China Datang Renewable Power Co (HKSE:01798) Effective Interest Rate on Debt % : 3.23% (As of Dec. 2023)

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What is China Datang Renewable Power 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. China Datang Renewable Power Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$1,909 Mil. China Datang Renewable Power Co's average total debt for the quarter that ended in Dec. 2023 was HK$59,145 Mil. Therefore, China Datang Renewable Power Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.23%.

China Datang Renewable Power Co Effective Interest Rate on Debt % Historical Data

The historical data trend for China Datang Renewable Power 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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China Datang Renewable Power Co Effective Interest Rate on Debt % Chart

China Datang Renewable Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.88

3.90

3.83

3.24

3.03

China Datang Renewable Power Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.12	-	3.05	3.23	2.84

Competitive Comparison of China Datang Renewable Power Co's Effective Interest Rate on Debt %

For the Utilities - Renewable subindustry, China Datang Renewable Power 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.

China Datang Renewable Power Co's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Datang Renewable Power Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Datang Renewable Power Co's Effective Interest Rate on Debt % falls into.

China Datang Renewable Power Co Effective Interest Rate on Debt % Calculation

China Datang Renewable Power 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 * -1877.014	/	( (61077.46	+	62731.125)	/ 2 )
=	-1 * -1877.014	/	61904.2925
=	3.03 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	51307.799	+	9769.661
=	61077.46

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50672.457	+	12058.668
=	62731.125

China Datang Renewable Power Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -1909.188	/	( (55558.96	+	62731.125)	/ 2 )
=	-1 * -1909.188	/	59145.0425
=	3.23 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54022.897	+	1536.063
=	55558.96

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50672.457	+	12058.668
=	62731.125

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

China Datang Renewable Power Co (HKSE:01798) Effective Interest Rate on Debt % Explanation

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

China Datang Renewable Power Co Effective Interest Rate on Debt % Related Terms

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China Datang Renewable Power Co (HKSE:01798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Datang Corp Renewable Power Co Ltd (HKSE:01798) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

DT7:Germany

Address

No. 1 Caishikou Street, 8/F, Building 1, Xicheng District, Beijing, CHN, 100053

Website

http://www.cdt-re.com

Datang Renewable is one of China's leading wind power operators, with installed wind capacity of 12.7 gigawatts as of the end of 2022, representing 3.5% of the nationwide wind capacity. About 89.4% of the total installed capacity is wind power. The company also operates solar and gas-fired power plants on a smaller scale. China Datang Group is the major shareholder with a controlling stake of 65.61%.

Executives

Blackrock, Inc.	2201 Interest of corporation controlled by you
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si	2102 Investment manager
Alliancebernstein L.p.	2201 Interest of corporation controlled by you
Bao-trans Enterprises Limited	2101 Beneficial owner
Bao Shan Gang Tie Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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