Shenzhen Glory Medical Co (SZSE:002551) Effective Interest Rate on Debt % : 0.06% (As of Mar. 2024)

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What is Shenzhen Glory Medical 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. Shenzhen Glory Medical Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0 Mil. Shenzhen Glory Medical Co's average total debt for the quarter that ended in Mar. 2024 was ¥290 Mil. Therefore, Shenzhen Glory Medical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.06%.

Shenzhen Glory Medical Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shenzhen Glory Medical 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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Shenzhen Glory Medical Co Effective Interest Rate on Debt % Chart

Shenzhen Glory Medical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.15

2.40

1.66

1.23

0.64

Shenzhen Glory Medical 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															0.29	0.86	1.14	0.22	0.06

Competitive Comparison of Shenzhen Glory Medical Co's Effective Interest Rate on Debt %

For the Medical Distribution subindustry, Shenzhen Glory Medical 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.

Shenzhen Glory Medical Co's Effective Interest Rate on Debt % Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Shenzhen Glory Medical Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shenzhen Glory Medical Co's Effective Interest Rate on Debt % falls into.

Shenzhen Glory Medical Co Effective Interest Rate on Debt % Calculation

Shenzhen Glory Medical 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 * -2.002	/	( (332.058	+	290.604)	/ 2 )
=	-1 * -2.002	/	311.331
=	0.64 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	290.598	+	41.46
=	332.058

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	269.544	+	21.06
=	290.604

Shenzhen Glory Medical 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 * -0.176	/	( (290.604	+	289.673)	/ 2 )
=	-1 * -0.176	/	290.1385
=	0.06 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	269.544	+	21.06
=	290.604

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	268.613	+	21.06
=	289.673

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.

Shenzhen Glory Medical Co (SZSE:002551) Effective Interest Rate on Debt % Explanation

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

Shenzhen Glory Medical Co Effective Interest Rate on Debt % Related Terms

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Shenzhen Glory Medical Co (SZSE:002551) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Shenzhen Glory Medical Co Ltd (SZSE:002551) » Definitions » Effective Interest Rate on Debt %

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Address

Glory Science and Tech Industrial Park, Baolong Avenue, Longgang District, Shenzhen, Guangdong, CHN, 518116

Website

http://www.glory-medical.com.cn

Shenzhen Glory Medical Co Ltd is engaged in providing hospital building integrated solutions in China. It is involved in the hospital construction system analysis and planning, and medical engineering activities. It also sells medical equipment and medical consumables. The company provides hospital management professional medical logistic, smart medical, and park development services.

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