GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tech-Bank Food Co Ltd (SZSE:002124) » Definitions » Effective Interest Rate on Debt %

Tech-Bank Food Co (SZSE:002124) Effective Interest Rate on Debt % : 7.37% (As of Mar. 2024)


View and export this data going back to 2007. Start your Free Trial

What is Tech-Bank Food 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. Tech-Bank Food Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥433 Mil. Tech-Bank Food Co's average total debt for the quarter that ended in Mar. 2024 was ¥5,880 Mil. Therefore, Tech-Bank Food Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.37%.


Tech-Bank Food Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Tech-Bank Food 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.

Tech-Bank Food Co Effective Interest Rate on Debt % Chart

Tech-Bank Food 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 6.73 4.67 5.89 7.09 7.19

Tech-Bank Food 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 6.63 6.19 6.70 7.88 7.37

Competitive Comparison of Tech-Bank Food Co's Effective Interest Rate on Debt %

For the Farm Products subindustry, Tech-Bank Food 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.


Tech-Bank Food Co's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tech-Bank Food Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Tech-Bank Food Co's Effective Interest Rate on Debt % falls into.



Tech-Bank Food Co Effective Interest Rate on Debt % Calculation

Tech-Bank Food 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  *  -487.138/( (7357.299+6192.978)/ 2 )
=-1  *  -487.138/6775.1385
=7.19 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3461.949 + 3895.35
=7357.299

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2076.473 + 4116.505
=6192.978

Tech-Bank Food 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  *  -433.236/( (6192.978+5566.863)/ 2 )
=-1  *  -433.236/5879.9205
=7.37 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2076.473 + 4116.505
=6192.978

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1880.181 + 3686.682
=5566.863

* 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.


Tech-Bank Food Co  (SZSE:002124) Effective Interest Rate on Debt % Explanation

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


Tech-Bank Food Co Effective Interest Rate on Debt % Related Terms

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


Tech-Bank Food Co (SZSE:002124) Business Description

Traded in Other Exchanges
N/A
Address
Sunshine International Building, No. 55 Yuli Road, Block A, 1805-1807, Zhejiang Province, Yuyao, CHN, 200233
Tech-Bank Food Co Ltd is a China-based company engaged in the development, processing, and sales of food. Its main businesses include the pig breeding, pig farming and pork processing, the research and development, manufacturing and sales of animal vaccines, the research and development, production and sales of feed, as well as the engineering environmental services. The company mainly distributes its products in domestic and overseas markets.
Executives
Zhang Bang Hui Directors, executives
Li Shuang Bin Executives
Chen Xin Sheng Director
Shen Wei Ping Directors, executives
Xia Min Hai Executives
Yu Qian Executives
Wang Zhen Kun Executives
Zhang Bing Liang Supervisors
Zhu Ai Min Executives
Xia Yan Securities Affairs Representative
Zhang Yu Directors, executives
Wu Tian Xing Director
Lu Yu Xiao Executives
Zhang Lei Executives
Wang Wei Executives, directors

Tech-Bank Food Co (SZSE:002124) Headlines

No Headlines