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Wens Foodstuff Group Co (SZSE:300498) Effective Interest Rate on Debt % : 3.61% (As of Mar. 2024)


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What is Wens Foodstuff Group 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. Wens Foodstuff Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥1,236 Mil. Wens Foodstuff Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥34,210 Mil. Therefore, Wens Foodstuff Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.61%.


Wens Foodstuff Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Wens Foodstuff Group 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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Wens Foodstuff Group Co Effective Interest Rate on Debt % Chart

Wens Foodstuff Group 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 5.08 2.50 3.88 4.05 3.82

Wens Foodstuff Group 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 3.65 3.78 3.58 3.48 3.61

Competitive Comparison of Wens Foodstuff Group Co's Effective Interest Rate on Debt %

For the Farm Products subindustry, Wens Foodstuff Group 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.


Wens Foodstuff Group Co's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wens Foodstuff Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Wens Foodstuff Group Co's Effective Interest Rate on Debt % falls into.



Wens Foodstuff Group Co Effective Interest Rate on Debt % Calculation

Wens Foodstuff Group 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  *  -1301.447/( (35504.296+32661.484)/ 2 )
=-1  *  -1301.447/34082.89
=3.82 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=28463.232 + 7041.064
=35504.296

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=23651.424 + 9010.06
=32661.484

Wens Foodstuff Group 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  *  -1235.672/( (32661.484+35758.447)/ 2 )
=-1  *  -1235.672/34209.9655
=3.61 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=23651.424 + 9010.06
=32661.484

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25532.952 + 10225.495
=35758.447

* 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.


Wens Foodstuff Group Co  (SZSE:300498) Effective Interest Rate on Debt % Explanation

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


Wens Foodstuff Group Co Effective Interest Rate on Debt % Related Terms

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Wens Foodstuff Group Co (SZSE:300498) Business Description

Traded in Other Exchanges
N/A
Address
No. 9, Dongdi North Road, Xincheng Town, Xinxing County, Guangdong Province, Yunfu, CHN, 527400
Wens Foodstuff Group Co Ltd operates as a livestock and poultry farming company in China. The company offers fresh meat products and processed products, including chicken, pig, duck, milk, egg, cooked chicken, deep-sea fish, sheep, pigeons, and other products. It also provides raw milk; and finished milk, such as pasteurized milk, fermented milk, sterilized milk, milk-containing beverages, and other various categories of products.
Executives
Mei Jin Fang Directors, executives
Lin Jian Xing Executives
Liang Zhi Xiong Directors, executives
Zhang Xiang Bin Executives
Li Shao Song Directors, executives
Zhao Liang Director
Qin Kai Tian Director
Chen Xiao Jian Executives
Wen Peng Cheng Director
Chen Feng Executives
Yan Ju Ran Director
Wen Xiao Qiong Directors, executives
Luo Xu Fang Executives
Yan Ju Neng Director
Chen Rui Ai Executives

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