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East Money Information Co (SZSE:300059) Effective Interest Rate on Debt % : 0.09% (As of Mar. 2024)


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What is East Money Information 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. East Money Information Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥77 Mil. East Money Information Co's average total debt for the quarter that ended in Mar. 2024 was ¥90,581 Mil. Therefore, East Money Information Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.09%.


East Money Information Co Effective Interest Rate on Debt % Historical Data

The historical data trend for East Money Information 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.

East Money Information Co Effective Interest Rate on Debt % Chart

East Money Information 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 0.87 1.21 0.86 0.20 0.12

East Money Information 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 0.13 0.14 0.09 0.11 0.09

Competitive Comparison of East Money Information Co's Effective Interest Rate on Debt %

For the Financial Data & Stock Exchanges subindustry, East Money Information 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.


East Money Information Co's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, East Money Information Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



East Money Information Co Effective Interest Rate on Debt % Calculation

East Money Information 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  *  -92.236/( (69992.457+85310.306)/ 2 )
=-1  *  -92.236/77651.3815
=0.12 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12606.169 + 57386.288
=69992.457

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17322.376 + 67987.93
=85310.306

East Money Information 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  *  -77.348/( (85310.306+95850.829)/ 2 )
=-1  *  -77.348/90580.5675
=0.09 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17322.376 + 67987.93
=85310.306

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=16376.823 + 79474.006
=95850.829

* 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.


East Money Information Co  (SZSE:300059) Effective Interest Rate on Debt % Explanation

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


East Money Information Co Effective Interest Rate on Debt % Related Terms

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East Money Information Co (SZSE:300059) Business Description

Traded in Other Exchanges
N/A
Address
No. 2999 Baoan Road, Jiading District, Shanghai, CHN, 200030
East Money Information Co Ltd is engaged in providing timely and professional financial information services through website platforms.
Executives
Cheng Lei Executives
Qi Shi Secretary, Director
Bao Yi Qing Supervisors
Yang Hao Securities Affairs Representative
Rong Xing Securities Affairs Representative
Tao Tao Directors, executives
Lu Wei Directors, Directors, and Executives
Cao Wei Director
Shi Jia Directors, executives
Cai Wei Supervisors
Liao Shuang Hui Directors, executives

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