Chongqing Millison Technologies (SZSE:301307) Effective Interest Rate on Debt % : 3.72% (As of Mar. 2024)

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What is Chongqing Millison Technologies 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. Chongqing Millison Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥36 Mil. Chongqing Millison Technologies's average total debt for the quarter that ended in Mar. 2024 was ¥963 Mil. Therefore, Chongqing Millison Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.72%.

Chongqing Millison Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Chongqing Millison Technologies'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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Chongqing Millison Technologies Effective Interest Rate on Debt % Chart

Chongqing Millison Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

8.51

6.57

4.74

4.07

3.76

Chongqing Millison Technologies Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										3.82	3.93	3.66	4.15	3.72

Competitive Comparison of Chongqing Millison Technologies's Effective Interest Rate on Debt %

For the Metal Fabrication subindustry, Chongqing Millison Technologies'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.

Chongqing Millison Technologies's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chongqing Millison Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Chongqing Millison Technologies's Effective Interest Rate on Debt % falls into.

Chongqing Millison Technologies Effective Interest Rate on Debt % Calculation

Chongqing Millison Technologies'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 * -43.895	/	( (1499.715	+	832.76)	/ 2 )
=	-1 * -43.895	/	1166.2375
=	3.76 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	811.21	+	688.505
=	1499.715

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	337.007	+	495.753
=	832.76

Chongqing Millison Technologies'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 * -35.82	/	( (832.76	+	1093.496)	/ 2 )
=	-1 * -35.82	/	963.128
=	3.72 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	337.007	+	495.753
=	832.76

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	631.38	+	462.116
=	1093.496

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.

Chongqing Millison Technologies (SZSE:301307) Effective Interest Rate on Debt % Explanation

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

Chongqing Millison Technologies Effective Interest Rate on Debt % Related Terms

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Chongqing Millison Technologies (SZSE:301307) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Millison Technologies Inc (SZSE:301307) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 and No. 2, No. 1, Tian'an Road, Banan District, Chongqing, CHN, 401320

Website

http://www.millison.com.cn

Chongqing Millison Technologies Inc is engaged in the research and development, production and sales of aluminum alloy precision die-casting parts in the communication field and the automotive field.

Executives

Feng Cheng Long

Supervisors

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