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Inner Mongolia Yitai Coal Co (SHSE:900948) Effective Interest Rate on Debt % : 4.17% (As of Mar. 2024)


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What is Inner Mongolia Yitai Coal 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. Inner Mongolia Yitai Coal Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $103 Mil. Inner Mongolia Yitai Coal Co's average total debt for the quarter that ended in Mar. 2024 was $2,469 Mil. Therefore, Inner Mongolia Yitai Coal Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.17%.


Inner Mongolia Yitai Coal Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Inner Mongolia Yitai Coal 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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Inner Mongolia Yitai Coal Co Effective Interest Rate on Debt % Chart

Inner Mongolia Yitai Coal 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 4.14 4.89 5.36 4.47 4.59

Inner Mongolia Yitai Coal 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 4.79 4.31 4.31 4.68 4.17

Competitive Comparison of Inner Mongolia Yitai Coal Co's Effective Interest Rate on Debt %

For the Thermal Coal subindustry, Inner Mongolia Yitai Coal 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.


Inner Mongolia Yitai Coal Co's Effective Interest Rate on Debt % Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Inner Mongolia Yitai Coal Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Inner Mongolia Yitai Coal Co's Effective Interest Rate on Debt % falls into.



Inner Mongolia Yitai Coal Co Effective Interest Rate on Debt % Calculation

Inner Mongolia Yitai Coal 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  *  -103.825/( (2425.777+2102.919)/ 2 )
=-1  *  -103.825/2264.348
=4.59 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1964.07 + 461.707
=2425.777

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1577.229 + 525.69
=2102.919

Inner Mongolia Yitai Coal 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  *  -102.936/( (2102.919+2834.561)/ 2 )
=-1  *  -102.936/2468.74
=4.17 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1577.229 + 525.69
=2102.919

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1899.302 + 935.259
=2834.561

* 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.


Inner Mongolia Yitai Coal Co  (SHSE:900948) Effective Interest Rate on Debt % Explanation

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


Inner Mongolia Yitai Coal Co Effective Interest Rate on Debt % Related Terms

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Inner Mongolia Yitai Coal Co (SHSE:900948) Business Description

Traded in Other Exchanges
N/A
Address
North Tianjiao Road, Yitai Building, Inner Mongolia, Dongsheng District, Ordos, CHN, 017000
Inner Mongolia Yitai Coal Co Ltd is primarily engaged in coal mining, processing, and distribution, as well as the distribution of petroleum products. The company also provides railway transportation services and road transportation services, as well as a coal-related chemical business, hotel management and pharmaceutical manufacturing. The company directly owns and controls multiple mechanized coal mines and controls three main railways, namely the Zhundong Railway, Huzhun Railway and a special railway line for Suancigou Mine. Thermal coal provided by the company serves as fuel for various industries including thermal power, construction materials and chemicals.

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