Grace Life tech Holdings (HKSE:02112) Effective Interest Rate on Debt % : 13.35% (As of Dec. 2023)

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What is Grace Life tech 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. Grace Life tech Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$123.7 Mil. Grace Life tech Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$927.0 Mil. Therefore, Grace Life tech Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.35%.

Grace Life tech Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Grace Life tech 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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Grace Life tech Holdings Effective Interest Rate on Debt % Chart

Grace Life tech Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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21.06

17.30

11.74

12.21

13.07

Grace Life tech 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															2.51	11.92	12.67	12.80	13.35

Competitive Comparison of Grace Life tech Holdings's Effective Interest Rate on Debt %

For the Steel subindustry, Grace Life tech 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.

Grace Life tech Holdings's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Grace Life tech Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Grace Life tech Holdings Effective Interest Rate on Debt % Calculation

Grace Life tech 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 * -118.553	/	( (868.602	+	945.298)	/ 2 )
=	-1 * -118.553	/	906.95
=	13.07 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	868.602
=	868.602

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	945.298
=	945.298

Grace Life tech 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 * -123.708	/	( (908.691	+	945.298)	/ 2 )
=	-1 * -123.708	/	926.9945
=	13.35 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	908.691
=	908.691

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	945.298
=	945.298

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.

Grace Life tech Holdings (HKSE:02112) Effective Interest Rate on Debt % Explanation

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

Grace Life tech Holdings Effective Interest Rate on Debt % Related Terms

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Grace Life tech Holdings (HKSE:02112) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Grace Life tech Holdings Ltd (HKSE:02112) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 22, D&E, Level 22, Menara Zenith, MSC Kuantan, Putra Square, Kuantan, PHG, MYS, 25200

Website

http://www.caa-resources.com

Grace Life tech Holdings Ltd is engaged in iron ore exploration, mining, crushing, and beneficiation as well as the sale of iron ore products in the form of iron ore concentrates and iron ore fines. The company's segments are the Iron ore mining and processing operation segment, Commercial trade segment, Financing operation segment, Health product trade segment, and other segments. The majority of the company's revenue is derived from the Health product trade segment which includes the trading of health products. Geographically it derives revenue from Hong Kong.

Executives

Haitong International Holdings Limited	2201 Interest of corporation controlled by you
Haitong International Securities Group Limited	2201 Interest of corporation controlled by you
Haitong Securities Co., Ltd.	2201 Interest of corporation controlled by you
Haitong International Finance Company Limited	2101 Beneficial owner
Si Chuan Sheng Chuan Jiu Ji Tuan Guo Ji Mao Yi You Xian Gong Si	2101 Beneficial owner
Ng Khing Yeu	2101 Beneficial owner
En Dian Shi Dai Ji Tuan You Xian Gong Si	2101 Beneficial owner
Cosmo Field Holdings Limited	2101 Beneficial owner
Li Yang	2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Li Yang	2201 Interest of corporation controlled by you
Ample Professional Limited	2106 Person having a security interest in shares
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Haitong International Financial Products (singapore) Pte. Ltd.	2106 Person having a security interest in shares
Haitong International Securities Group (singapore) Pte. Ltd.	2201 Interest of corporation controlled by you

Grace Life tech Holdings (HKSE:02112) Headlines

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