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Zoomlion Heavy Industry Science and Technology Co (SZSE:000157) Effective Interest Rate on Debt % : 1.92% (As of Mar. 2024)


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What is Zoomlion Heavy Industry Science and Technology 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. Zoomlion Heavy Industry Science and Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥426 Mil. Zoomlion Heavy Industry Science and Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥22,155 Mil. Therefore, Zoomlion Heavy Industry Science and Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.92%.


Zoomlion Heavy Industry Science and Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zoomlion Heavy Industry Science and Technology 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.

* Premium members only.

Zoomlion Heavy Industry Science and Technology Co Effective Interest Rate on Debt % Chart

Zoomlion Heavy Industry Science and Technology Co 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 5.74 4.46 4.70 4.47 3.05

Zoomlion Heavy Industry Science and Technology 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 3.15 3.27 2.99 2.03 1.92

Competitive Comparison of Zoomlion Heavy Industry Science and Technology Co's Effective Interest Rate on Debt %

For the Farm & Heavy Construction Machinery subindustry, Zoomlion Heavy Industry Science and Technology 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.


Zoomlion Heavy Industry Science and Technology Co's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Zoomlion Heavy Industry Science and Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zoomlion Heavy Industry Science and Technology Co's Effective Interest Rate on Debt % falls into.



Zoomlion Heavy Industry Science and Technology Co Effective Interest Rate on Debt % Calculation

Zoomlion Heavy Industry Science and Technology 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  *  -690.703/( (22509.004+22797.548)/ 2 )
=-1  *  -690.703/22653.276
=3.05 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11317.645 + 11191.359
=22509.004

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15252.118 + 7545.43
=22797.548

Zoomlion Heavy Industry Science and Technology 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  *  -426.464/( (22797.548+21513.132)/ 2 )
=-1  *  -426.464/22155.34
=1.92 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15252.118 + 7545.43
=22797.548

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17124.123 + 4389.009
=21513.132

* 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.


Zoomlion Heavy Industry Science and Technology Co  (SZSE:000157) Effective Interest Rate on Debt % Explanation

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


Zoomlion Heavy Industry Science and Technology Co Effective Interest Rate on Debt % Related Terms

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Zoomlion Heavy Industry Science and Technology Co (SZSE:000157) Business Description

Traded in Other Exchanges
Address
No. 361, Yinpen South Road, Hunan Province, Changsha, CHN, 410013
Zoomlion Heavy Industry Science and Technology Co Ltd are mainly engaged in the research, development, manufacturing, and sales of construction machinery, and agricultural machinery. It is engaged in three main operating segments, including (i) research, development, manufacturing, and sale of construction machinery; (ii) research, development, manufacturing, and sale of agricultural machinery; and (iii) finance lease services. The construction machinery segment provides concrete machinery, crane machinery, road construction machinery, pile foundation machinery, work-at-height machinery, fire machinery, mining machinery, forklift truck, and other products. Agricultural machinery industry, including farming machinery, harvesting machinery, drying machinery, and agricultural equipment.
Executives
Xiong Yan Ming Executives
Tang Shao Fang Executives
Wang Yong Xiang Executives
Du Yi Gang Executives
Luo Kai Executives
Shen Ke Executives
Huang Jian Bing Executives
Sun Chang Jun Executives
Tian Bing Executives
Fu Ling Executives
He Jian Ming Supervisors
Guo Xue Hong Executives
Guo Tao Securities Affairs Representative
Liu Xiao Ping Supervisors
He Wen Jin Executives

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