Zhejiang Int'l Group Co (SZSE:000411) Effective Interest Rate on Debt % : 4.70% (As of Mar. 2024)

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What is Zhejiang Int'l 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. Zhejiang Int'l Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥169 Mil. Zhejiang Int'l Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥3,589 Mil. Therefore, Zhejiang Int'l Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.70%.

Zhejiang Int'l Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhejiang Int'l 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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Zhejiang Int'l Group Co Effective Interest Rate on Debt % Chart

Zhejiang Int'l Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.41

5.54

5.81

6.80

7.40

Zhejiang Int'l Group 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															5.85	4.31	4.23	3.87	4.70

Competitive Comparison of Zhejiang Int'l Group Co's Effective Interest Rate on Debt %

For the Drug Manufacturers - General subindustry, Zhejiang Int'l 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.

Zhejiang Int'l Group Co's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Zhejiang Int'l Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zhejiang Int'l Group Co's Effective Interest Rate on Debt % falls into.

Zhejiang Int'l Group Co Effective Interest Rate on Debt % Calculation

Zhejiang Int'l 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 * -167.437	/	( (1979.287	+	2543.002)	/ 2 )
=	-1 * -167.437	/	2261.1445
=	7.40 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	547.9	+	1431.387
=	1979.287

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	671.682	+	1871.32
=	2543.002

Zhejiang Int'l 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 * -168.872	/	( (2543.002	+	4635.874)	/ 2 )
=	-1 * -168.872	/	3589.438
=	4.70 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	671.682	+	1871.32
=	2543.002

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	737.113	+	3898.761
=	4635.874

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.

Zhejiang Int'l Group Co (SZSE:000411) Effective Interest Rate on Debt % Explanation

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

Zhejiang Int'l Group Co Effective Interest Rate on Debt % Related Terms

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Zhejiang Int'l Group Co (SZSE:000411) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Int'l Group Co Ltd (SZSE:000411) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jiangnan Lane, Dongxin Road, Building 3, Xiacheng District, Zhejiang Province, Hangzhou, CHN

Website

http://www.intmedic.com

Zhejiang Int'l Group Co Ltd is a China-based company operating in three major businesses: drugs, traditional Chinese medicine, and biological equipment.

Executives

Luo Guo Liang	Executives
Zhang Yi Ming	Executives
Zhao Pei Hong	Executives
Wang Jiang Wei	Executives
Ying Xu Jie	Executives
Bao Zhi Hu	Directors, executives
Wu Min Ying	Supervisors
Jiang Ju Fang	Directors, executives
Zhang Bao Hong	Director
Wu Xiu Dong	Executives
Qian Yong Lin	Director
Zheng Yu Ming	Director

Zhejiang Int'l Group Co (SZSE:000411) Headlines

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