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Suzhou Dongshan Precision Manufacturing Co (SZSE:002384) Effective Interest Rate on Debt % : 2.83% (As of Mar. 2024)


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What is Suzhou Dongshan Precision Manufacturing 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. Suzhou Dongshan Precision Manufacturing Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥425 Mil. Suzhou Dongshan Precision Manufacturing Co's average total debt for the quarter that ended in Mar. 2024 was ¥15,044 Mil. Therefore, Suzhou Dongshan Precision Manufacturing Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.83%.


Suzhou Dongshan Precision Manufacturing Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Suzhou Dongshan Precision Manufacturing 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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Suzhou Dongshan Precision Manufacturing Co Effective Interest Rate on Debt % Chart

Suzhou Dongshan Precision Manufacturing 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 5.40 4.30 2.84 2.89 2.64

Suzhou Dongshan Precision Manufacturing 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 3.11 3.39 2.64 0.63 2.83

Competitive Comparison of Suzhou Dongshan Precision Manufacturing Co's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Suzhou Dongshan Precision Manufacturing 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.


Suzhou Dongshan Precision Manufacturing Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Suzhou Dongshan Precision Manufacturing Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Suzhou Dongshan Precision Manufacturing Co's Effective Interest Rate on Debt % falls into.



Suzhou Dongshan Precision Manufacturing Co Effective Interest Rate on Debt % Calculation

Suzhou Dongshan Precision Manufacturing 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  *  -370.434/( (13829.296+14201.897)/ 2 )
=-1  *  -370.434/14015.5965
=2.64 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4845.141 + 8984.155
=13829.296

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6549.08 + 7652.817
=14201.897

Suzhou Dongshan Precision Manufacturing 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  *  -425.08/( (14201.897+15886.276)/ 2 )
=-1  *  -425.08/15044.0865
=2.83 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6549.08 + 7652.817
=14201.897

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7046.73 + 8839.546
=15886.276

* 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.


Suzhou Dongshan Precision Manufacturing Co  (SZSE:002384) Effective Interest Rate on Debt % Explanation

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


Suzhou Dongshan Precision Manufacturing Co Effective Interest Rate on Debt % Related Terms

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Suzhou Dongshan Precision Manufacturing Co (SZSE:002384) Business Description

Traded in Other Exchanges
N/A
Address
No. 88 Tangdong Road, Wuzhong Economic Development Zone, Suzhou, CHN, 215124
Suzhou Dongshan Precision Manufacturing Co Ltd is a China-based company involved in the research, development, manufacture, and sale of precision metal products. It provides precision manufacturing services for LED lighting, LCM & machine, smart device, and communication device among others.
Executives
Yuan Yong Feng Directors, executives
Yuan Yong Gang Director
Dan Jian Bin Director
Wang Xu Directors, executives
Mao Xiao Yan Directors, Directors, and Executives
Fei Li Jian Supervisors
Huang Li Gui Director
Zheng Feng Independent director
Xu Yi Min Directors, executives
Zhou Gui Hua Executives
Chen Xiao Yong Director

Suzhou Dongshan Precision Manufacturing Co (SZSE:002384) Headlines

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