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Ningbonxing Medical Electric Co (SHSE:601567) Effective Interest Rate on Debt % : 2.53% (As of Mar. 2024)


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What is Ningbonxing Medical Electric 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. Ningbonxing Medical Electric Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥89 Mil. Ningbonxing Medical Electric Co's average total debt for the quarter that ended in Mar. 2024 was ¥3,514 Mil. Therefore, Ningbonxing Medical Electric Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.53%.


Ningbonxing Medical Electric Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Ningbonxing Medical Electric 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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Ningbonxing Medical Electric Co Effective Interest Rate on Debt % Chart

Ningbonxing Medical Electric 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 1.24 1.41 4.63 3.90 2.20

Ningbonxing Medical Electric 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 2.82 5.35 -0.18 5.06 2.53

Competitive Comparison of Ningbonxing Medical Electric Co's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Ningbonxing Medical Electric 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.


Ningbonxing Medical Electric Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbonxing Medical Electric Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Ningbonxing Medical Electric Co's Effective Interest Rate on Debt % falls into.



Ningbonxing Medical Electric Co Effective Interest Rate on Debt % Calculation

Ningbonxing Medical Electric 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  *  -52.751/( (1297.907+3493.634)/ 2 )
=-1  *  -52.751/2395.7705
=2.20 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=584.906 + 713.001
=1297.907

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3223.29 + 270.344
=3493.634

Ningbonxing Medical Electric 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  *  -88.952/( (3493.634+3535.345)/ 2 )
=-1  *  -88.952/3514.4895
=2.53 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3223.29 + 270.344
=3493.634

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3286.452 + 248.893
=3535.345

* 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.


Ningbonxing Medical Electric Co  (SHSE:601567) Effective Interest Rate on Debt % Explanation

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


Ningbonxing Medical Electric Co Effective Interest Rate on Debt % Related Terms

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Ningbonxing Medical Electric Co (SHSE:601567) Business Description

Traded in Other Exchanges
N/A
Address
No.17 Fenglin Road, Cicheng Tow, Jiangbei District, Ningbo, CHN, 315034
Ningbo Sanxing Medical Electric Co Ltd operates in the electricity measurement industry. The product portfolio of the group includes the Meter box, Smart substation, Switchgear, Power distribution automation devices and others. Geographically the firm operated through China however its business presence is also seen internationally.
Executives
Zheng Jian Jiang Director
Guo Su Directors, senior managers
Shen Guo Ying Directors, senior managers
Zheng Jun Da Supervisors
Mou Xi Lei Directors, senior managers
Xin Ning Director
Liang Song Luan senior management
Fu Guo Yi Supervisors
Li Wei Qing Director

Ningbonxing Medical Electric Co (SHSE:601567) Headlines

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