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Hangjin Technology Co (SZSE:000818) Effective Interest Rate on Debt % : 2.11% (As of Mar. 2024)


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What is Hangjin 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. Hangjin Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥25 Mil. Hangjin Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥1,171 Mil. Therefore, Hangjin Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.11%.


Hangjin Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hangjin 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.

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Hangjin Technology Co Effective Interest Rate on Debt % Chart

Hangjin 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 7.08 5.51 3.64 3.93 4.37

Hangjin 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 3.38 4.61 6.10 7.45 2.11

Competitive Comparison of Hangjin Technology Co's Effective Interest Rate on Debt %

For the Chemicals subindustry, Hangjin 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.


Hangjin Technology Co's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hangjin Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hangjin Technology Co's Effective Interest Rate on Debt % falls into.



Hangjin Technology Co Effective Interest Rate on Debt % Calculation

Hangjin 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  *  -33.168/( (516.072+1000.569)/ 2 )
=-1  *  -33.168/758.3205
=4.37 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=234.796 + 281.276
=516.072

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=124.811 + 875.758
=1000.569

Hangjin 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  *  -24.728/( (1000.569+1341.112)/ 2 )
=-1  *  -24.728/1170.8405
=2.11 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=124.811 + 875.758
=1000.569

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=119.103 + 1222.009
=1341.112

* 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.


Hangjin Technology Co  (SZSE:000818) Effective Interest Rate on Debt % Explanation

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


Hangjin Technology Co Effective Interest Rate on Debt % Related Terms

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Hangjin Technology Co (SZSE:000818) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Chemical Street, Lianshan District, Liaoning Province, Huludao, CHN, 125001
Hangjin Technology Co Ltd engages in the manufacturing of chemical products in China. Its main products are caustic soda, polyvinyl chloride, propylene oxide, polyether, trichloroethylene, propylene glycol, and chlorinated benzenes. Geographically, the business activities are carried out through China.
Executives
Lu Zhi Jun Executives
Wang Di Fei Executives
Ding Xiao Hong Executives
Wang Dong Dong Directors, executives
Cai Wei Dong Director
Jin Yong Executives
Zhang Ge Liang Executives
Wang Xiao Xing Executives
Qian Yong Chun Executives
Zhang Jian Li Executives
Ding Gui Bao Directors, executives
Liu Chun Yan Independent director
Ou Yang Guo Liang Executives
Sun Gui Chen Director
Zhu Di Supervisors

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