd is a China-based company mainly engaged in the investment and operation of transportation infrastructure. It is also engaged in activities of equity investment in the upstream and downstream industries, finance, and environmental protection of the highway industry chain. It operates and maintains toll roads, bridges, tunnels, and other infrastructure facilities. The company earns majority revenue in the form of Toll, railway transportation, sales of goods, project construction, and other businesses.

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