SAIC Motor (SHSE:600104) Effective Interest Rate on Debt % : 1.91% (As of Mar. 2024)

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What is SAIC Motor 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. SAIC Motor's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥3,795 Mil. SAIC Motor's average total debt for the quarter that ended in Mar. 2024 was ¥198,309 Mil. Therefore, SAIC Motor's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.91%.

SAIC Motor Effective Interest Rate on Debt % Historical Data

The historical data trend for SAIC Motor'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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SAIC Motor Effective Interest Rate on Debt % Chart

SAIC Motor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.60

1.41

1.25

1.52

1.51

SAIC Motor 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															1.76	1.71	1.83	1.25	1.91

Competitive Comparison of SAIC Motor's Effective Interest Rate on Debt %

For the Auto Manufacturers subindustry, SAIC Motor'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.

SAIC Motor's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SAIC Motor's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where SAIC Motor's Effective Interest Rate on Debt % falls into.

SAIC Motor Effective Interest Rate on Debt % Calculation

SAIC Motor'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 * -2985.951	/	( (201810.035	+	194950.88)	/ 2 )
=	-1 * -2985.951	/	198380.4575
=	1.51 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	60424.686	+	141385.349
=	201810.035

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	73544.118	+	121406.762
=	194950.88

SAIC Motor'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 * -3794.616	/	( (194950.88	+	201666.985)	/ 2 )
=	-1 * -3794.616	/	198308.9325
=	1.91 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	73544.118	+	121406.762
=	194950.88

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	73455.965	+	128211.02
=	201666.985

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.

SAIC Motor (SHSE:600104) Effective Interest Rate on Debt % Explanation

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

SAIC Motor Effective Interest Rate on Debt % Related Terms

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SAIC Motor (SHSE:600104) Business Description

Industry

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Address

489 Weihai Road, Shanghai, CHN, 200041

Website

http://www.saicmotor.com

SAIC Motor Corp Ltd builds and sells passenger cars and commercial vehicles. It is exploring intelligent driving technology research and industrialization of exploration. It is engaged in the research, production, and sales of parts for motor drive systems, chassis systems, batteries, electric drives, power electronics, and other new energy vehicles. Further, it is also involved in auto-related services such as logistics, e-commerce, travel, energy saving, and charging services; auto-related finance, insurance, and investment services; and the layout of industries of big data and artificial intelligence.

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