GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Longsheng Group Co Ltd (SHSE:600352) » Definitions » Effective Interest Rate on Debt %

Zhejiang Longsheng Group Co (SHSE:600352) Effective Interest Rate on Debt % : 2.30% (As of Mar. 2024)


View and export this data going back to 2003. Start your Free Trial

What is Zhejiang Longsheng 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. Zhejiang Longsheng Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥528 Mil. Zhejiang Longsheng Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥22,930 Mil. Therefore, Zhejiang Longsheng Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.30%.


Zhejiang Longsheng Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhejiang Longsheng 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.

* Premium members only.

Zhejiang Longsheng Group Co Effective Interest Rate on Debt % Chart

Zhejiang Longsheng 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 1.69 1.20 2.01 1.51 2.24

Zhejiang Longsheng 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 2.53 2.00 2.30 1.71 2.30

Competitive Comparison of Zhejiang Longsheng Group Co's Effective Interest Rate on Debt %

For the Chemicals subindustry, Zhejiang Longsheng 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.


Zhejiang Longsheng Group Co's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Longsheng Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Zhejiang Longsheng Group Co Effective Interest Rate on Debt % Calculation

Zhejiang Longsheng 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  *  -430.691/( (19372.268+19096.644)/ 2 )
=-1  *  -430.691/19234.456
=2.24 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5343.293 + 14028.975
=19372.268

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7346.816 + 11749.828
=19096.644

Zhejiang Longsheng 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  *  -527.868/( (19096.644+26763.007)/ 2 )
=-1  *  -527.868/22929.8255
=2.30 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7346.816 + 11749.828
=19096.644

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13164.247 + 13598.76
=26763.007

* 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.


Zhejiang Longsheng Group Co  (SHSE:600352) Effective Interest Rate on Debt % Explanation

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


Zhejiang Longsheng Group Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Zhejiang Longsheng Group Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Zhejiang Longsheng Group Co (SHSE:600352) Business Description

Traded in Other Exchanges
N/A
Address
Daoxu Town, Shangyu District, Zhejiang Province, Shangyu, CHN, 312368
Zhejiang Longsheng Group Co Ltd is a China-based company principally engaged in the production and sale of dyes and automobile spare parts. It is also involved in the real estate business. The company operates in the business segments of Chemicals, Real Estate, Autoparts, Financial Investment and Others. In the Chemical segment, the product range covers textile chemicals, construction chemicals, fine chemical intermediates, inorganic chemicals and others. In Autoparts segment, the Company focuses on development, production, and sales of auto parts, sales of steel and logistics.

Zhejiang Longsheng Group Co (SHSE:600352) Headlines

No Headlines