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Xiamen Tungsten Co (SHSE:600549) Effective Interest Rate on Debt % : 3.57% (As of Mar. 2024)


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What is Xiamen Tungsten 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. Xiamen Tungsten Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥449 Mil. Xiamen Tungsten Co's average total debt for the quarter that ended in Mar. 2024 was ¥12,578 Mil. Therefore, Xiamen Tungsten Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.57%.


Xiamen Tungsten Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Xiamen Tungsten 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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Xiamen Tungsten Co Effective Interest Rate on Debt % Chart

Xiamen Tungsten 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 4.38 3.89 4.03 3.62 3.63

Xiamen Tungsten 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 4.50 3.22 5.90 -0.32 3.57

Competitive Comparison of Xiamen Tungsten Co's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Xiamen Tungsten 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.


Xiamen Tungsten Co's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Xiamen Tungsten Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Xiamen Tungsten Co Effective Interest Rate on Debt % Calculation

Xiamen Tungsten 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  *  -457.696/( (13108.415+12097.083)/ 2 )
=-1  *  -457.696/12602.749
=3.63 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7624.658 + 5483.757
=13108.415

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8758.357 + 3338.726
=12097.083

Xiamen Tungsten 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  *  -449.284/( (12097.083+13058.841)/ 2 )
=-1  *  -449.284/12577.962
=3.57 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8758.357 + 3338.726
=12097.083

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7797.655 + 5261.186
=13058.841

* 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.


Xiamen Tungsten Co  (SHSE:600549) Effective Interest Rate on Debt % Explanation

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


Xiamen Tungsten Co Effective Interest Rate on Debt % Related Terms

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Xiamen Tungsten Co (SHSE:600549) Business Description

Traded in Other Exchanges
N/A
Address
Number 619 Hubin South Road, 16th Floor, Xiamen, Fujian, CHN, 361004
Xiamen Tungsten Co Ltd is engaged in smelting, processing, and developing tungsten, molybdenum, and rare earth metals in the People's Republic of China. It offers tungsten concentrates, such as WO3, WOX, RTP, tungsten powders, cast WC, cemented carbide rods, tungsten steel products, tungsten bars and tungsten wires. The company is also engaged in Rare Earth Business, Molybdenum Business, New Energy Materials Business and Real Estate Business.
Executives
Xu Huo Yao senior management
Wu Gao Chao Directors, senior managers
Hong Chao E senior management
Zhong Ke Xiang senior management
Huang Zhang Geng Director
Zhong Bing Xian senior management
Zhou Yu Jun senior management
Xu Ji Song Supervisors

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