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Zhejiang Wanfeng Auto Wheel Co (SZSE:002085) Effective Interest Rate on Debt % : 4.28% (As of Mar. 2024)


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What is Zhejiang Wanfeng Auto Wheel 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. Zhejiang Wanfeng Auto Wheel Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥189 Mil. Zhejiang Wanfeng Auto Wheel Co's average total debt for the quarter that ended in Mar. 2024 was ¥4,424 Mil. Therefore, Zhejiang Wanfeng Auto Wheel Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.28%.


Zhejiang Wanfeng Auto Wheel Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhejiang Wanfeng Auto Wheel 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.

Zhejiang Wanfeng Auto Wheel Co Effective Interest Rate on Debt % Chart

Zhejiang Wanfeng Auto Wheel 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 5.38 4.73 4.83 5.23 5.27

Zhejiang Wanfeng Auto Wheel 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 4.65 4.54 4.82 5.63 4.28

Competitive Comparison of Zhejiang Wanfeng Auto Wheel Co's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Zhejiang Wanfeng Auto Wheel 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.


Zhejiang Wanfeng Auto Wheel Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Wanfeng Auto Wheel Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zhejiang Wanfeng Auto Wheel Co's Effective Interest Rate on Debt % falls into.



Zhejiang Wanfeng Auto Wheel Co Effective Interest Rate on Debt % Calculation

Zhejiang Wanfeng Auto Wheel 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  *  -265.258/( (5672.075+4394.926)/ 2 )
=-1  *  -265.258/5033.5005
=5.27 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=653.525 + 5018.55
=5672.075

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=755.429 + 3639.497
=4394.926

Zhejiang Wanfeng Auto Wheel 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  *  -189.288/( (4394.926+4452.878)/ 2 )
=-1  *  -189.288/4423.902
=4.28 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=755.429 + 3639.497
=4394.926

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=760.339 + 3692.539
=4452.878

* 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.


Zhejiang Wanfeng Auto Wheel Co  (SZSE:002085) Effective Interest Rate on Debt % Explanation

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


Zhejiang Wanfeng Auto Wheel Co Effective Interest Rate on Debt % Related Terms

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Zhejiang Wanfeng Auto Wheel Co (SZSE:002085) Business Description

Traded in Other Exchanges
N/A
Address
Xinchang County Industrial Park, Zhejiang Province, Chengguan Town, Shaoxing, CHN, 312500
Zhejiang Wanfeng Auto Wheel Co Ltd is a China-based company engages in the manufacture and sale of aluminum alloy wheels for automobiles and motorcycles, as well as magnesium alloy wheels. The company's operating segment includes Automobile wheel; Motorcycle wheel; Coating processing; Magnesium alloy die casting products; Stamping and General Aviation Aircraft. It generates maximum revenue from the Automobile wheel segment.
Executives
Yang Hui Hui Supervisors
Chen Ai Lian Director
Wu Xing Zhong Executives
Li Yun Director
Xu Xiao Fang Directors, executives
Zhu Xun Ming Director

Zhejiang Wanfeng Auto Wheel Co (SZSE:002085) Headlines

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