China Enterprise Co (SHSE:600675) Effective Interest Rate on Debt % : 3.93% (As of Mar. 2024)

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What is China Enterprise 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 Enterprise Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥950 Mil. China Enterprise Co's average total debt for the quarter that ended in Mar. 2024 was ¥24,166 Mil. Therefore, China Enterprise Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.93%.

China Enterprise Co Effective Interest Rate on Debt % Historical Data

The historical data trend for China Enterprise 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 Enterprise Co Effective Interest Rate on Debt % Chart

China Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.08

3.79

4.07

4.28

4.46

China Enterprise 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															4.03	4.26	4.26	4.52	3.93

Competitive Comparison of China Enterprise Co's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, China Enterprise 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 Enterprise Co's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Enterprise Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

China Enterprise Co Effective Interest Rate on Debt % Calculation

China Enterprise 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 * -1023.736	/	( (21806.509	+	24118.607)	/ 2 )
=	-1 * -1023.736	/	22962.558
=	4.46 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20254.868	+	1551.641
=	21806.509

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15688.522	+	8430.085
=	24118.607

China Enterprise 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 * -950.472	/	( (24118.607	+	24213.678)	/ 2 )
=	-1 * -950.472	/	24166.1425
=	3.93 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15688.522	+	8430.085
=	24118.607

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15830.042	+	8383.636
=	24213.678

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 Enterprise Co (SHSE:600675) Effective Interest Rate on Debt % Explanation

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

China Enterprise Co Effective Interest Rate on Debt % Related Terms

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China Enterprise Co (SHSE:600675) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Enterprise Co Ltd (SHSE:600675) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 2 Huashan Road, Shanghai, CHN, 200125

Website

http://www.cecl.com.cn

China Enterprise Co Ltd is principally engaged in the development and operation of real estate. The company provides housing renovation, housing loans, real estate brokerage, and other services. China Enterprise also provides repair services.

Executives

Wang Bin	Director
Dong Hong	senior management
Yin Xue Qing	senior management
Zhong Yi Ming	senior management
Ni Bo Shi	senior management
Tang Zhe	Supervisors
Ling Xiao Jie	senior management
Lu Yun Feng	senior management
Dai Zhi Wei	Director
Chen Li	Supervisors
Jiang Wei	Director
Zhu Sheng Jie	Director
Sun Yi	senior management
Zhang Di Ming	Supervisors
Li Min	senior management

China Enterprise Co (SHSE:600675) Headlines

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