Chen Ke Ming Food Manufacturing Co (SZSE:002661) Effective Interest Rate on Debt % : 4.35% (As of Mar. 2024)

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What is Chen Ke Ming Food 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. Chen Ke Ming Food Manufacturing Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥103 Mil. Chen Ke Ming Food Manufacturing Co's average total debt for the quarter that ended in Mar. 2024 was ¥2,367 Mil. Therefore, Chen Ke Ming Food Manufacturing Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.35%.

Chen Ke Ming Food Manufacturing Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Chen Ke Ming Food 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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Chen Ke Ming Food Manufacturing Co Effective Interest Rate on Debt % Chart

Chen Ke Ming Food Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.75

4.81

3.20

3.17

4.85

Chen Ke Ming Food 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															4.51	3.50	3.68	4.78	4.35

Competitive Comparison of Chen Ke Ming Food Manufacturing Co's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Chen Ke Ming Food 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.

Chen Ke Ming Food Manufacturing Co's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chen Ke Ming Food Manufacturing Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Chen Ke Ming Food Manufacturing Co's Effective Interest Rate on Debt % falls into.

Chen Ke Ming Food Manufacturing Co Effective Interest Rate on Debt % Calculation

Chen Ke Ming Food 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 * -88.189	/	( (1447.155	+	2191.451)	/ 2 )
=	-1 * -88.189	/	1819.303
=	4.85 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	452.159	+	994.996
=	1447.155

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1030.439	+	1161.012
=	2191.451

Chen Ke Ming Food 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 * -102.888	/	( (2191.451	+	2542.224)	/ 2 )
=	-1 * -102.888	/	2366.8375
=	4.35 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1030.439	+	1161.012
=	2191.451

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1297.301	+	1244.923
=	2542.224

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.

Chen Ke Ming Food Manufacturing Co (SZSE:002661) Effective Interest Rate on Debt % Explanation

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

Chen Ke Ming Food Manufacturing Co Effective Interest Rate on Debt % Related Terms

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Chen Ke Ming Food Manufacturing Co (SZSE:002661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chen Ke Ming Food Manufacturing Co Ltd (SZSE:002661) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 28, Zhenhua Road, Environmental Protection Technology Industrial Park, Yuhua District, Hunan Province, Changsha, CHN, 410116

Website

http://www.kemen.net.cn

Chen Ke Ming Food Manufacturing Co Ltd is a food manufacturing company in China. It is engaged in the research and development, production, and sale of middle and high-grade fine dried noodles. Its noodles are categories into six series - nutrition, power, high-gluten, gift, children, and other series. The company distributes its products under the brand name CKM.

Executives

Chen Hong	Directors, executives
Chen Yan	Secretary, Director
Yang Bo	Executives
Zhang Bo Dong	Executives
Zhang Xiao	Executives
Li Rui	Executives
Duan Ju Xiang	Director
Zhang Jun Hui	Executives
Chen Ke Zhong	Director
Yang Li Juan	Supervisors
Zhang Mu Lin	Independent director
Li Qing Long	Independent director
Chen Ke Ming	Director
Chen Hui	Director
Wang Yong	Secretary, Director

Chen Ke Ming Food Manufacturing Co (SZSE:002661) Headlines

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