Sieyuan Electric Co (SZSE:002028) Effective Interest Rate on Debt % : 4.50% (As of Mar. 2024)

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What is Sieyuan Electric 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. Sieyuan Electric Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥7 Mil. Sieyuan Electric Co's average total debt for the quarter that ended in Mar. 2024 was ¥157 Mil. Therefore, Sieyuan Electric Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.50%.

Sieyuan Electric Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sieyuan Electric 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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Sieyuan Electric Co Effective Interest Rate on Debt % Chart

Sieyuan Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.04

3.64

4.37

4.86

4.43

Sieyuan Electric 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															3.75	5.11	8.57	4.27	4.50

Competitive Comparison of Sieyuan Electric Co's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Sieyuan Electric 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.

Sieyuan Electric Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sieyuan Electric Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Sieyuan Electric Co Effective Interest Rate on Debt % Calculation

Sieyuan Electric 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 * -6.497	/	( (136.556	+	156.742)	/ 2 )
=	-1 * -6.497	/	146.649
=	4.43 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.782	+	122.774
=	136.556

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.75	+	113.992
=	156.742

Sieyuan Electric 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 * -7.056	/	( (156.742	+	156.966)	/ 2 )
=	-1 * -7.056	/	156.854
=	4.50 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.75	+	113.992
=	156.742

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.986	+	113.98
=	156.966

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.

Sieyuan Electric Co (SZSE:002028) Effective Interest Rate on Debt % Explanation

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

Sieyuan Electric Co Effective Interest Rate on Debt % Related Terms

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Sieyuan Electric Co (SZSE:002028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sieyuan Electric Co Ltd (SZSE:002028) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 3399 Huaning Road, Minhang District, Shanghai, CHN, 201108

Website

http://en.sieyuan.com

Sieyuan Electric Co Ltd is a China-based company provides electrical equipment and services. The group primarily specializes in the research and development of electric power technology, equipment manufacturing, and engineering services. Siyuan Electric's business involves power, metallurgy, railway, petrochemical, coal, port and other industries. The products offered by the company include Capacitor, reactor, high voltage SVG, Intelligent terminal, auxiliary system, string harmonic, oil chromatography, UV imager and others. Geographically, it holds a presence in both the Chinese and international market.

Executives

Yang Zhi Hua	Directors, executives
Wu Sheng Zhang	Director
Dong Zeng Ping	Directors, executives
Chen Bang Dong	Director
Lin Ling	Directors, executives
Liu Cai	Executives
He Zhao Gang	Executives
Chen Hai Yan	Supervisors
Zhang Xiang Yang	Executives
Chen Zhao Ping	Executives
Yao Lian Hui	Supervisors
Wang Jian Zhong	Executives
Zhang Xiao Guo	Supervisors
Li Feng	Directors, executives
He Ya Ping	Director, within half a year of separation

Sieyuan Electric Co (SZSE:002028) Headlines

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