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Arts Optical International Holdings (HKSE:01120) Effective Interest Rate on Debt % : 4.09% (As of Dec. 2023)


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What is Arts Optical International 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. Arts Optical International Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$1 Mil. Arts Optical International Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$17 Mil. Therefore, Arts Optical International Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.09%.


Arts Optical International Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Arts Optical International 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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Arts Optical International Holdings Effective Interest Rate on Debt % Chart

Arts Optical International Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.05 3.79 2.86 3.40 3.69

Arts Optical International 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 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 2.72 3.22 3.21 6.08 4.09

Competitive Comparison of Arts Optical International Holdings's Effective Interest Rate on Debt %

For the Medical Instruments & Supplies subindustry, Arts Optical International 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.


Arts Optical International Holdings's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Arts Optical International Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Arts Optical International Holdings's Effective Interest Rate on Debt % falls into.



Arts Optical International Holdings Effective Interest Rate on Debt % Calculation

Arts Optical International 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  *  -0.685/( (11.957+25.15)/ 2 )
=-1  *  -0.685/18.5535
=3.69 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.55 + 8.407
=11.957

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.981 + 20.169
=25.15

Arts Optical International 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  *  -0.712/( (9.696+25.15)/ 2 )
=-1  *  -0.712/17.423
=4.09 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.62 + 7.076
=9.696

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.981 + 20.169
=25.15

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


Arts Optical International Holdings  (HKSE:01120) Effective Interest Rate on Debt % Explanation

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


Arts Optical International Holdings Effective Interest Rate on Debt % Related Terms

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Arts Optical International Holdings (HKSE:01120) Business Description

Traded in Other Exchanges
N/A
Address
55 King Yip Street, King Palace Plaza, Units A to G, 32nd Floor, Kwun Tong, Kowloon, Hong Kong, HKG
Arts Optical International Holdings Ltd is an investment holding company. Through its subsidiaries, it is engaged in the manufacturing and trading of prescription frames, sunglasses and optical lens as well as property holding. It operates in three divisions: Original design manufacturing, Distribution. and Lens division. The group is organized into four segments, which are sales of optical products to customers located in Europe, the United States, Asia, and other regions, of which the majority of the revenue is generated from Europe.
Executives
Ng Hoi Ying, Michael 2202 Interest of your spouse
Wu Zhihong 2101 Beneficial owner
Ng Kim Ying
Webb David Michael 2201 Interest of corporation controlled by you
Fmr Llc 2201 Interest of corporation controlled by you
Ratagan International Company Limited 2101 Beneficial owner
Hsbc International Trustee Limited 2301 Trustee

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