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ORG Technology Co (SZSE:002701) Effective Interest Rate on Debt % : 5.78% (As of Mar. 2024)


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What is ORG Technology 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. ORG Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥227 Mil. ORG Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥3,920 Mil. Therefore, ORG Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.78%.

ORG Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for ORG Technology 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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ORG Technology Co Effective Interest Rate on Debt % Chart

ORG Technology 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 6.59 7.70 6.85 6.46 6.60

ORG Technology 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 6.81 6.75 6.25 5.74 5.78

Competitive Comparison of ORG Technology Co's Effective Interest Rate on Debt %

For the Packaging & Containers subindustry, ORG Technology 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.

ORG Technology Co's Effective Interest Rate on Debt % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, ORG Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where ORG Technology Co's Effective Interest Rate on Debt % falls into.


ORG Technology Co Effective Interest Rate on Debt % Calculation

ORG Technology 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  *  -268.054/( (4122.881+3999.649)/ 2 )
=-1  *  -268.054/4061.265
=6.60 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=981.546 + 3141.335
=4122.881

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=775.388 + 3224.261
=3999.649

ORG Technology 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  *  -226.752/( (3999.649+3839.664)/ 2 )
=-1  *  -226.752/3919.6565
=5.78 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=775.388 + 3224.261
=3999.649

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=752.412 + 3087.252
=3839.664

* 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.

ORG Technology Co  (SZSE:002701) Effective Interest Rate on Debt % Explanation

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

ORG Technology Co Effective Interest Rate on Debt % Related Terms

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ORG Technology Co (SZSE:002701) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » ORG Technology Co Ltd (SZSE:002701) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
SZSE:301559 SZSE:002585 SZSE:002243 SZSE:002191 SZSE:002803 SHSE:600210 SHSE:601515 SHSE:601968 SZSE:300057 SZSE:002303 BALL AVY PKG AMCR IP CCK WRK SZSE:002812 DUB:SK3 XSWX:SIGN
Traded in Other Exchanges
N/A
Address
YanQi Industrial Development Zone, Huai Rou District, Beijing, CHN, 101407
Website
https://www.orgtech.cn
ORG Technology Co Ltd is engaged in providing internet information services. The firm engages in offering technology development, technical services, technology testing; product design; economic and trade consultation; automatic identification and identification systems development and application; development and application of visualization and cargo tracking system; development and application of intelligent management system. Geographically it operates through China however it also holds a presence in the international market.
Executives
Zhang Shao Jun Executives
Zhou Yuan Director
Zhang Liang De Executives
Shen Tao Directors, executives
Zhou Yun Jie Director
Jiang Xian Da Supervisors
Huang Zhi Feng Supervisors
Chen Yu Fei Executives
Ma Bin Yun Supervisors
Wang Dong Directors, executives
Wu Duo Quan Executives
Gao Shu Jun Executives, directors
Chen Zhong Ge Supervisors
Zhao Yu Hui Directors, executives

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