AVIC Airborne Systems Co (SHSE:600372) Effective Interest Rate on Debt % : 2.44% (As of Mar. 2024)

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What is AVIC Airborne Systems 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. AVIC Airborne Systems Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥234 Mil. AVIC Airborne Systems Co's average total debt for the quarter that ended in Mar. 2024 was ¥9,607 Mil. Therefore, AVIC Airborne Systems Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.44%.

AVIC Airborne Systems Co Effective Interest Rate on Debt % Historical Data

The historical data trend for AVIC Airborne Systems 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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AVIC Airborne Systems Co Effective Interest Rate on Debt % Chart

AVIC Airborne Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.72

5.11

3.20

2.73

3.10

AVIC Airborne Systems 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															3.69	4.09	2.31	2.98	2.44

Competitive Comparison of AVIC Airborne Systems Co's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, AVIC Airborne Systems 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.

AVIC Airborne Systems Co's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

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

* The bar in red indicates where AVIC Airborne Systems Co's Effective Interest Rate on Debt % falls into.

AVIC Airborne Systems Co Effective Interest Rate on Debt % Calculation

AVIC Airborne Systems 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 * -280.333	/	( (8997.877	+	9064.575)	/ 2 )
=	-1 * -280.333	/	9031.226
=	3.10 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1707.265	+	7290.612
=	8997.877

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4390.41	+	4674.165
=	9064.575

AVIC Airborne Systems 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 * -234.036	/	( (9064.575	+	10149.179)	/ 2 )
=	-1 * -234.036	/	9606.877
=	2.44 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4390.41	+	4674.165
=	9064.575

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3973.295	+	6175.884
=	10149.179

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.

AVIC Airborne Systems Co (SHSE:600372) Effective Interest Rate on Debt % Explanation

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

AVIC Airborne Systems Co Effective Interest Rate on Debt % Related Terms

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AVIC Airborne Systems Co (SHSE:600372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AVIC Airborne Systems Co Ltd (SHSE:600372) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jinghai 2nd Road, Beijing Economic and Technological Development Zone, Building 8, Yard 29, Beijing, CHN

Website

http://www.avic.com.cn

AVIC Airborne Systems Co Ltd Formerly China Avionics Systems Co Ltd engages in the research and development, production, sale, and services of engine auxiliary machinery systems and equipment for aviation. The company has aviation and armament equipment, military transport aircraft, helicopters, airborne systems and auto parts, general aviation, aviation research, flight testing, aviation supply chain and military trade, asset management, finance, engineering construction, automotive and other industries. The company also provides property leasing, technical, and consultancy services.

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