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Sino Prima Gas Technology Co (SZSE:300483) Effective Interest Rate on Debt % : 4.72% (As of Mar. 2024)


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What is Sino Prima Gas Technology 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. Sino Prima Gas Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥129 Mil. Sino Prima Gas Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥2,726 Mil. Therefore, Sino Prima Gas Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.72%.


Sino Prima Gas Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sino Prima Gas Technology 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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Sino Prima Gas Technology Co Effective Interest Rate on Debt % Chart

Sino Prima Gas Technology 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 6.74 5.60 6.71 5.07 3.91

Sino Prima Gas Technology 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 4.18 1.96 2.66 7.10 4.72

Competitive Comparison of Sino Prima Gas Technology Co's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Sino Prima Gas Technology 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.


Sino Prima Gas Technology Co's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sino Prima Gas Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sino Prima Gas Technology Co's Effective Interest Rate on Debt % falls into.



Sino Prima Gas Technology Co Effective Interest Rate on Debt % Calculation

Sino Prima Gas Technology 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  *  -89.312/( (2090.644+2480.64)/ 2 )
=-1  *  -89.312/2285.642
=3.91 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1657.61 + 433.034
=2090.644

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2174.097 + 306.543
=2480.64

Sino Prima Gas Technology 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  *  -128.596/( (2480.64+2972.021)/ 2 )
=-1  *  -128.596/2726.3305
=4.72 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2174.097 + 306.543
=2480.64

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2552.013 + 420.008
=2972.021

* 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.


Sino Prima Gas Technology Co  (SZSE:300483) Effective Interest Rate on Debt % Explanation

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


Sino Prima Gas Technology Co Effective Interest Rate on Debt % Related Terms

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Sino Prima Gas Technology Co (SZSE:300483) Business Description

Traded in Other Exchanges
N/A
Address
No.5000, Yuanjiang Road, Minhang District, Shanghai, CHN, 201108
Sino Prima Gas Technology Co Ltd formerly Shanghai Worth Garden Co Ltd is a service provider that focuses on the development, production, and sales of gardening products, engineering construction, and greening maintenance. Its products cover all aspects of horticultural life, including thousands of varieties and specifications, and a relatively complete horticultural product system. It offers garden hand tools, such as cutting tools, garden power tools, including lawn mowers, grass and hedge trimmers, and batteries and chargers, and garden watering products.
Executives
Wu Jun Liang Directors, executives

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