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Haohua Chemical Science & Technology (SHSE:600378) Effective Interest Rate on Debt % : 1.67% (As of Mar. 2024)


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What is Haohua Chemical Science & Technology 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. Haohua Chemical Science & Technology's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥45 Mil. Haohua Chemical Science & Technology's average total debt for the quarter that ended in Mar. 2024 was ¥2,710 Mil. Therefore, Haohua Chemical Science & Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.67%.


Haohua Chemical Science & Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Haohua Chemical Science & Technology'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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Haohua Chemical Science & Technology Effective Interest Rate on Debt % Chart

Haohua Chemical Science & Technology 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 6.14 3.44 3.08 2.28 1.72

Haohua Chemical Science & Technology 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 2.10 2.33 1.90 0.99 1.67

Competitive Comparison of Haohua Chemical Science & Technology's Effective Interest Rate on Debt %

For the Chemicals subindustry, Haohua Chemical Science & Technology'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.


Haohua Chemical Science & Technology's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Haohua Chemical Science & Technology's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Haohua Chemical Science & Technology's Effective Interest Rate on Debt % falls into.



Haohua Chemical Science & Technology Effective Interest Rate on Debt % Calculation

Haohua Chemical Science & Technology'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  *  -41.349/( (2193.271+2624.811)/ 2 )
=-1  *  -41.349/2409.041
=1.72 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1195.447 + 997.824
=2193.271

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2045.123 + 579.688
=2624.811

Haohua Chemical Science & Technology'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  *  -45.14/( (2624.811+2795.791)/ 2 )
=-1  *  -45.14/2710.301
=1.67 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2045.123 + 579.688
=2624.811

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2114.142 + 681.649
=2795.791

* 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.


Haohua Chemical Science & Technology  (SHSE:600378) Effective Interest Rate on Debt % Explanation

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


Haohua Chemical Science & Technology Effective Interest Rate on Debt % Related Terms

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Haohua Chemical Science & Technology (SHSE:600378) Business Description

Traded in Other Exchanges
N/A
Address
Wainan Airport Road, P.O. Box 445, Sichuan, Chengdu, CHN, 610225
Haohua Chemical Science & Technology Corp Ltd, formerly Sichuan Tianyi Science & Technology Co Ltd is a China-based company engaged in the manufacturing of chemicals and related products It specializes in the catalyst, pressure swing adsorption gas separation technology and devices, organic chemical products, valves, and absorbent.

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