Cowealth Medical China Co (SHSE:603122) Effective Interest Rate on Debt % : 4.51% (As of Mar. 2024)

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What is Cowealth Medical China 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. Cowealth Medical China Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥5 Mil. Cowealth Medical China Co's average total debt for the quarter that ended in Mar. 2024 was ¥100 Mil. Therefore, Cowealth Medical China Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.51%.

Cowealth Medical China Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Cowealth Medical China 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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Cowealth Medical China Co Effective Interest Rate on Debt % Chart

Cowealth Medical China Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.55

3.12

3.51

4.02

7.72

Cowealth Medical China Co Quarterly Data
	Dec17	Dec18	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															5.57	4.64	5.07	0.49	4.51

Competitive Comparison of Cowealth Medical China Co's Effective Interest Rate on Debt %

For the Diagnostics & Research subindustry, Cowealth Medical China 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.

Cowealth Medical China Co's Effective Interest Rate on Debt % Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Cowealth Medical China Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Cowealth Medical China Co Effective Interest Rate on Debt % Calculation

Cowealth Medical China 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 * -5.876	/	( (79.996	+	72.195)	/ 2 )
=	-1 * -5.876	/	76.0955
=	7.72 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.556	+	63.44
=	79.996

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.687	+	66.508
=	72.195

Cowealth Medical China 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 * -4.524	/	( (72.195	+	128.601)	/ 2 )
=	-1 * -4.524	/	100.398
=	4.51 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.687	+	66.508
=	72.195

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.579	+	124.022
=	128.601

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.

Cowealth Medical China Co (SHSE:603122) Effective Interest Rate on Debt % Explanation

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

Cowealth Medical China Co Effective Interest Rate on Debt % Related Terms

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Cowealth Medical China Co (SHSE:603122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Cowealth Medical China Co Ltd (SHSE:603122) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1001 Qinzhou North Road, 21st Floor, Building 12, Xuhui District, Shanghai, CHN, 200131

Website

https://www.cowealth.com

Cowealth Medical China Co Ltd operates as a diagnostic clinical laboratory company. It has introduced radiation oncology technology into the market.

Executives

Wang Qiong Zhi

Directors, senior managers

Cowealth Medical China Co (SHSE:603122) Headlines

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