CIMCfeway Technologies Co (SZSE:301559) Effective Interest Rate on Debt % : 5.63% (As of Mar. 2024)

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What is CIMCfeway Technologies 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. CIMCfeway Technologies Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥7 Mil. CIMCfeway Technologies Co's average total debt for the quarter that ended in Mar. 2024 was ¥119 Mil. Therefore, CIMCfeway Technologies Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.63%.

CIMCfeway Technologies Co Effective Interest Rate on Debt % Historical Data

The historical data trend for CIMCfeway Technologies 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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CIMCfeway Technologies Co Effective Interest Rate on Debt % Chart

CIMCfeway Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

17.36

23.67

19.22

6.81

4.19

CIMCfeway Technologies Co 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									4.15	4.16	4.20	3.99	5.63

Competitive Comparison of CIMCfeway Technologies Co's Effective Interest Rate on Debt %

For the Packaging & Containers subindustry, CIMCfeway Technologies 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.

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

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

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

CIMCfeway Technologies Co Effective Interest Rate on Debt % Calculation

CIMCfeway Technologies 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 * -5.219	/	( (127.635	+	121.487)	/ 2 )
=	-1 * -5.219	/	124.561
=	4.19 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	109.039	+	18.596
=	127.635

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	76.303	+	45.184
=	121.487

CIMCfeway Technologies 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 * -6.708	/	( (121.487	+	116.74)	/ 2 )
=	-1 * -6.708	/	119.1135
=	5.63 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	76.303	+	45.184
=	121.487

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	71.497	+	45.243
=	116.74

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.

CIMCfeway Technologies Co (SZSE:301559) Effective Interest Rate on Debt % Explanation

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

CIMCfeway Technologies Co Effective Interest Rate on Debt % Related Terms

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CIMCfeway Technologies Co (SZSE:301559) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » CIMC Safeway Technologies Co Ltd (SZSE:301559) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 159, Chenggang Road, Jiangsu, Nantong, CHN, 226003

Website

https://www.cimctank.com

CIMC Safeway Technologies Co Ltd is engaged in the Design, development, manufacturing and sales of tank containers.

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