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China Best Group Holding (HKSE:00370) Effective Interest Rate on Debt % : 9.45% (As of Sep. 2023)


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What is China Best Group Holding 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. China Best Group Holding's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was HK$31.0 Mil. China Best Group Holding's average total debt for the quarter that ended in Sep. 2023 was HK$327.9 Mil. Therefore, China Best Group Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 9.45%.


China Best Group Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for China Best Group Holding'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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China Best Group Holding Effective Interest Rate on Debt % Chart

China Best Group Holding Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 12.98 18.17 10.20

China Best Group Holding Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Sep21 Mar22 Sep22 Mar23 Sep23
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 14.13 10.94 11.26 9.12 9.45

Competitive Comparison of China Best Group Holding's Effective Interest Rate on Debt %

For the Specialty Retail subindustry, China Best Group Holding'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.


China Best Group Holding's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Best Group Holding's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Best Group Holding's Effective Interest Rate on Debt % falls into.



China Best Group Holding Effective Interest Rate on Debt % Calculation

China Best Group Holding's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -36.452/( (381.911+332.7)/ 2 )
=-1  *  -36.452/357.3055
=10.20 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.841 + 378.07
=381.911

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.343 + 332.357
=332.7

China Best Group Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -30.984/( (332.7+323.024)/ 2 )
=-1  *  -30.984/327.862
=9.45 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.343 + 332.357
=332.7

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.003 + 316.021
=323.024

* 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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


China Best Group Holding  (HKSE:00370) Effective Interest Rate on Debt % Explanation

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


China Best Group Holding Effective Interest Rate on Debt % Related Terms

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China Best Group Holding (HKSE:00370) Business Description

Traded in Other Exchanges
Address
The Gateway, Harbour City, Suite 1901-2 & 14, 19th Floor, Tower 6, Kowloon, Hong Kong, HKG
China Best Group Holding Ltd is a China-based company having various business segments. Trading of goods including radio systems and electronic appliances which is the key revenue driver; Finance leasing of plant and machinery; Money lending; Securities and futures brokerage segment engages in securities and futures dealing services in Hong Kong; International air and sea freight forwarding and logistic services to customers in Singapore and the USA; Securities trading of equity securities and dividend income from held for trading investments; Property investment for rental income and capital appreciation in PRC; Building architecture and interior design services; Property brokerage and agency service,Geothermal energy, Customised technical support segment and Centralised heating segment.
Executives
Ping Pacific Limited 2101 Beneficial owner
Yeung Yat Ping 2101 Beneficial owner
South Leader Limited 2101 Beneficial owner
Li Meng Zhe 2101 Beneficial owner
Max Kensho Capital Group Limited 2101 Beneficial owner
Sunbow Int'l Enterprise Limited 2101 Beneficial owner
Wang Baoning 2101 Beneficial owner
Li Meng Zhe 2201 Interest of corporation controlled by you
Wang Yicheng 2201 Interest of corporation controlled by you

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