Zhejiang Natural Outdoor Goods (SHSE:605080) Effective Interest Rate on Debt % : 1.47% (As of Mar. 2024)

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What is Zhejiang Natural Outdoor Goods 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. Zhejiang Natural Outdoor Goods's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥1.6 Mil. Zhejiang Natural Outdoor Goods's average total debt for the quarter that ended in Mar. 2024 was ¥110.7 Mil. Therefore, Zhejiang Natural Outdoor Goods's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.47%.

Zhejiang Natural Outdoor Goods Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhejiang Natural Outdoor Goods'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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Zhejiang Natural Outdoor Goods Effective Interest Rate on Debt % Chart

Zhejiang Natural Outdoor Goods Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.72

5.17

0.10

4.41

6.65

Zhejiang Natural Outdoor Goods Quarterly Data
	Dec18	Jun19	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															3.88	21.83	2.65	5.89	1.47

Competitive Comparison of Zhejiang Natural Outdoor Goods's Effective Interest Rate on Debt %

For the Leisure subindustry, Zhejiang Natural Outdoor Goods'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.

Zhejiang Natural Outdoor Goods's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Zhejiang Natural Outdoor Goods's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zhejiang Natural Outdoor Goods's Effective Interest Rate on Debt % falls into.

Zhejiang Natural Outdoor Goods Effective Interest Rate on Debt % Calculation

Zhejiang Natural Outdoor Goods'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 * -1.214	/	( (6.437	+	30.071)	/ 2 )
=	-1 * -1.214	/	18.254
=	6.65 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.611	+	1.826
=	6.437

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.711	+	4.36
=	30.071

Zhejiang Natural Outdoor Goods'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 * -1.624	/	( (30.071	+	191.394)	/ 2 )
=	-1 * -1.624	/	110.7325
=	1.47 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.711	+	4.36
=	30.071

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.716	+	165.678
=	191.394

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.

Zhejiang Natural Outdoor Goods (SHSE:605080) Effective Interest Rate on Debt % Explanation

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

Zhejiang Natural Outdoor Goods Effective Interest Rate on Debt % Related Terms

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Zhejiang Natural Outdoor Goods (SHSE:605080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Zhejiang Natural Outdoor Goods Inc (SHSE:605080) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Xiacao Village, Pingqiao Town, Tiantai County, Zhejiang Province, Taizhou, CHN, 317203

Website

http://www.zjnature.com

Zhejiang Nature Outdoor Products Co Ltd is engaged in the research and development, design, production and sales of outdoor sports products such as inflatable mattresses, outdoor luggage, headrest cushions and others.

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