Chongqing Polycomp International (SZSE:301526) Effective Interest Rate on Debt % : 2.89% (As of Mar. 2024)

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What is Chongqing Polycomp International 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. Chongqing Polycomp International's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥329 Mil. Chongqing Polycomp International's average total debt for the quarter that ended in Mar. 2024 was ¥11,382 Mil. Therefore, Chongqing Polycomp International's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.89%.

Chongqing Polycomp International Effective Interest Rate on Debt % Historical Data

The historical data trend for Chongqing Polycomp International'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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Chongqing Polycomp International Effective Interest Rate on Debt % Chart

Chongqing Polycomp International Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.25

6.51

4.95

3.82

3.37

Chongqing Polycomp International Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									3.13	3.92	2.90	3.62	2.89

Competitive Comparison of Chongqing Polycomp International's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, Chongqing Polycomp International'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.

Chongqing Polycomp International's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Chongqing Polycomp International's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Chongqing Polycomp International's Effective Interest Rate on Debt % falls into.

Chongqing Polycomp International Effective Interest Rate on Debt % Calculation

Chongqing Polycomp International'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 * -356.672	/	( (9785.317	+	11389.059)	/ 2 )
=	-1 * -356.672	/	10587.188
=	3.37 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3423.392	+	6361.925
=	9785.317

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4667.251	+	6721.808
=	11389.059

Chongqing Polycomp International'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 * -328.96	/	( (11389.059	+	11374.51)	/ 2 )
=	-1 * -328.96	/	11381.7845
=	2.89 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4667.251	+	6721.808
=	11389.059

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4543.27	+	6831.24
=	11374.51

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.

Chongqing Polycomp International (SZSE:301526) Effective Interest Rate on Debt % Explanation

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

Chongqing Polycomp International Effective Interest Rate on Debt % Related Terms

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Chongqing Polycomp International (SZSE:301526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Chongqing Polycomp International Corp (SZSE:301526) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

Area B, Jianqiao Industrial Park, Dadukou, Chongqing, CHN, 400082

Website

https://www.cpicfiber.com

Chongqing Polycomp International Corp is engaged in research & development, production and sales of glass fiber and its products.

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