Hangzhou Cable Co (SHSE:603618) Effective Interest Rate on Debt % : 2.25% (As of Mar. 2024)

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What is Hangzhou Cable 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. Hangzhou Cable Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥109 Mil. Hangzhou Cable Co's average total debt for the quarter that ended in Mar. 2024 was ¥4,831 Mil. Therefore, Hangzhou Cable Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.25%.

Hangzhou Cable Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hangzhou Cable 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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Hangzhou Cable Co Effective Interest Rate on Debt % Chart

Hangzhou Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.11

3.68

4.24

3.82

3.44

Hangzhou Cable 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															1.73	3.79	2.86	4.83	2.25

Competitive Comparison of Hangzhou Cable Co's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Hangzhou Cable 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.

Hangzhou Cable Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Hangzhou Cable Co Effective Interest Rate on Debt % Calculation

Hangzhou Cable 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 * -166.114	/	( (4753.855	+	4914.162)	/ 2 )
=	-1 * -166.114	/	4834.0085
=	3.44 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1358.625	+	3395.23
=	4753.855

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	806.61	+	4107.552
=	4914.162

Hangzhou Cable 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 * -108.588	/	( (4914.162	+	4748.837)	/ 2 )
=	-1 * -108.588	/	4831.4995
=	2.25 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	806.61	+	4107.552
=	4914.162

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	918.396	+	3830.441
=	4748.837

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.

Hangzhou Cable Co (SHSE:603618) Effective Interest Rate on Debt % Explanation

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

Hangzhou Cable Co Effective Interest Rate on Debt % Related Terms

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Hangzhou Cable Co (SHSE:603618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Cable Co Ltd (SHSE:603618) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

6th Street 68-1, Hangzhou Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

http://www.hzcables.com

Hangzhou Cable Co Ltd engaged in the research and development, manufacturing and sale of wire and cable. The Company researches develop, produces and markets EHV cables, plastic wire, rubber cable and aerial cable, Aluminium alloy, Power cable, Rubber sleeve cable, Overhead wire, Mining cable and Control cable.

Executives

Hu Jian Ming	senior management
Hua Jian Fei	Director
Lu Chun Xiao	Director
Ni Yi Jian	Directors, senior managers
Zhang Xu Dong	Supervisors
Yin Zhi Ping	senior management
Zhang Qin Ying	Director
Zheng Xiu Hua	Director
Sun Qing Yan	Director
Zhang Xiu Hua	senior management

Hangzhou Cable Co (SHSE:603618) Headlines

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