Shin Hwa World (HKSE:00582) Effective Interest Rate on Debt % : 7.23% (As of Dec. 2023)

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What is Shin Hwa World 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. Shin Hwa World's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$105 Mil. Shin Hwa World's average total debt for the quarter that ended in Dec. 2023 was HK$1,453 Mil. Therefore, Shin Hwa World's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.23%.

Shin Hwa World Effective Interest Rate on Debt % Historical Data

The historical data trend for Shin Hwa World'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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Shin Hwa World Effective Interest Rate on Debt % Chart

Shin Hwa World Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.51

5.67

6.15

5.56

7.51

Shin Hwa World 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															6.17	6.12	5.80	7.80	7.23

Competitive Comparison of Shin Hwa World's Effective Interest Rate on Debt %

For the Resorts & Casinos subindustry, Shin Hwa World'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.

Shin Hwa World's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shin Hwa World's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shin Hwa World's Effective Interest Rate on Debt % falls into.

Shin Hwa World Effective Interest Rate on Debt % Calculation

Shin Hwa World'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 * -111.87	/	( (1557.898	+	1422.055)	/ 2 )
=	-1 * -111.87	/	1489.9765
=	7.51 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1524.975	+	32.923
=	1557.898

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1420.432	+	1.623
=	1422.055

Shin Hwa World'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 * -105.116	/	( (1484.134	+	1422.055)	/ 2 )
=	-1 * -105.116	/	1453.0945
=	7.23 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1439.878	+	44.256
=	1484.134

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1420.432	+	1.623
=	1422.055

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.

Shin Hwa World (HKSE:00582) Effective Interest Rate on Debt % Explanation

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

Shin Hwa World Effective Interest Rate on Debt % Related Terms

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Shin Hwa World (HKSE:00582) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shin Hwa World Ltd (HKSE:00582) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nos. 168-200 Connaught Road Central, Units 1412-1413, 14th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.shw.com.hk

Shin Hwa World Ltd is an investment holding company. The company's operating segment includes Integrated Resort Development, Gaming Business, and Property Development. It generates maximum revenue from the Integrated Resort Development segment, which develops and operates integrated leisure and entertainment resorts. Geographically, it derives revenue from South Korea.

Executives

Resplendence Investment Development Limited	2101 Beneficial owner
Zhang Tingting	2201 Interest of corporation controlled by you
Lam Pauline	2101 Beneficial owner
Wealth Millennium Limited	2101 Beneficial owner
Xu Ning	2202 Interest of your spouse
Yang Zhihui	2201 Interest of corporation controlled by you
Lan Ding Guo Ji You Xian Gong Si	2101 Beneficial owner
Tinmark Development Limited
Yao Jianhui

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