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Zhejiang Double Arrow Rubber Co (SZSE:002381) Effective Interest Rate on Debt % : 3.60% (As of Mar. 2024)


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What is Zhejiang Double Arrow Rubber 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. Zhejiang Double Arrow Rubber Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥22 Mil. Zhejiang Double Arrow Rubber Co's average total debt for the quarter that ended in Mar. 2024 was ¥621 Mil. Therefore, Zhejiang Double Arrow Rubber Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.60%.


Zhejiang Double Arrow Rubber Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhejiang Double Arrow Rubber 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.

* Premium members only.

Zhejiang Double Arrow Rubber Co Effective Interest Rate on Debt % Chart

Zhejiang Double Arrow Rubber 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 4.88 2.37 4.95 6.16 3.85

Zhejiang Double Arrow Rubber 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 3.96 3.98 3.94 3.81 3.60

Competitive Comparison of Zhejiang Double Arrow Rubber Co's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Zhejiang Double Arrow Rubber 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.


Zhejiang Double Arrow Rubber Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Double Arrow Rubber Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zhejiang Double Arrow Rubber Co's Effective Interest Rate on Debt % falls into.



Zhejiang Double Arrow Rubber Co Effective Interest Rate on Debt % Calculation

Zhejiang Double Arrow Rubber 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  *  -22.64/( (586.376+589.602)/ 2 )
=-1  *  -22.64/587.989
=3.85 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=540.558 + 45.818
=586.376

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=579.245 + 10.357
=589.602

Zhejiang Double Arrow Rubber 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  *  -22.36/( (589.602+651.491)/ 2 )
=-1  *  -22.36/620.5465
=3.60 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=579.245 + 10.357
=589.602

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=631.713 + 19.778
=651.491

* 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.


Zhejiang Double Arrow Rubber Co  (SZSE:002381) Effective Interest Rate on Debt % Explanation

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


Zhejiang Double Arrow Rubber Co Effective Interest Rate on Debt % Related Terms

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Zhejiang Double Arrow Rubber Co (SZSE:002381) Business Description

Traded in Other Exchanges
N/A
Address
Zhou Quan town Industrial Zone, Tongxiang, Zhejiang, CHN, 314513
Zhejiang Double Arrow Rubber Co Ltd is engaged as manufacturer of conveyor belts. The types of conveyor belts manufactured by company are acid and alkali resistant, high temperature resistant, flame retardant, oil resistant, heat resistant, tear resistant, puncture resistant, cold resistant, energy saving, and aramid.
Executives
Shen Kai Fei Directors, executives
Shen Geng Liang Director
Lang Hong Feng Executives
Yan Hong Bin Supervisors
Shen Hui Min Directors, executives
Yu Ming Song Director
Shen Lin Quan Director
Lu Xin Hui Supervisors
Shen Hong Fa Directors, executives
Yu Bing Ren Supervisors
Shen Hong Ming Supervisors
Chen Bai Song Directors, executives
Wu Jian Qin Directors, executives
Yu Bing Ying Executives
Xu Zhong Wei Securities Affairs Representative

Zhejiang Double Arrow Rubber Co (SZSE:002381) Headlines

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