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Tiand Di Science & Technology Co (SHSE:600582) Effective Interest Rate on Debt % : 3.22% (As of Mar. 2024)


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What is Tiand Di Science & Technology 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. Tiand Di Science & Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥40 Mil. Tiand Di Science & Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥1,228 Mil. Therefore, Tiand Di Science & Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.22%.


Tiand Di Science & Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Tiand Di Science & Technology 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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Tiand Di Science & Technology Co Effective Interest Rate on Debt % Chart

Tiand Di Science & Technology 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 5.67 5.53 3.19 3.77 2.28

Tiand Di Science & Technology 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 2.12 5.69 2.81 2.71 3.22

Competitive Comparison of Tiand Di Science & Technology Co's Effective Interest Rate on Debt %

For the Farm & Heavy Construction Machinery subindustry, Tiand Di Science & Technology 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.


Tiand Di Science & Technology Co's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tiand Di Science & Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Tiand Di Science & Technology Co Effective Interest Rate on Debt % Calculation

Tiand Di Science & Technology 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  *  -22.549/( (560.879+1418.565)/ 2 )
=-1  *  -22.549/989.722
=2.28 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=253.585 + 307.294
=560.879

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=323.733 + 1094.832
=1418.565

Tiand Di Science & Technology 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  *  -39.504/( (1418.565+1036.547)/ 2 )
=-1  *  -39.504/1227.556
=3.22 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=323.733 + 1094.832
=1418.565

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=306.866 + 729.681
=1036.547

* 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.


Tiand Di Science & Technology Co  (SHSE:600582) Effective Interest Rate on Debt % Explanation

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


Tiand Di Science & Technology Co Effective Interest Rate on Debt % Related Terms

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Tiand Di Science & Technology Co (SHSE:600582) Business Description

Traded in Other Exchanges
N/A
Address
No. 5 Qing Nian Gou Road, He Ping Avenue, Chaoyang District, Beijing, CHN, 100013
Tiand Di Science & Technology Co Ltd is a China-based company. The company's main business includes mine production process automation, mechanization, information equipment development, manufacturing, and system integration; coal washing equipment development and manufacturing and general contracting of the coal preparation plant.
Executives
Min Yong Supervisors
Wang En Peng Supervisors
Wei Yong Gang senior management
Huang Le Ting senior management
Ning Yu Director
Song Jia Xing senior management
Wang Hong Director
Wang Jin Hua Director
Fan Bao Ying Director
Li Yu Kui Supervisors
Xiao Bao Gui senior management
Fan Jian senior management
Yan Shao Hong senior management
Wu De Zheng Director
Tang Bao Guo Supervisors

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