Hing Lee (HK) Holdings (HKSE:00396) Effective Interest Rate on Debt % : 5.56% (As of Dec. 2023)

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What is Hing Lee (HK) 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. Hing Lee (HK) Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$3.66 Mil. Hing Lee (HK) Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$65.83 Mil. Therefore, Hing Lee (HK) Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.56%.

Hing Lee (HK) Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Hing Lee (HK) 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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Hing Lee (HK) Holdings Effective Interest Rate on Debt % Chart

Hing Lee (HK) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.43

4.27

6.61

6.03

6.23

Hing Lee (HK) 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															6.21	6.29	5.82	6.72	5.56

Competitive Comparison of Hing Lee (HK) Holdings's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Hing Lee (HK) 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.

Hing Lee (HK) Holdings's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hing Lee (HK) Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hing Lee (HK) Holdings's Effective Interest Rate on Debt % falls into.

Hing Lee (HK) Holdings Effective Interest Rate on Debt % Calculation

Hing Lee (HK) 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 * -4.39	/	( (80.875	+	60.101)	/ 2 )
=	-1 * -4.39	/	70.488
=	6.23 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.351	+	74.524
=	80.875

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.286	+	57.815
=	60.101

Hing Lee (HK) 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 * -3.66	/	( (71.564	+	60.101)	/ 2 )
=	-1 * -3.66	/	65.8325
=	5.56 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.563	+	68.001
=	71.564

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.286	+	57.815
=	60.101

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.

Hing Lee (HK) Holdings (HKSE:00396) Effective Interest Rate on Debt % Explanation

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

Hing Lee (HK) Holdings Effective Interest Rate on Debt % Related Terms

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Hing Lee (HK) Holdings (HKSE:00396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hing Lee (HK) Holdings Ltd (HKSE:00396) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 On Yiu Street, Shatin,, Unit 1101, 11th Floor, Delta House, New Territories, Hong Kong, HKG

Website

http://www.hingleehk.com.hk

Hing Lee (Hk) Holdings Ltd is an investment holding company principally engaged in the furniture business. The Company is engaged in the design, manufacture, sale and marketing of residential furniture products, mainly including wooden furniture, sofas, and mattresses. The Company is also engaged in the provision of layout design and decoration services, marketing services related to product display, and licensing of its own brand and product designs.

Executives

Sung Kai Hing	2101 Beneficial owner
Wong Wai King	2202 Interest of your spouse

Hing Lee (HK) Holdings (HKSE:00396) Headlines

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