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CRRC (SHSE:601766) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is CRRC 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. CRRC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0 Mil. CRRC's average total debt for the quarter that ended in Mar. 2024 was ¥21,056 Mil. Therefore, CRRC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.


CRRC Effective Interest Rate on Debt % Historical Data

The historical data trend for CRRC'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.

* Premium members only.

CRRC Effective Interest Rate on Debt % Chart

CRRC 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 0.09 0.02 0.07 0.15 0.30

CRRC 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 2.08 - 0.52 - -

Competitive Comparison of CRRC's Effective Interest Rate on Debt %

For the Railroads subindustry, CRRC'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.


CRRC's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CRRC's Effective Interest Rate on Debt % distribution charts can be found below:

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



CRRC Effective Interest Rate on Debt % Calculation

CRRC'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  *  -72.552/( (27347.788+20912.573)/ 2 )
=-1  *  -72.552/24130.1805
=0.30 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7246.977 + 20100.811
=27347.788

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8530.046 + 12382.527
=20912.573

CRRC'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  *  0/( (20912.573+21199.119)/ 2 )
=-1  *  0/21055.846
=0.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8530.046 + 12382.527
=20912.573

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8716.928 + 12482.191
=21199.119

* 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.


CRRC  (SHSE:601766) Effective Interest Rate on Debt % Explanation

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


CRRC Effective Interest Rate on Debt % Related Terms

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CRRC (SHSE:601766) Business Description

Industry
Traded in Other Exchanges
Address
No. 16-5, Central West Fourth Ring Road, Haidian District, Beijing, CHN, 100036
CRRC Corp Ltd manufactures products which are used for transportation through railroads. Its product portfolio includes rolling stock, rail transit vehicles, engineering machinery, electrical equipment and related parts, and environmental protection products. The company also engages in allied activities like refurbishment, leasing, technical support to clients, investment, and management, as well as import and export business. Its business operations are spread across Mainland China which derives the highest revenue, and a few other countries.
Executives
Dai De Ming Director
Zhao Ji Bin Director
Zhang Jun Director
Qiu Wei Supervisors
Wang Yan Supervisors
Zheng Chang Hong Director
Tang Ke Lin Director
Zhao Xiao Gang Director
Fu Jian Guo senior management
Chen Yong Kuan Director
Yang Yu Zhong Director
Liu Hua Long Director
Shao Ren Qiang senior management
Zhan Yan Jing senior management
Cai Da Wei Director

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