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Tianshan Aluminum Group Co (SZSE:002532) Effective Interest Rate on Debt % : 4.10% (As of Mar. 2024)


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What is Tianshan Aluminum 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. Tianshan Aluminum Group Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥860 Mil. Tianshan Aluminum Group Co's average total debt for the quarter that ended in Mar. 2024 was ¥20,956 Mil. Therefore, Tianshan Aluminum Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.10%.


Tianshan Aluminum Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Tianshan Aluminum 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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Tianshan Aluminum Group Co Effective Interest Rate on Debt % Chart

Tianshan Aluminum 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 0.09 6.62 8.00 6.60 5.04

Tianshan Aluminum 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 6.16 5.08 4.91 4.20 4.10

Competitive Comparison of Tianshan Aluminum Group Co's Effective Interest Rate on Debt %

For the Aluminum subindustry, Tianshan Aluminum 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.


Tianshan Aluminum Group Co's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tianshan Aluminum Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Tianshan Aluminum Group Co Effective Interest Rate on Debt % Calculation

Tianshan Aluminum 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  *  -887.543/( (14527.643+20714.955)/ 2 )
=-1  *  -887.543/17621.299
=5.04 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6643.223 + 7884.42
=14527.643

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7020.805 + 13694.15
=20714.955

Tianshan Aluminum 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  *  -859.964/( (20714.955+21197.001)/ 2 )
=-1  *  -859.964/20955.978
=4.10 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7020.805 + 13694.15
=20714.955

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6587.966 + 14609.035
=21197.001

* 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.


Tianshan Aluminum Group Co  (SZSE:002532) Effective Interest Rate on Debt % Explanation

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


Tianshan Aluminum Group Co Effective Interest Rate on Debt % Related Terms

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Tianshan Aluminum Group Co (SZSE:002532) Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Weiwu Road, North Industrial Park, Shihezi Development Zone, Xinjiang Uygur Autonomous Region, Xinjiang, CHN, 832014
Tianshan Aluminum Group Co Ltd is engaged in the production and sales of primary aluminum, alumina, high-purity aluminum, pre-baked anodes, and aluminum deep-processed products and materials.
Executives
Zhang Jun Jie Directors, executives
Gui Jian Hui Executives
Zhang Jian Zhong Executives
Wang Chang Dong Executives
Yan Xian Fa Executives, directors, directors
Xu Hong Feng Director
Zhang Hong Supervisors
Guo Shu Ming Executives
Ou Yang Ya Zhi Executives
Liu Jin Xiao Supervisors
Xu Min Tian Directors, executives
Pan Bing Lin Supervisors
Ye Xing Hong Director
Wang Jian Zhong Director

Tianshan Aluminum Group Co (SZSE:002532) Headlines

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