GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Northern Rare Earth (Group) High-Tech Co Ltd (SHSE:600111) » Definitions » Effective Interest Rate on Debt %

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Effective Interest Rate on Debt % : 3.56% (As of Mar. 2024)


View and export this data going back to 1997. Start your Free Trial

What is China Northern Rare Earth (Group) High-Tech 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 Northern Rare Earth (Group) High-Tech Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥265 Mil. China Northern Rare Earth (Group) High-Tech Co's average total debt for the quarter that ended in Mar. 2024 was ¥7,442 Mil. Therefore, China Northern Rare Earth (Group) High-Tech Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.56%.


China Northern Rare Earth (Group) High-Tech Co Effective Interest Rate on Debt % Historical Data

The historical data trend for China Northern Rare Earth (Group) High-Tech 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.

* Premium members only.

China Northern Rare Earth (Group) High-Tech Co Effective Interest Rate on Debt % Chart

China Northern Rare Earth (Group) High-Tech 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 4.72 4.71 4.38 4.19 3.83

China Northern Rare Earth (Group) High-Tech 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 4.22 2.24 4.91 3.14 3.56

Competitive Comparison of China Northern Rare Earth (Group) High-Tech Co's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, China Northern Rare Earth (Group) High-Tech 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 Northern Rare Earth (Group) High-Tech Co's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, China Northern Rare Earth (Group) High-Tech Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Northern Rare Earth (Group) High-Tech Co's Effective Interest Rate on Debt % falls into.



China Northern Rare Earth (Group) High-Tech Co Effective Interest Rate on Debt % Calculation

China Northern Rare Earth (Group) High-Tech 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  *  -250.727/( (6102.261+6983.776)/ 2 )
=-1  *  -250.727/6543.0185
=3.83 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1818.107 + 4284.154
=6102.261

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3297.592 + 3686.184
=6983.776

China Northern Rare Earth (Group) High-Tech 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  *  -265.292/( (6983.776+7901.185)/ 2 )
=-1  *  -265.292/7442.4805
=3.56 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3297.592 + 3686.184
=6983.776

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3602.324 + 4298.861
=7901.185

* 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.


China Northern Rare Earth (Group) High-Tech Co  (SHSE:600111) Effective Interest Rate on Debt % Explanation

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


China Northern Rare Earth (Group) High-Tech Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of China Northern Rare Earth (Group) High-Tech Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Business Description

Traded in Other Exchanges
N/A
Address
No. 83 Huanghe Street, Baotou Rare Earth Hi-tech Industrial Development Zone, Inner Mongolia Autonomous Region, Baotou, CHN, 014030
China Northern Rare Earth (Group) High-Tech Co Ltd is a China-based company operating in a non-ferrous metal smelting and rolling processing industry. It refines and sells rare earth minerals and resources.
Executives
Wang Chen senior management
Zhang Ri Hui Director
Yu Ying Wu senior management
Yang Zhan Feng Director
Duan Li Feng Supervisors
Xia Xue Wen Supervisors
Zhao Dian Qing Director
Wang Zhan Cheng Director
Xing Li Guang Director
Zhao De Gui Director
Li Jin Ling Director
Liu Yi senior management
Huang Li Dong Supervisors
Meng Zhi Quan Director
Zhao Zhi Hua Supervisors

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Headlines

No Headlines