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Hubei Yihua Chemical Industry Co (SZSE:000422) Effective Interest Rate on Debt % : 2.87% (As of Mar. 2024)


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What is Hubei Yihua Chemical Industry 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. Hubei Yihua Chemical Industry Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥239 Mil. Hubei Yihua Chemical Industry Co's average total debt for the quarter that ended in Mar. 2024 was ¥8,344 Mil. Therefore, Hubei Yihua Chemical Industry Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.87%.


Hubei Yihua Chemical Industry Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hubei Yihua Chemical Industry 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.

Hubei Yihua Chemical Industry Co Effective Interest Rate on Debt % Chart

Hubei Yihua Chemical Industry 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 5.50 4.91 3.74 3.25 2.89

Hubei Yihua Chemical Industry 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 3.11 3.07 2.89 2.18 2.87

Competitive Comparison of Hubei Yihua Chemical Industry Co's Effective Interest Rate on Debt %

For the Agricultural Inputs subindustry, Hubei Yihua Chemical Industry 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.


Hubei Yihua Chemical Industry Co's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Hubei Yihua Chemical Industry Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hubei Yihua Chemical Industry Co's Effective Interest Rate on Debt % falls into.



Hubei Yihua Chemical Industry Co Effective Interest Rate on Debt % Calculation

Hubei Yihua Chemical Industry 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  *  -242.053/( (8921.723+7845.644)/ 2 )
=-1  *  -242.053/8383.6835
=2.89 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4913.663 + 4008.06
=8921.723

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2807.738 + 5037.906
=7845.644

Hubei Yihua Chemical Industry 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  *  -239.228/( (7845.644+8842.141)/ 2 )
=-1  *  -239.228/8343.8925
=2.87 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2807.738 + 5037.906
=7845.644

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3886.7 + 4955.441
=8842.141

* 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.


Hubei Yihua Chemical Industry Co  (SZSE:000422) Effective Interest Rate on Debt % Explanation

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


Hubei Yihua Chemical Industry Co Effective Interest Rate on Debt % Related Terms

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Hubei Yihua Chemical Industry Co (SZSE:000422) Business Description

Traded in Other Exchanges
N/A
Address
399 Yuting Avenue, Hubei Province, Yichang, CHN, 100070
Hubei Yihua Chemical Industry Co Ltd operates in the chemical raw materials and chemical manufacturing industry. The products of the company include ammonia and other chemical fertilizers.
Executives
Zhao Yang Independent director
Qiang Wei Directors, Directors, and Executives
Zhang Zhong Hua Director
Shi Yao Qiang Supervisors
Wang Hong Xia Independent director
Lu Dan Securities Affairs Representative
Jiang Yuan Hua Director
Wang Zai Xiao Director
Zhao Da He Director
Liu Bo Executives
Li Shan Min Director
Xia Yun Supervisors
Bai Mei Supervisors
Gan De An Director

Hubei Yihua Chemical Industry Co (SZSE:000422) Headlines

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