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Wangli Security & Surveillance Product Co (SHSE:605268) Effective Interest Rate on Debt % : 3.60% (As of Mar. 2024)


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What is Wangli Security & Surveillance Product 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. Wangli Security & Surveillance Product Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥17 Mil. Wangli Security & Surveillance Product Co's average total debt for the quarter that ended in Mar. 2024 was ¥462 Mil. Therefore, Wangli Security & Surveillance Product Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.60%.


Wangli Security & Surveillance Product Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Wangli Security & Surveillance Product 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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Wangli Security & Surveillance Product Co Effective Interest Rate on Debt % Chart

Wangli Security & Surveillance Product Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial - 43.14 2.35 4.78 3.81

Wangli Security & Surveillance Product 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 2.99 2.97 3.51 6.09 3.60

Competitive Comparison of Wangli Security & Surveillance Product Co's Effective Interest Rate on Debt %

For the Security & Protection Services subindustry, Wangli Security & Surveillance Product 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.


Wangli Security & Surveillance Product Co's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Wangli Security & Surveillance Product Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Wangli Security & Surveillance Product Co's Effective Interest Rate on Debt % falls into.



Wangli Security & Surveillance Product Co Effective Interest Rate on Debt % Calculation

Wangli Security & Surveillance Product 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  *  -17.352/( (483.436+426.663)/ 2 )
=-1  *  -17.352/455.0495
=3.81 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.922 + 481.514
=483.436

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.706 + 424.957
=426.663

Wangli Security & Surveillance Product 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  *  -16.672/( (426.663+498.299)/ 2 )
=-1  *  -16.672/462.481
=3.60 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.706 + 424.957
=426.663

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.508 + 496.791
=498.299

* 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.


Wangli Security & Surveillance Product Co  (SHSE:605268) Effective Interest Rate on Debt % Explanation

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


Wangli Security & Surveillance Product Co Effective Interest Rate on Debt % Related Terms

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Wangli Security & Surveillance Product Co (SHSE:605268) Business Description

Traded in Other Exchanges
N/A
Address
Hardware Technology Industrial Park, Zhejiang Province, Yongkang, CHN, 321300
Wangli Security & Surveillance Product Co Ltd is engaged in the research and development, design, production and sales of door products such as security doors and lock products such as mechanical locks and smart locks.
Executives
Zhi Chong Zheng senior management
Ying Min Director
Wang Li Xia senior management
Hu Ying Jiang Director
Chen Li senior management
Chen Zhi Xian senior management
Li Qiong Xing senior management
Wang Shun Da senior management

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