Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Effective Interest Rate on Debt % : 1.98% (As of Mar. 2024)

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What is Asia-Potash International Investment (Guangzhou) 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. Asia-Potash International Investment (Guangzhou) Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥29 Mil. Asia-Potash International Investment (Guangzhou) Co's average total debt for the quarter that ended in Mar. 2024 was ¥1,447 Mil. Therefore, Asia-Potash International Investment (Guangzhou) Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.98%.

Asia-Potash International Investment (Guangzhou) Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Asia-Potash International Investment (Guangzhou) 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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Asia-Potash International Investment (Guangzhou) Co Effective Interest Rate on Debt % Chart

Asia-Potash International Investment (Guangzhou) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.28

4.45

11.45

2.07

Asia-Potash International Investment (Guangzhou) 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															8.21	11.53	4.01	2.23	1.98

Competitive Comparison of Asia-Potash International Investment (Guangzhou) Co's Effective Interest Rate on Debt %

For the Agricultural Inputs subindustry, Asia-Potash International Investment (Guangzhou) 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.

Asia-Potash International Investment (Guangzhou) Co's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Asia-Potash International Investment (Guangzhou) Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Asia-Potash International Investment (Guangzhou) Co's Effective Interest Rate on Debt % falls into.

Asia-Potash International Investment (Guangzhou) Co Effective Interest Rate on Debt % Calculation

Asia-Potash International Investment (Guangzhou) 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 * -11.042	/	( (23.482	+	1043.098)	/ 2 )
=	-1 * -11.042	/	533.29
=	2.07 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.468	+	11.014
=	23.482

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	575.552	+	467.546
=	1043.098

Asia-Potash International Investment (Guangzhou) 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 * -28.596	/	( (1043.098	+	1850.571)	/ 2 )
=	-1 * -28.596	/	1446.8345
=	1.98 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	575.552	+	467.546
=	1043.098

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1379.6	+	470.971
=	1850.571

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.

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Effective Interest Rate on Debt % Explanation

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

Asia-Potash International Investment (Guangzhou) Co Effective Interest Rate on Debt % Related Terms

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Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Asia-Potash International Investment (Guangzhou) Co Ltd (SZSE:000893) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1166 Xin Gang East Road, 19th Floor, South Tower, International Commerce Place, Guangzhou, CHN, 510330

Website

http://www.dongling.cn

Asia-Potash International Investment (Guangzhou) Co Ltd, formerly Donlinks International Investment Co Ltd is primarily involved in the grain trading activities. It trades in corns, sorghums, feeds barleys, DDGs, and others. Further, it is also engaged in the business of overseas dry bulk carriers such as coal and iron ore and provides logistics solution. The business activities are carried out through China.

Executives

Chen Xue Ping	Executives
Yu Long	Executives
Lai Ning Chang	Director
Li Chao Bo	Supervisors
Jiang Yi	Director
Xu Ji Ping	Director
Ma Kai	Directors, executives
Hou Xun Tian	Director
Tian Yan	Directors, executives
Xu Jian Fei	Executives
Shi Ge Yan	Executives
Rao Zhi Long	Directors, executives
Liu Jie	Executives

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Headlines

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