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Tianjin Capital Environmental Protection Group Co (SHSE:600874) Effective Interest Rate on Debt % : 4.18% (As of Mar. 2024)


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What is Tianjin Capital Environmental Protection 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. Tianjin Capital Environmental Protection Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥416 Mil. Tianjin Capital Environmental Protection Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥9,954 Mil. Therefore, Tianjin Capital Environmental Protection Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.18%.


Tianjin Capital Environmental Protection Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Tianjin Capital Environmental Protection 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.

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Tianjin Capital Environmental Protection Group Co Effective Interest Rate on Debt % Chart

Tianjin Capital Environmental Protection 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 4.22 4.26 4.39 4.53 4.08

Tianjin Capital Environmental Protection 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 3.86 4.03 4.14 3.87 4.18

Competitive Comparison of Tianjin Capital Environmental Protection Group Co's Effective Interest Rate on Debt %

For the Waste Management subindustry, Tianjin Capital Environmental Protection 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.


Tianjin Capital Environmental Protection Group Co's Effective Interest Rate on Debt % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Tianjin Capital Environmental Protection Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Tianjin Capital Environmental Protection Group Co's Effective Interest Rate on Debt % falls into.



Tianjin Capital Environmental Protection Group Co Effective Interest Rate on Debt % Calculation

Tianjin Capital Environmental Protection 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  *  -390.843/( (9257.593+9903.352)/ 2 )
=-1  *  -390.843/9580.4725
=4.08 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7980.121 + 1277.472
=9257.593

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7890.434 + 2012.918
=9903.352

Tianjin Capital Environmental Protection 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  *  -415.716/( (9903.352+10003.943)/ 2 )
=-1  *  -415.716/9953.6475
=4.18 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7890.434 + 2012.918
=9903.352

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8492.245 + 1511.698
=10003.943

* 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.


Tianjin Capital Environmental Protection Group Co  (SHSE:600874) Effective Interest Rate on Debt % Explanation

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


Tianjin Capital Environmental Protection Group Co Effective Interest Rate on Debt % Related Terms

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Tianjin Capital Environmental Protection Group Co (SHSE:600874) Business Description

Traded in Other Exchanges
Address
No. 76, Weijin South Road, 12th Floor, TCEP Building, Nankai District, Tianjin, CHN, 300381
Tianjin Capital Environmental Protection Group Co Ltd is a Chinese company mainly engaged in water utility business, new energy cooling and heating supply business. It provides sewage water treatment, construction and management of the related facility, the supply of tap water, recycled water. The company also provides a heating and cooling supply service which includes design, construction, operations, and transfer of centralized heating and cooling infrastructures, and provision of heating and cooling services. The company manages is business mainly in five segments; Sewage processing and facility, recycled water and pipeline connection, heating and cooling services, tap water operations and sale of environmental protection equipment. The company earns majority of its revenue from China.

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