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Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) Effective Interest Rate on Debt % : 38.00% (As of Mar. 2024)


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What is Shanxi Lu'an Environmental Energy Development 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. Shanxi Lu'an Environmental Energy Development Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥925 Mil. Shanxi Lu'an Environmental Energy Development Co's average total debt for the quarter that ended in Mar. 2024 was ¥2,433 Mil. Therefore, Shanxi Lu'an Environmental Energy Development Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 38.00%.


Shanxi Lu'an Environmental Energy Development Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shanxi Lu'an Environmental Energy Development 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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Shanxi Lu'an Environmental Energy Development Co Effective Interest Rate on Debt % Chart

Shanxi Lu'an Environmental Energy Development 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 7.85 6.73 6.90 7.76 9.58

Shanxi Lu'an Environmental Energy Development 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 20.90 -5.39 4.33 19.50 38.00

Competitive Comparison of Shanxi Lu'an Environmental Energy Development Co's Effective Interest Rate on Debt %

For the Thermal Coal subindustry, Shanxi Lu'an Environmental Energy Development 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.


Shanxi Lu'an Environmental Energy Development Co's Effective Interest Rate on Debt % Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Shanxi Lu'an Environmental Energy Development Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shanxi Lu'an Environmental Energy Development Co's Effective Interest Rate on Debt % falls into.



Shanxi Lu'an Environmental Energy Development Co Effective Interest Rate on Debt % Calculation

Shanxi Lu'an Environmental Energy Development 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  *  -400.754/( (6004.564+2361.984)/ 2 )
=-1  *  -400.754/4183.274
=9.58 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=932.706 + 5071.858
=6004.564

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=750.233 + 1611.751
=2361.984

Shanxi Lu'an Environmental Energy Development 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  *  -924.5/( (2361.984+2503.875)/ 2 )
=-1  *  -924.5/2432.9295
=38.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=750.233 + 1611.751
=2361.984

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1053.705 + 1450.17
=2503.875

* 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.


Shanxi Lu'an Environmental Energy Development Co  (SHSE:601699) Effective Interest Rate on Debt % Explanation

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


Shanxi Lu'an Environmental Energy Development Co Effective Interest Rate on Debt % Related Terms

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Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) Business Description

Traded in Other Exchanges
N/A
Address
North Street, No. 65, High - tech Development Zone, Shanxi Province, Changzhi, CHN, 046204
Based in Changzhi City, Shanxi Province, China, Lu'an first listed shares on the A-share market in 2006. As of late 2010, Lu'an Mining Industry Group held a 63.99% stake in Lu'an. Lu'an is mainly engaged in mining, washing, processing and distribution of coal. In 2010, the company produced 33.22 million tons of coals and sold CNY 18.2 billion worth of coal. The company's coal business had a gross margin of 47% in 2010.
Executives
Jia En Li senior management
Lv Chuan Tian Supervisors

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