Eastroc Beverage (Group) Co (SHSE:605499) Effective Interest Rate on Debt % : 2.10% (As of Mar. 2024)

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What is Eastroc Beverage (Group) 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. Eastroc Beverage (Group) Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥75 Mil. Eastroc Beverage (Group) Co's average total debt for the quarter that ended in Mar. 2024 was ¥3,569 Mil. Therefore, Eastroc Beverage (Group) Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.10%.

Eastroc Beverage (Group) Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Eastroc Beverage (Group) 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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Eastroc Beverage (Group) Co Effective Interest Rate on Debt % Chart

Eastroc Beverage (Group) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.36

2.80

2.30

2.57

2.41

Eastroc Beverage (Group) 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															2.20	2.03	1.94	2.15	2.10

Competitive Comparison of Eastroc Beverage (Group) Co's Effective Interest Rate on Debt %

For the Beverages - Brewers subindustry, Eastroc Beverage (Group) 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.

Eastroc Beverage (Group) Co's Effective Interest Rate on Debt % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Eastroc Beverage (Group) Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Eastroc Beverage (Group) Co's Effective Interest Rate on Debt % falls into.

Eastroc Beverage (Group) Co Effective Interest Rate on Debt % Calculation

Eastroc Beverage (Group) 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 * -80.086	/	( (3306.175	+	3344.852)	/ 2 )
=	-1 * -80.086	/	3325.5135
=	2.41 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	85.245	+	3220.93
=	3306.175

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	315.386	+	3029.466
=	3344.852

Eastroc Beverage (Group) 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 * -74.816	/	( (3344.852	+	3792.641)	/ 2 )
=	-1 * -74.816	/	3568.7465
=	2.10 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	315.386	+	3029.466
=	3344.852

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	392.934	+	3399.707
=	3792.641

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.

Eastroc Beverage (Group) Co (SHSE:605499) Effective Interest Rate on Debt % Explanation

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

Eastroc Beverage (Group) Co Effective Interest Rate on Debt % Related Terms

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Eastroc Beverage (Group) Co (SHSE:605499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Eastroc Beverage (Group) Co Ltd (SHSE:605499) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 142, Zhuguang North Road, Taoyuan Street, 1st Floor, Building 3, Zhongguan Honghualing Industrial West Zone, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

https://www.szeastroc.com

Eastroc Beverage (Group) Co Ltd is engaged in the research and development, production and sales of beverages.

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