Wuling Motors Holdings (HKSE:00305) Effective Interest Rate on Debt % : 4.54% (As of Dec. 2023)

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What is Wuling Motors Holdings 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. Wuling Motors Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$115 Mil. Wuling Motors Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$2,538 Mil. Therefore, Wuling Motors Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.54%.

Wuling Motors Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Wuling Motors Holdings'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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Wuling Motors Holdings Effective Interest Rate on Debt % Chart

Wuling Motors Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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10.13

13.02

7.66

5.76

5.07

Wuling Motors Holdings 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															6.68	5.63	4.15	5.82	4.54

Competitive Comparison of Wuling Motors Holdings's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Wuling Motors Holdings'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.

Wuling Motors Holdings's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Wuling Motors Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Wuling Motors Holdings's Effective Interest Rate on Debt % falls into.

Wuling Motors Holdings Effective Interest Rate on Debt % Calculation

Wuling Motors Holdings'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 * -131.809	/	( (2610.1	+	2590.161)	/ 2 )
=	-1 * -131.809	/	2600.1305
=	5.07 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	955.871	+	1654.229
=	2610.1

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1131.734	+	1458.427
=	2590.161

Wuling Motors Holdings'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 * -115.342	/	( (2486.267	+	2590.161)	/ 2 )
=	-1 * -115.342	/	2538.214
=	4.54 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1780.326	+	705.941
=	2486.267

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1131.734	+	1458.427
=	2590.161

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.

Wuling Motors Holdings (HKSE:00305) Effective Interest Rate on Debt % Explanation

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

Wuling Motors Holdings Effective Interest Rate on Debt % Related Terms

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Wuling Motors Holdings (HKSE:00305) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wuling Motors Holdings Ltd (HKSE:00305) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

WLMTF:USA 6LY:Germany

Address

168–200 Connaught Road, Shun Tak Centre, Unit 3406, 34th Floor, West Tower, Central, Hong Kong, HKG

Website

https://www.wuling.com.hk

Wuling Motors Holdings Ltd is an investment holding company. Its principal activities are the manufacturing and sale of engines, engine-related parts, other power supply products, automotive components and accessories, steel and specialized vehicles (including new energy vehicles), as well as the provision of water and power supply to customers. The segments of the group are Vehicles' power supply systems; Automotive components and other industrial services, which is the key revenue-generating segment; Commercial vehicle assembly; and Others. The group derives a majority of its revenue from Mainland China.

Executives

Dragon Hill Development Limited	2101 Beneficial owner
Kwan To Yin	2101 Beneficial owner
Lee Shing	2201 Interest of corporation controlled by you
Wu Ling Xiang Gang Kong Gu You Xian Gong Si	2101 Beneficial owner
Wu Ling Qi Che Xiang Gang You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Xi Qi Che Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

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