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Guangdong Xinbao Electrical Appliances Holdings Co (SZSE:002705) Effective Interest Rate on Debt % : 9.40% (As of Mar. 2024)


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What is Guangdong Xinbao Electrical Appliances Holdings 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. Guangdong Xinbao Electrical Appliances Holdings Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥86 Mil. Guangdong Xinbao Electrical Appliances Holdings Co's average total debt for the quarter that ended in Mar. 2024 was ¥912 Mil. Therefore, Guangdong Xinbao Electrical Appliances Holdings Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.40%.


Guangdong Xinbao Electrical Appliances Holdings Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Guangdong Xinbao Electrical Appliances Holdings 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.

Guangdong Xinbao Electrical Appliances Holdings Co Effective Interest Rate on Debt % Chart

Guangdong Xinbao Electrical Appliances Holdings 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 3.36 4.58 4.48 7.50 9.87

Guangdong Xinbao Electrical Appliances Holdings 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 6.23 7.40 10.33 11.38 9.40

Competitive Comparison of Guangdong Xinbao Electrical Appliances Holdings Co's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Guangdong Xinbao Electrical Appliances Holdings 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.


Guangdong Xinbao Electrical Appliances Holdings Co's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong Xinbao Electrical Appliances Holdings Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Guangdong Xinbao Electrical Appliances Holdings Co's Effective Interest Rate on Debt % falls into.



Guangdong Xinbao Electrical Appliances Holdings Co Effective Interest Rate on Debt % Calculation

Guangdong Xinbao Electrical Appliances Holdings 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  *  -88.293/( (947.073+842.004)/ 2 )
=-1  *  -88.293/894.5385
=9.87 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=719.679 + 227.394
=947.073

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=126.466 + 715.538
=842.004

Guangdong Xinbao Electrical Appliances Holdings 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  *  -85.704/( (842.004+981.285)/ 2 )
=-1  *  -85.704/911.6445
=9.40 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=126.466 + 715.538
=842.004

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=166.542 + 814.743
=981.285

* 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.


Guangdong Xinbao Electrical Appliances Holdings Co  (SZSE:002705) Effective Interest Rate on Debt % Explanation

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


Guangdong Xinbao Electrical Appliances Holdings Co Effective Interest Rate on Debt % Related Terms

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Guangdong Xinbao Electrical Appliances Holdings Co (SZSE:002705) Business Description

Traded in Other Exchanges
N/A
Address
Longzhou Road, Shunde District, Guangdong, Leliu Town, Foshan, CHN, 528322
Guangdong Xinbao Electrical Appliances Holdings Co Ltd is a Chinese company engaged in the manufacturing, developing and selling kitchen electrical appliances, home appliances, electronic components and baby electrical appliances. The product portfolio of the company includes electric kettle, coffee maker, hand mixer, blender, toaster, bread maker, steam station, among others. The company sells the products under its own brand, Donlim. It sells its products in China, and also exports it to other countries.
Executives
Wang Wei Directors, executives
Li Ya Ping Supervisors
Zhu Xiao Mei Directors, executives
Ceng Zhan Hui Directors, executives
Yang Fang Xin Directors, executives
Kang Xing Zhuang Supervisors
Guo Jian Gang Director
Huang De Cai Executives
He De Hong Executives
Wen Chao Dong Director
Tong Yong Hua Executives
Zhang Jun Supervisors
Fang Xun Executives
Lan Ping Qing Executives
Pan Wei Dong Supervisors

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