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Tongling Nonferrous Metals Group Co (SZSE:000630) Effective Interest Rate on Debt % : 3.34% (As of Mar. 2024)


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What is Tongling Nonferrous Metals 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. Tongling Nonferrous Metals Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥819 Mil. Tongling Nonferrous Metals Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥24,481 Mil. Therefore, Tongling Nonferrous Metals Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.34%.


Tongling Nonferrous Metals Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Tongling Nonferrous Metals 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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Tongling Nonferrous Metals Group Co Effective Interest Rate on Debt % Chart

Tongling Nonferrous Metals 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 5.11 4.22 4.65 2.84 4.35

Tongling Nonferrous Metals 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 5.03 1.33 6.86 4.87 3.34

Competitive Comparison of Tongling Nonferrous Metals Group Co's Effective Interest Rate on Debt %

For the Copper subindustry, Tongling Nonferrous Metals 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.


Tongling Nonferrous Metals Group Co's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tongling Nonferrous Metals Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Tongling Nonferrous Metals Group Co Effective Interest Rate on Debt % Calculation

Tongling Nonferrous Metals 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  *  -1028.32/( (23059.203+24263.071)/ 2 )
=-1  *  -1028.32/23661.137
=4.35 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7455.601 + 15603.602
=23059.203

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12106.971 + 12156.1
=24263.071

Tongling Nonferrous Metals 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  *  -818.66/( (24263.071+24698.462)/ 2 )
=-1  *  -818.66/24480.7665
=3.34 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12106.971 + 12156.1
=24263.071

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12000.305 + 12698.157
=24698.462

* 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.


Tongling Nonferrous Metals Group Co  (SZSE:000630) Effective Interest Rate on Debt % Explanation

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


Tongling Nonferrous Metals Group Co Effective Interest Rate on Debt % Related Terms

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Tongling Nonferrous Metals Group Co (SZSE:000630) Business Description

Traded in Other Exchanges
N/A
Address
Changjiang West Road, West Building, Nonferrous Courtyard, Anhui Province, Tongling, CHN, 244000
Tongling Nonferrous Metals Group Co Ltd is engaged in the business of copper exploration, mining, smelting and deep processing. Its product include cathode copper, gold, silver, and copper, Wire, copper strip and copper foil. The company operates in more than 30 countries. Its products are used in electric power, construction, automotive, home appliances, electronics, and defense.
Executives
Jiang Pei Jin Directors, executives
Wu He Ping Secretary, Director
Liu Dao Kun Executives
Zhou Jun Director
Zou Xian Ji Supervisors
Xu Wu Qi Director
Yang Li Sheng Executives
Fang Wen Sheng Executives
Dai Sheng Hong Supervisors
Liu Jian She Executives
Song Xiu Ming Executives
Wei Jiang Hong Director
Yang Jun Directors, executives
Zhan De Guang Executives
Wu Guo Zhong Director

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