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Aeon Credit Service (Asia) Co (HKSE:00900) Effective Interest Rate on Debt % : 4.21% (As of Feb. 2024)


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What is Aeon Credit Service (Asia) 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. Aeon Credit Service (Asia) Co's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was HK$128 Mil. Aeon Credit Service (Asia) Co's average total debt for the quarter that ended in Feb. 2024 was HK$3,046 Mil. Therefore, Aeon Credit Service (Asia) Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 4.21%.


Aeon Credit Service (Asia) Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Aeon Credit Service (Asia) 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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Aeon Credit Service (Asia) Co Effective Interest Rate on Debt % Chart

Aeon Credit Service (Asia) Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.88 2.49 2.64 2.68 4.13

Aeon Credit Service (Asia) Co Quarterly Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 3.11 3.56 4.53 4.57 4.21

Competitive Comparison of Aeon Credit Service (Asia) Co's Effective Interest Rate on Debt %

For the Credit Services subindustry, Aeon Credit Service (Asia) 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.


Aeon Credit Service (Asia) Co's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Aeon Credit Service (Asia) Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Aeon Credit Service (Asia) Co's Effective Interest Rate on Debt % falls into.



Aeon Credit Service (Asia) Co Effective Interest Rate on Debt % Calculation

Aeon Credit Service (Asia) Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Feb. 2023 )+Total Debt  (A: Feb. 2024 ))/ count )
=-1  *  -108.463/( (2150.374+3100.596)/ 2 )
=-1  *  -108.463/2625.485
=4.13 %

where

Total Debt  (A: Feb. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2150.374 + 0
=2150.374

Total Debt  (A: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3100.596 + 0
=3100.596

Aeon Credit Service (Asia) Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: Feb. 2024 ))/ count )
=-1  *  -128.312/( (2990.501+3100.596)/ 2 )
=-1  *  -128.312/3045.5485
=4.21 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2990.501 + 0
=2990.501

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3100.596 + 0
=3100.596

* 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 four times the quarterly (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Aeon Credit Service (Asia) Co  (HKSE:00900) Effective Interest Rate on Debt % Explanation

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


Aeon Credit Service (Asia) Co Effective Interest Rate on Debt % Related Terms

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Aeon Credit Service (Asia) Co (HKSE:00900) Business Description

Traded in Other Exchanges
N/A
Address
132 Nathan Road, 20th Floor, Mira Place Tower A, Tsimshatsui, Kowloon, Hong Kong, HKG
Aeon Credit Service (Asia) Co Ltd is engaged in the consumer finance business. Its activities include the issuance of credit cards and the provision of personal loan financing, insurance agency and brokerage business and microfinance business. The group's business comprises three operating segments, namely Credit card, Personal loans, and Insurance. It derives key revenue from the Credit card operation which involves the provision of credit card services to individuals and acquiring services for member-stores. Personal loans segment provides personal loan financing to individuals and the Insurance segment offers insurance agency and brokerage services. Geographically, the group has a business presence in Hong Kong and the PRC, of which a majority of the revenue is derived from Hong Kong.
Executives
Fmr Llc 2201 Interest of corporation controlled by you
Fidelity Puritan Trust 2101 Beneficial owner
Aeon Co., Ltd 2201 Interest of corporation controlled by you
Aeon Financial Service (hong Kong) Co., Ltd 2101 Beneficial owner
Aeon Financial Service Co., Ltd 2201 Interest of corporation controlled by you

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