Jiangsu Yanghe Brewery JSC (SZSE:002304) Effective Interest Rate on Debt % : 3.73% (As of Mar. 2024)

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What is Jiangsu Yanghe Brewery JSC 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. Jiangsu Yanghe Brewery JSC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥3 Mil. Jiangsu Yanghe Brewery JSC's average total debt for the quarter that ended in Mar. 2024 was ¥70 Mil. Therefore, Jiangsu Yanghe Brewery JSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.73%.

Jiangsu Yanghe Brewery JSC Effective Interest Rate on Debt % Historical Data

The historical data trend for Jiangsu Yanghe Brewery JSC'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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Jiangsu Yanghe Brewery JSC Effective Interest Rate on Debt % Chart

Jiangsu Yanghe Brewery JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.30

0.05

4.34

2.98

10.60

Jiangsu Yanghe Brewery JSC 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															2.34	4.48	2.08	40.02	3.73

Competitive Comparison of Jiangsu Yanghe Brewery JSC's Effective Interest Rate on Debt %

For the Beverages - Wineries & Distilleries subindustry, Jiangsu Yanghe Brewery JSC'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.

Jiangsu Yanghe Brewery JSC's Effective Interest Rate on Debt % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Jiangsu Yanghe Brewery JSC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Jiangsu Yanghe Brewery JSC's Effective Interest Rate on Debt % falls into.

Jiangsu Yanghe Brewery JSC Effective Interest Rate on Debt % Calculation

Jiangsu Yanghe Brewery JSC'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 * -5.362	/	( (27.399	+	73.791)	/ 2 )
=	-1 * -5.362	/	50.595
=	10.60 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.715	+	23.684
=	27.399

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	48.71	+	25.081
=	73.791

Jiangsu Yanghe Brewery JSC'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 * -2.604	/	( (73.791	+	65.816)	/ 2 )
=	-1 * -2.604	/	69.8035
=	3.73 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	48.71	+	25.081
=	73.791

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46.996	+	18.82
=	65.816

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.

Jiangsu Yanghe Brewery JSC (SZSE:002304) Effective Interest Rate on Debt % Explanation

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

Jiangsu Yanghe Brewery JSC Effective Interest Rate on Debt % Related Terms

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Jiangsu Yanghe Brewery JSC (SZSE:002304) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Jiangsu Yanghe Brewery JSC Ltd (SZSE:002304) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 118 Middle Avenue, Yanghe Town, Jiangsu Province, Suqian, CHN, 223800

Website

https://www.chinayanghe.com

Jiangsu Yanghe Brewery, founded in 2002, manufactures and markets baijiu (a distilled Chinese liquor) under the Yanghe, Shuanggou, and Sujiu brands. Yanghe's key products include the Blue Classic series, which accounted for about 80% of total sales, such as premium Dream Blue, mid- to high-end Sky Blue, and mass-market Ocean Blue. The company achieved revenue of CNY 30 billion in 2022, with half of sales from the non-Jiangsu market, leveraging its more than 8,000 distributors across China.

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