Hbis Co (SZSE:000709) Effective Interest Rate on Debt % : 5.26% (As of Mar. 2024)

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What is Hbis 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. Hbis Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥6,375 Mil. Hbis Co's average total debt for the quarter that ended in Mar. 2024 was ¥121,171 Mil. Therefore, Hbis Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.26%.

Hbis Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hbis 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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Hbis Co Effective Interest Rate on Debt % Chart

Hbis Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.77

4.85

5.32

4.50

4.35

Hbis 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															5.18	4.69	4.33	3.73	5.26

Competitive Comparison of Hbis Co's Effective Interest Rate on Debt %

For the Steel subindustry, Hbis 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.

Hbis Co's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hbis Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Hbis Co Effective Interest Rate on Debt % Calculation

Hbis 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 * -5140.91	/	( (112898.866	+	123374.514)	/ 2 )
=	-1 * -5140.91	/	118136.69
=	4.35 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26947.591	+	85951.275
=	112898.866

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35695.479	+	87679.035
=	123374.514

Hbis 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 * -6375.436	/	( (123374.514	+	118967.635)	/ 2 )
=	-1 * -6375.436	/	121171.0745
=	5.26 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35695.479	+	87679.035
=	123374.514

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36919.063	+	82048.572
=	118967.635

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.

Hbis Co (SZSE:000709) Effective Interest Rate on Debt % Explanation

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

Hbis Co Effective Interest Rate on Debt % Related Terms

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Hbis Co (SZSE:000709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hbis Co Ltd (SZSE:000709) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 385, Sports South Avenue, Hebei, Shijiazhuang, CHN, 050023

Website

http://www.hbisco.com

Hbis Co Ltd is engaged in iron and steel business. The Company is also into finance, leasing, and logistics business.

Executives

Wang Xin Dong	Director
Xing Qiang	Supervisors
Chu Jian Dong	Director
Shi Dong Ri	Executives
Zhang Chun Hua	Supervisors
Li Yan Ping	Supervisors
Wang An	Executives
Zhou He Yun	Director
Xu Guo Feng	Director

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