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Jointown Pharmaceutical Group Co (SHSE:600998) Effective Interest Rate on Debt % : 8.17% (As of Mar. 2024)


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What is Jointown Pharmaceutical Group 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. Jointown Pharmaceutical Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥1,262 Mil. Jointown Pharmaceutical Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥15,441 Mil. Therefore, Jointown Pharmaceutical Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.17%.


Jointown Pharmaceutical Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Jointown Pharmaceutical Group 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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Jointown Pharmaceutical Group Co Effective Interest Rate on Debt % Chart

Jointown Pharmaceutical Group 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 9.38 6.33 6.56 7.59 8.80

Jointown Pharmaceutical Group 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 8.43 7.94 8.57 7.40 8.17

Competitive Comparison of Jointown Pharmaceutical Group Co's Effective Interest Rate on Debt %

For the Pharmaceutical Retailers subindustry, Jointown Pharmaceutical Group 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.


Jointown Pharmaceutical Group Co's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Jointown Pharmaceutical Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Jointown Pharmaceutical Group Co's Effective Interest Rate on Debt % falls into.



Jointown Pharmaceutical Group Co Effective Interest Rate on Debt % Calculation

Jointown Pharmaceutical Group 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  *  -1317.638/( (15201.617+14748.51)/ 2 )
=-1  *  -1317.638/14975.0635
=8.80 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3176.112 + 12025.505
=15201.617

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2507.072 + 12241.438
=14748.51

Jointown Pharmaceutical Group 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  *  -1262.144/( (14748.51+16132.818)/ 2 )
=-1  *  -1262.144/15440.664
=8.17 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2507.072 + 12241.438
=14748.51

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2179.945 + 13952.873
=16132.818

* 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.


Jointown Pharmaceutical Group Co  (SHSE:600998) Effective Interest Rate on Debt % Explanation

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


Jointown Pharmaceutical Group Co Effective Interest Rate on Debt % Related Terms

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Jointown Pharmaceutical Group Co (SHSE:600998) Business Description

Traded in Other Exchanges
N/A
Address
No 8 Longyang Road, Hanyang District, Wuhan, CHN, 430051
Jointown Pharmaceutical Group Co Ltd is engaged in the business of wholesaling drugs and medical devices. The company offers logistics and other value-added services and primarily serves medical institutions, wholesale enterprises, and retail pharmacies.
Executives
Liu Yi Chang Director
Ai Hua Director
Wang Qi Bing senior management
Gong Yi Hua Directors, senior managers
Lin Xin Yang Directors, senior managers
Yang Ju Mei senior management
Chen Qi Ming Directors, senior managers
Chen Li Supervisors
Guo Lei senior management
Liu Su Fang senior management
Xu Ming Zhen senior management
Chen Song Bai senior management
Huang Li Hua senior management
Wang Jia Ming senior management
Chen Bo senior management

Jointown Pharmaceutical Group Co (SHSE:600998) Headlines

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