Wang On Group (HKSE:01222) Effective Interest Rate on Debt % : 5.43% (As of Sep. 2023)

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What is Wang On Group 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. Wang On Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was HK$347 Mil. Wang On Group's average total debt for the quarter that ended in Sep. 2023 was HK$6,391 Mil. Therefore, Wang On Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 5.43%.

Wang On Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Wang On Group'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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Wang On Group Effective Interest Rate on Debt % Chart

Wang On Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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2.64

3.84

3.55

2.68

4.15

Wang On Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.87	2.55	3.67	4.89	5.43

Competitive Comparison of Wang On Group's Effective Interest Rate on Debt %

For the Conglomerates subindustry, Wang On Group'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.

Wang On Group's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Wang On Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Wang On Group's Effective Interest Rate on Debt % falls into.

Wang On Group Effective Interest Rate on Debt % Calculation

Wang On Group'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 * -288.359	/	( (7633.923	+	6246.568)	/ 2 )
=	-1 * -288.359	/	6940.2455
=	4.15 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3676.974	+	3956.949
=	7633.923

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3069.908	+	3176.66
=	6246.568

Wang On Group'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 * -346.852	/	( (6246.568	+	6536.345)	/ 2 )
=	-1 * -346.852	/	6391.4565
=	5.43 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3069.908	+	3176.66
=	6246.568

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2938.699	+	3597.646
=	6536.345

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.

Wang On Group (HKSE:01222) Effective Interest Rate on Debt % Explanation

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

Wang On Group Effective Interest Rate on Debt % Related Terms

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Wang On Group (HKSE:01222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Wang On Group Ltd (HKSE:01222) » Definitions » Effective Interest Rate on Debt %

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Address

39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.wangon.com

Wang On Group Ltd is an investment holding company engaged in property development businesses. It operates in five business segments. The Property Development segment is engaged in the development of properties. The Property Investment segment is engaged in investment in industrial and commercial premises and residential units for rental or for sale. The Fresh markets segment is engaged in the management and sub-licensing of fresh markets and butchery business. The Pharmaceutical segment engages in the production and sale of pharmaceutical and health food products. The Treasury management segment engages in the provision of finance and investments in debt and other securities which earn interest income.

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