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China Aerospace Times Electronic Co (SHSE:600879) Effective Interest Rate on Debt % : 4.11% (As of Mar. 2024)


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What is China Aerospace Times Electronic 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 Aerospace Times Electronic Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥160 Mil. China Aerospace Times Electronic Co's average total debt for the quarter that ended in Mar. 2024 was ¥3,886 Mil. Therefore, China Aerospace Times Electronic Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.11%.


China Aerospace Times Electronic Co Effective Interest Rate on Debt % Historical Data

The historical data trend for China Aerospace Times Electronic 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 Aerospace Times Electronic Co Effective Interest Rate on Debt % Chart

China Aerospace Times Electronic 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 5.09 5.58 5.62 3.98 3.52

China Aerospace Times Electronic 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 3.30 3.39 3.94 3.33 4.11

Competitive Comparison of China Aerospace Times Electronic Co's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, China Aerospace Times Electronic 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 Aerospace Times Electronic Co's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, China Aerospace Times Electronic Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



China Aerospace Times Electronic Co Effective Interest Rate on Debt % Calculation

China Aerospace Times Electronic 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  *  -178.479/( (5803.545+4330.513)/ 2 )
=-1  *  -178.479/5067.029
=3.52 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=489.694 + 5313.851
=5803.545

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=88.893 + 4241.62
=4330.513

China Aerospace Times Electronic 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  *  -159.92/( (4330.513+3442.047)/ 2 )
=-1  *  -159.92/3886.28
=4.11 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=88.893 + 4241.62
=4330.513

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=226.218 + 3215.829
=3442.047

* 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 Aerospace Times Electronic Co  (SHSE:600879) Effective Interest Rate on Debt % Explanation

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


China Aerospace Times Electronic Co Effective Interest Rate on Debt % Related Terms

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China Aerospace Times Electronic Co (SHSE:600879) Business Description

Traded in Other Exchanges
N/A
Address
Plant 22MB, High-Tech Park, Economic Technology Development District, Wuhan, CHN, 430056
China Aerospace Times Electronic Co Ltd is a China-based company. It engaged in the manufacturing and distribution of aerospace electronic products. Its products include satellite applications, inertial navigation, Integrated circuit, Drone.
Executives
Gai Hong Bin senior management
He Ping senior management
Wang Zhan Chen Director
Wang Zong Yin Director
Zhang Xian Cai senior management
Wu Yuan Qiang Director
Pei Ai Jun Supervisors

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