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ABA Chemicals (SZSE:300261) Effective Interest Rate on Debt % : 3.96% (As of Mar. 2024)


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What is ABA Chemicals 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. ABA Chemicals's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥45 Mil. ABA Chemicals's average total debt for the quarter that ended in Mar. 2024 was ¥1,134 Mil. Therefore, ABA Chemicals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.96%.


ABA Chemicals Effective Interest Rate on Debt % Historical Data

The historical data trend for ABA Chemicals'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.

ABA Chemicals Effective Interest Rate on Debt % Chart

ABA Chemicals 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 4.62 4.03 4.20 4.41 3.54

ABA Chemicals 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 3.72 3.67 3.36 3.86 3.96

Competitive Comparison of ABA Chemicals's Effective Interest Rate on Debt %

For the Chemicals subindustry, ABA Chemicals'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.


ABA Chemicals's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

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

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



ABA Chemicals Effective Interest Rate on Debt % Calculation

ABA Chemicals'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  *  -34.568/( (871.486+1083.776)/ 2 )
=-1  *  -34.568/977.631
=3.54 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=237.51 + 633.976
=871.486

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=144.246 + 939.53
=1083.776

ABA Chemicals'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  *  -44.92/( (1083.776+1185.014)/ 2 )
=-1  *  -44.92/1134.395
=3.96 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=144.246 + 939.53
=1083.776

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=180.94 + 1004.074
=1185.014

* 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.


ABA Chemicals  (SZSE:300261) Effective Interest Rate on Debt % Explanation

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


ABA Chemicals Effective Interest Rate on Debt % Related Terms

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ABA Chemicals (SZSE:300261) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 18 Dongfang East Road, Port Development Zone, Taicang Port, Petrochemical District, Jiangsu Province, Shanghai, CHN, 215433
ABA Chemicals Corp is a Chinese company integrating research and development, production and sales in the field of life sciences. It is principally engaged in the production of advanced intermediates, active pharmaceutical ingredients (APIs), and pesticide products. Some of the products offered by the company are Acridine, Snail, Fluorourea, Pentanoyl chloride, Fondaparinux, and Levetiracetam.
Executives
Han Xue Supervisors
Huang Liang Supervisors
Ma Li Fan Directors, executives
Cai Tong Directors, executives
Mao Hai Feng Directors, executives
Wang Zhuo Ying Directors, Directors, and Executives
Han Jie Supervisors
Liu Zhi Hui Supervisors
Yang Ji Dong Supervisors
Zhu Pei Fang Securities Affairs Representative
Li Hang Supervisors
Li Yuan Xing Executives
Executives
Qin Dong Guang Executives
Wang Sheng Hong Director

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