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Henan Tong-Da Cable Co (SZSE:002560) Effective Interest Rate on Debt % : 3.07% (As of Mar. 2024)


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What is Henan Tong-Da Cable 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. Henan Tong-Da Cable Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥46 Mil. Henan Tong-Da Cable Co's average total debt for the quarter that ended in Mar. 2024 was ¥1,489 Mil. Therefore, Henan Tong-Da Cable Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.07%.


Henan Tong-Da Cable Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Henan Tong-Da Cable 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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Henan Tong-Da Cable Co Effective Interest Rate on Debt % Chart

Henan Tong-Da Cable 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 6.34 5.38 6.41 5.74 3.76

Henan Tong-Da Cable 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 3.15 4.44 3.85 4.24 3.07

Competitive Comparison of Henan Tong-Da Cable Co's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Henan Tong-Da Cable 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.


Henan Tong-Da Cable Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Henan Tong-Da Cable Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Henan Tong-Da Cable Co's Effective Interest Rate on Debt % falls into.



Henan Tong-Da Cable Co Effective Interest Rate on Debt % Calculation

Henan Tong-Da Cable 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  *  -44.461/( (927.047+1439.097)/ 2 )
=-1  *  -44.461/1183.072
=3.76 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=132.221 + 794.826
=927.047

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=260.576 + 1178.521
=1439.097

Henan Tong-Da Cable 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  *  -45.756/( (1439.097+1539.397)/ 2 )
=-1  *  -45.756/1489.247
=3.07 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=260.576 + 1178.521
=1439.097

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=308.181 + 1231.216
=1539.397

* 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.


Henan Tong-Da Cable Co  (SZSE:002560) Effective Interest Rate on Debt % Explanation

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


Henan Tong-Da Cable Co Effective Interest Rate on Debt % Related Terms

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Henan Tong-Da Cable Co (SZSE:002560) Business Description

Traded in Other Exchanges
N/A
Address
Shijiawan Industrial Zone, Henan, Yanshi, CHN, 471922
Henan Tong-Da Cable Co Ltd is engaged in the research, development, and production of wires and cables. The products of the company include home improvement green wire, overhead bare wire, overhead insulated wire, and control cable.
Executives
Liu Zhi Jian Secretary Dong
Yan Wen Ge Executives
Qu Hong Pu Directors, executives
Shi Wan Fu Director
Li Gao Jie Securities Affairs Representative
Cai Xiao Xian Supervisors
Zhang Zhi Zhong Directors, Directors, and Executives
Ma Yan Hong Supervisors
Shao Xue Liang Directors, executives

Henan Tong-Da Cable Co (SZSE:002560) Headlines

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