GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Huafon Chemical Co Ltd (SZSE:002064) » Definitions » Effective Interest Rate on Debt %

Huafon Chemical Co (SZSE:002064) Effective Interest Rate on Debt % : 4.00% (As of Mar. 2024)


View and export this data going back to 2006. Start your Free Trial

What is Huafon Chemical 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. Huafon Chemical Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥195 Mil. Huafon Chemical Co's average total debt for the quarter that ended in Mar. 2024 was ¥4,869 Mil. Therefore, Huafon Chemical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.00%.


Huafon Chemical Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Huafon Chemical 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.

Huafon Chemical Co Effective Interest Rate on Debt % Chart

Huafon Chemical 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 4.61 2.78 4.73 4.31 4.17

Huafon Chemical 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 3.79 3.70 2.16 2.55 4.00

Competitive Comparison of Huafon Chemical Co's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Huafon Chemical 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.


Huafon Chemical Co's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

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

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



Huafon Chemical Co Effective Interest Rate on Debt % Calculation

Huafon Chemical 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  *  -166.425/( (3870.321+4113.35)/ 2 )
=-1  *  -166.425/3991.8355
=4.17 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1625.824 + 2244.497
=3870.321

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=376.826 + 3736.524
=4113.35

Huafon Chemical 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  *  -194.544/( (4113.35+5624.767)/ 2 )
=-1  *  -194.544/4869.0585
=4.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=376.826 + 3736.524
=4113.35

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=475.497 + 5149.27
=5624.767

* 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.


Huafon Chemical Co  (SZSE:002064) Effective Interest Rate on Debt % Explanation

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


Huafon Chemical Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Huafon Chemical Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Huafon Chemical Co (SZSE:002064) Business Description

Traded in Other Exchanges
N/A
Address
Xincheng Town Industrial Park, Zhejiang Province, Ruian, CHN, 325200
Huafon Chemical Co Ltd is a China-based company engaged in the production sales of spandex fiber, polyurethane stock solution and refined adipic acid.
Executives
Li Yi Lun Secretary, Director
Pan Ji Chu Directors, executives
Yu Zhi Li Executives
Xu Ning Executives
Xi Qing Executives
You Xiao Ping Director
Xu Shu Yuan Executives
Lin Jian Yi Director
Zhuo Rui Mian Supervisors
Chen Lin Zhen Director
You Jin Ming Supervisors
Yang Qing Wen Director
Yang Cong Deng Directors, executives
Duan Wei Dong Supervisors

Huafon Chemical Co (SZSE:002064) Headlines

No Headlines