Anhui Gujing Distillery Co (SZSE:000596) Effective Interest Rate on Debt % : 2.01% (As of Mar. 2024)

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What is Anhui Gujing Distillery 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. Anhui Gujing Distillery Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥5 Mil. Anhui Gujing Distillery Co's average total debt for the quarter that ended in Mar. 2024 was ¥265 Mil. Therefore, Anhui Gujing Distillery Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.01%.

Anhui Gujing Distillery Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Anhui Gujing Distillery 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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Anhui Gujing Distillery Co Effective Interest Rate on Debt % Chart

Anhui Gujing Distillery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.48

3.29

2.63

1.48

Anhui Gujing Distillery 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															1.02	0.69	1.83	2.66	2.01

Competitive Comparison of Anhui Gujing Distillery Co's Effective Interest Rate on Debt %

For the Beverages - Wineries & Distilleries subindustry, Anhui Gujing Distillery 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.

Anhui Gujing Distillery Co's Effective Interest Rate on Debt % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Anhui Gujing Distillery Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Anhui Gujing Distillery Co's Effective Interest Rate on Debt % falls into.

Anhui Gujing Distillery Co Effective Interest Rate on Debt % Calculation

Anhui Gujing Distillery 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 * -3.29	/	( (189.046	+	256.312)	/ 2 )
=	-1 * -3.29	/	222.679
=	1.48 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	63.576	+	125.47
=	189.046

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	175.487	+	80.825
=	256.312

Anhui Gujing Distillery 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 * -5.336	/	( (256.312	+	274.641)	/ 2 )
=	-1 * -5.336	/	265.4765
=	2.01 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	175.487	+	80.825
=	256.312

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	174.792	+	99.849
=	274.641

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.

Anhui Gujing Distillery Co (SZSE:000596) Effective Interest Rate on Debt % Explanation

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

Anhui Gujing Distillery Co Effective Interest Rate on Debt % Related Terms

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Anhui Gujing Distillery Co (SZSE:000596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Anhui Gujing Distillery Co Ltd (SZSE:000596) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

200596:China

Address

Gujing Town, Anhui Province, Bozhou, CHN, 236820

Website

http://www.gujing.com

Anhui Gujing is one of the eight most famous baijiu brands in China and the largest baijiu distiller in Anhui province by sales in 2022. The company produces rich-flavored baijiu, with a colorful brand story tracing back 1,800 years to the Three Kingdoms period. Gujing is one of the leading players in the midrange to high-end market and enjoys high retail prices and profit margins, with its flagship Gujing Year Puree series contributing 70%-75% of total sales. The State-Owned Assets Supervision and Administration Commission of Bozhou controls 28% of Gujing.

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