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New World Development Co (New World Development Co) Effective Interest Rate on Debt % : 2.79% (As of Dec. 2023)


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What is New World Development 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. New World Development Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $646 Mil. New World Development Co's average total debt for the quarter that ended in Dec. 2023 was $23,167 Mil. Therefore, New World Development Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.79%.

New World Development Co Effective Interest Rate on Debt % Historical Data

The historical data trend for New World Development 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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New World Development Co Effective Interest Rate on Debt % Chart

New World Development Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.67 2.75 1.63 1.36 2.73

New World Development Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 1.35 1.39 2.18 3.29 2.79

Competitive Comparison of New World Development Co's Effective Interest Rate on Debt %

For the Real Estate - Diversified subindustry, New World Development 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.

New World Development Co's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, New World Development Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where New World Development Co's Effective Interest Rate on Debt % falls into.


New World Development Co Effective Interest Rate on Debt % Calculation

New World Development Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -688.14/( (25364.649+24965.658)/ 2 )
=-1  *  -688.14/25165.1535
=2.73 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18801.519 + 6563.13
=25364.649

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18158.649 + 6807.009
=24965.658

New World Development Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -645.958/( (24965.658+21368.243)/ 2 )
=-1  *  -645.958/23166.9505
=2.79 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18158.649 + 6807.009
=24965.658

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13306.602 + 8061.641
=21368.243

* 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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

New World Development Co  (OTCPK:NDVLY) Effective Interest Rate on Debt % Explanation

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

New World Development Co Effective Interest Rate on Debt % Related Terms

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New World Development Co (New World Development Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New World Development Co Ltd (OTCPK:NDVLY) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:00041 HKSE:00258 HKSE:00207 HKSE:00242 HKSE:00050 HKSE:00978 HKSE:00120 HKSE:00251 HKSE:00488 HKSE:00355 ASX:GMG TSE:8801 TSE:8802 HKSE:00012 PHS:SMPH BKK:CPN XSWX:SPSN OSTO:BALD B TSE:1878 BOM:503100
Traded in Other Exchanges
NWWDF:USA 00017:Hong Kong NWDA:Germany
Address
16-18 Queen's Road, Central, 30th Floor, New World Tower, Hong Kong, HKG
Website
https://www.nwd.com.hk
New World Development, or NWD, is the listed property arm of Chow Tai Fook, owned by the Cheng family. Chow Tai Fook owns a 45% stake in NWD, which mainly engages in residential property development and investment properties of retail malls and offices in Hong Kong and mainland China. NWD also develops high-end hotels across Hong Kong, mainland China and in Southeast Asia. Additionally, NWD holds a 75% interest in New World Department Store China, which operates 24 department stores in mainland China.