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Zhejiang Jinke Tom Culture Industry Co (SZSE:300459) Effective Interest Rate on Debt % : 6.53% (As of Mar. 2024)


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What is Zhejiang Jinke Tom Culture Industry 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. Zhejiang Jinke Tom Culture Industry Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥117 Mil. Zhejiang Jinke Tom Culture Industry Co's average total debt for the quarter that ended in Mar. 2024 was ¥1,794 Mil. Therefore, Zhejiang Jinke Tom Culture Industry Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.53%.


Zhejiang Jinke Tom Culture Industry Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhejiang Jinke Tom Culture Industry 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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Zhejiang Jinke Tom Culture Industry Co Effective Interest Rate on Debt % Chart

Zhejiang Jinke Tom Culture Industry 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 5.21 4.39 4.44 4.84 6.37

Zhejiang Jinke Tom Culture Industry 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 5.84 6.92 5.91 6.92 6.53

Competitive Comparison of Zhejiang Jinke Tom Culture Industry Co's Effective Interest Rate on Debt %

For the Electronic Gaming & Multimedia subindustry, Zhejiang Jinke Tom Culture Industry 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.


Zhejiang Jinke Tom Culture Industry Co's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Zhejiang Jinke Tom Culture Industry Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zhejiang Jinke Tom Culture Industry Co's Effective Interest Rate on Debt % falls into.



Zhejiang Jinke Tom Culture Industry Co Effective Interest Rate on Debt % Calculation

Zhejiang Jinke Tom Culture Industry 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  *  -108.973/( (1691.832+1727.565)/ 2 )
=-1  *  -108.973/1709.6985
=6.37 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=406.62 + 1285.212
=1691.832

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=514.052 + 1213.513
=1727.565

Zhejiang Jinke Tom Culture Industry 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  *  -117.1/( (1727.565+1861.292)/ 2 )
=-1  *  -117.1/1794.4285
=6.53 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=514.052 + 1213.513
=1727.565

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=451.558 + 1409.734
=1861.292

* 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.


Zhejiang Jinke Tom Culture Industry Co  (SZSE:300459) Effective Interest Rate on Debt % Explanation

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


Zhejiang Jinke Tom Culture Industry Co Effective Interest Rate on Debt % Related Terms

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Zhejiang Jinke Tom Culture Industry Co (SZSE:300459) Business Description

Traded in Other Exchanges
N/A
Address
No. 299 Pingyi Road, Qianjiang Century City, 36th Floor, Zhejiang Chamber of Commerce Building, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 311215
Zhejiang Jinke Culture Industry Co Ltd is a China-based internet high-tech company engaged in the research and development, distribution, internet education, film and television animation and other related activities. In addition, it is also involved in offering chemical raw materials. The business segments of the company are Mobile internet culture and Fine chemical new materials.
Executives
Zhu Zhi Gang Director
Wang Jian Director
Zhu Tian Directors, executives
Ding Ning Supervisors
Wei Hong Tao Directors, executives
Zhang Wei Xin Directors, executives
Ge Min Hai Director

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