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Sinomine Resource Group Co (SZSE:002738) Effective Interest Rate on Debt % : 9.14% (As of Mar. 2024)


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What is Sinomine Resource Group 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. Sinomine Resource Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥136 Mil. Sinomine Resource Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥1,493 Mil. Therefore, Sinomine Resource Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.14%.


Sinomine Resource Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sinomine Resource Group 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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Sinomine Resource Group Co Effective Interest Rate on Debt % Chart

Sinomine Resource Group 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 11.97 7.50 3.25 4.22 5.57

Sinomine Resource Group 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 3.89 4.09 2.22 10.78 9.14

Competitive Comparison of Sinomine Resource Group Co's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Sinomine Resource Group 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.


Sinomine Resource Group Co's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sinomine Resource Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sinomine Resource Group Co's Effective Interest Rate on Debt % falls into.



Sinomine Resource Group Co Effective Interest Rate on Debt % Calculation

Sinomine Resource Group 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  *  -101.101/( (1976.162+1651.852)/ 2 )
=-1  *  -101.101/1814.007
=5.57 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=896.202 + 1079.96
=1976.162

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=572.057 + 1079.795
=1651.852

Sinomine Resource Group 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  *  -136.456/( (1651.852+1334.532)/ 2 )
=-1  *  -136.456/1493.192
=9.14 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=572.057 + 1079.795
=1651.852

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=477.182 + 857.35
=1334.532

* 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.


Sinomine Resource Group Co  (SZSE:002738) Effective Interest Rate on Debt % Explanation

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


Sinomine Resource Group Co Effective Interest Rate on Debt % Related Terms

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Sinomine Resource Group Co (SZSE:002738) Business Description

Traded in Other Exchanges
N/A
Address
11 Changchunqiao Road, Floor 5, Building A, Wanliuyicheng Plaza, Haidian District, Beijing, CHN, 100089
Sinomine Resource Group Co Ltd is a mineral exploration engineering technical service company. Its business is divided into various divisions such as Geological Exploration, Mining Investment, International Engineering, and Trading Business. Some of its project profile include Open Pit in Hopewell Chromite Project in Zimbabe, Caofeidian Project of Shougang Group, Sutong Bridge Large Diameter Pile Foundation Project, Backfill Station of Main Orebody of Chambishi Copper Mine Construction Project, and others.
Executives
Zhang Jin Wei Directors, Directors, and Executives
Wang Zhen Hua Executives
Jiang Yan Long Executives
Zhang Xue Shu Executives
Wang Ping Wei Directors, executives
Sun Mei Chun Director
Wei Yun Feng Director
Wang Fang Miao Director
Ou Xue Gang Director
Xiao Xiao Xia Directors, executives
Huang Ren Jing Securities Affairs Representative
Chen Hai Zhou Director
Liu Xin Guo Director
Lin Fen Supervisors
Fu Chao Yi Executives

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