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Chongqing Changan Automobile Co (SZSE:000625) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Chongqing Changan Automobile 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. Chongqing Changan Automobile Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥0 Mil. Chongqing Changan Automobile Co's average total debt for the quarter that ended in Mar. 2024 was ¥1,317 Mil. Therefore, Chongqing Changan Automobile Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.


Chongqing Changan Automobile Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Chongqing Changan Automobile 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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Chongqing Changan Automobile Co Effective Interest Rate on Debt % Chart

Chongqing Changan Automobile 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 16.66 4.73 3.14 3.04 3.95

Chongqing Changan Automobile 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 - - - - -

Competitive Comparison of Chongqing Changan Automobile Co's Effective Interest Rate on Debt %

For the Auto Manufacturers subindustry, Chongqing Changan Automobile 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.


Chongqing Changan Automobile Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chongqing Changan Automobile Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Chongqing Changan Automobile Co's Effective Interest Rate on Debt % falls into.



Chongqing Changan Automobile Co Effective Interest Rate on Debt % Calculation

Chongqing Changan Automobile 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  *  -65.658/( (2010.458+1315.978)/ 2 )
=-1  *  -65.658/1663.218
=3.95 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1095.734 + 914.724
=2010.458

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1205.862 + 110.116
=1315.978

Chongqing Changan Automobile 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  *  0/( (1315.978+1317.459)/ 2 )
=-1  *  0/1316.7185
=0.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1205.862 + 110.116
=1315.978

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1148.034 + 169.425
=1317.459

* 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.


Chongqing Changan Automobile Co  (SZSE:000625) Effective Interest Rate on Debt % Explanation

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


Chongqing Changan Automobile Co Effective Interest Rate on Debt % Related Terms

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Chongqing Changan Automobile Co (SZSE:000625) Business Description

Traded in Other Exchanges
Address
No. 260, East Jianxin Road, Jiangbei District, Chongqing, CHN, 400023
Chongqing Changan Automobile Co Ltd is engaged in automobile manufacturing. It has 14 production bases and 33 vehicle, engine and transmission factories around the world. The company has a vast majority of engineering and technical personnel around the world and has established Chongqing, Beijing, Hebei Dingzhou, Anhui Hefei, Italy Turin, Japan Yokohama, UK Birmingham, us Detroit and Germany Munich. It has a professional automobile R&D process system and test verification system to ensure that each product can meet the needs of its users. The company has launched CS series, Eado series, UNI series and other products. In the field of intelligence, the Beidou Tianshu Plan provides users with a four-hearted car platform that is safe, happy, caring, and worry-free.
Executives
Yang Xin Min Independent director
Luo Yan Supervisors
Li Qing Wen Independent director
Yuan Ming Xue Executives
Fan Chao Dong Supervisors
Li Jun Secretary Dong
Liu Bo Executives
Dong Yang Independent director
Zhu Hua Rong Directors, executives
Chen Ling Tao Supervisors
Wang Jun Executives
Song Jia Executives
Cui Yun Jiang Directors, executives
Du Yi Executives
Zhao Lu Chuan Director

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