VCredit Holdings (HKSE:02003) Effective Interest Rate on Debt % : 6.53% (As of Dec. 2023)

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What is VCredit 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. VCredit Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$337 Mil. VCredit Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$5,159 Mil. Therefore, VCredit Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.53%.

VCredit Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for VCredit 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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VCredit Holdings Effective Interest Rate on Debt % Chart

VCredit Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.46

10.20

10.21

8.69

6.46

VCredit Holdings Semi-Annual Data
	Dec15	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											9.50	9.42	8.20	8.40	6.53

Competitive Comparison of VCredit Holdings's Effective Interest Rate on Debt %

For the Credit Services subindustry, VCredit 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.

VCredit Holdings's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, VCredit Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

VCredit Holdings Effective Interest Rate on Debt % Calculation

VCredit 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 * -362.416	/	( (5064.693	+	6148.277)	/ 2 )
=	-1 * -362.416	/	5606.485
=	6.46 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5064.693	+	0
=	5064.693

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6148.277	+	0
=	6148.277

VCredit 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 * -336.934	/	( (4169.902	+	6148.277)	/ 2 )
=	-1 * -336.934	/	5159.0895
=	6.53 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4169.902	+	0
=	4169.902

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6148.277	+	0
=	6148.277

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.

VCredit Holdings (HKSE:02003) Effective Interest Rate on Debt % Explanation

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

VCredit Holdings Effective Interest Rate on Debt % Related Terms

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VCredit Holdings (HKSE:02003) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » VCredit Holdings Ltd (HKSE:02003) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

5R6:Germany

Address

19/F Two Pacific Place, Suite 1918, 88 Queensway, Hong Kong, HKG, 200085

Website

https://www.vcredit.com

VCredit Holdings Ltd is an investment holding company and has one operating segment. The Group is a technology-driven consumer financial service provider in the People's Republic of China. The Group offers tailored consumer finance products to prime and near-prime borrowers who are underserved by traditional financial institutions. The Group also offers consumer finance products by facilitating transactions between borrowers and financial institutions.

Executives

Yu Shu Investment Vcc - Rain Tree Asia Equity Fund	2101 Beneficial owner
Ma Ting Hung	2201 Interest of corporation controlled by you
Liu Sai Wang Stephen	2201 Interest of corporation controlled by you
Perfect Castle Development Limited	2101 Beneficial owner
Skyworld-best Limited	2101 Beneficial owner
Cavamont Holdings Limited	2201 Interest of corporation controlled by you
Kwok Chang Shiu Feng	2201 Interest of corporation controlled by you
Kwok Peter Viem	2201 Interest of corporation controlled by you
High Loyal Management Limited	2501 Other
Kwok Lim Ying	2201 Interest of corporation controlled by you
Magic Mount Limited	2101 Beneficial owner
Tpg Group Holdings (sbs), L.p.	2201 Interest of corporation controlled by you
Atlantis China Star Fund Ii Limited	2101 Beneficial owner
Tpg Holdings Iii-a, L.p.	2201 Interest of corporation controlled by you
Tpg Holdings Iii-a, Inc.	2201 Interest of corporation controlled by you

VCredit Holdings (HKSE:02003) Headlines

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