Kingbo Strike (HKSE:01421) Effective Interest Rate on Debt % : 5.79% (As of Dec. 2023)

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What is Kingbo Strike 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. Kingbo Strike's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$0.56 Mil. Kingbo Strike's average total debt for the quarter that ended in Dec. 2023 was HK$9.60 Mil. Therefore, Kingbo Strike's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.79%.

Kingbo Strike Effective Interest Rate on Debt % Historical Data

The historical data trend for Kingbo Strike'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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Kingbo Strike Effective Interest Rate on Debt % Chart

Kingbo Strike Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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2.06

7.84

5.89

16.28

Kingbo Strike 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															3.12	5.35	1.88	6.87	5.79

Competitive Comparison of Kingbo Strike's Effective Interest Rate on Debt %

For the Solar subindustry, Kingbo Strike'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.

Kingbo Strike's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Kingbo Strike's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Kingbo Strike's Effective Interest Rate on Debt % falls into.

Kingbo Strike Effective Interest Rate on Debt % Calculation

Kingbo Strike's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -1.231	/	( (1.827	+	13.295)	/ 2 )
=	-1 * -1.231	/	7.561
=	16.28 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.11	+	0.717
=	1.827

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.505	+	11.79
=	13.295

Kingbo Strike'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 * -0.556	/	( (13.295	+	5.905)	/ 2 )
=	-1 * -0.556	/	9.6
=	5.79 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.505	+	11.79
=	13.295

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.954	+	4.951
=	5.905

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.

Kingbo Strike (HKSE:01421) Effective Interest Rate on Debt % Explanation

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

Kingbo Strike Effective Interest Rate on Debt % Related Terms

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Kingbo Strike (HKSE:01421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Kingbo Strike Ltd (HKSE:01421) » Definitions » Effective Interest Rate on Debt %

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Address

No. 61 Mody Road, Unit 1202, 12th Floor, Mirror Tower, Tsim Sha Tsui East, Hong Kong, HKG

Website

http://www.kingbostrike.com

Kingbo Strike Ltd is engaged in the provision of electrical engineering services for public residential and commercial projects as well as deals in solar power business. The company operates in three segments namely, the Engineering Services segment comprises of electrical engineering solutions and related services; Solar power business segment comprises supply and installation services of solar photovoltaic parts and equipment; Electrical distribution system business segment engages in the provision of electrical distribution system. The company generates maximum revenue from the Solar Power Business segment. The company geographically operates in The People's Republic of China, Singapore and Hong Kong.

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