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Hanhua Financial Holding Co (HKSE:03903) Effective Interest Rate on Debt % : 7.96% (As of Dec. 2023)


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What is Hanhua Financial Holding Co 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. Hanhua Financial Holding Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$178.4 Mil. Hanhua Financial Holding Co's average total debt for the quarter that ended in Dec. 2023 was HK$2,240.7 Mil. Therefore, Hanhua Financial Holding Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.96%.


Hanhua Financial Holding Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hanhua Financial Holding Co'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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Hanhua Financial Holding Co Effective Interest Rate on Debt % Chart

Hanhua Financial Holding Co 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 13.81 10.98 10.73 7.82 8.75

Hanhua Financial Holding Co 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 13.13 8.49 8.07 10.70 7.96

Competitive Comparison of Hanhua Financial Holding Co's Effective Interest Rate on Debt %

For the Credit Services subindustry, Hanhua Financial Holding Co'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.


Hanhua Financial Holding Co's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

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

* The bar in red indicates where Hanhua Financial Holding Co's Effective Interest Rate on Debt % falls into.



Hanhua Financial Holding Co Effective Interest Rate on Debt % Calculation

Hanhua Financial Holding Co'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  *  -197.447/( (2038.868+2471.792)/ 2 )
=-1  *  -197.447/2255.33
=8.75 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2038.868 + 0
=2038.868

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2471.792 + 0
=2471.792

Hanhua Financial Holding Co'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  *  -178.38/( (2009.696+2471.792)/ 2 )
=-1  *  -178.38/2240.744
=7.96 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2009.696 + 0
=2009.696

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2471.792 + 0
=2471.792

* 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.


Hanhua Financial Holding Co  (HKSE:03903) Effective Interest Rate on Debt % Explanation

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


Hanhua Financial Holding Co Effective Interest Rate on Debt % Related Terms

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Hanhua Financial Holding Co (HKSE:03903) Business Description

Traded in Other Exchanges
N/A
Address
11 East Honghu Road, 6-9, Building 2, Yubei District, Chongqing, CHN
Hanhua Financial Holding Co Ltd is engaged in the investment business, investment management, and investment advisory. The company offers financial services to serve the financing and business needs of SMEs and microenterprises under several business lines such as credit guarantee, small loans, internet finance, financial factoring, capital management, and financing leases in China. Its segment includes partnership finance business; SME lending; capital investment and management; and others. It derives revenue by provision of integrated financial services and solutions such as credit guarantee business and capital business (capital business includes accounts receivables for factoring business, bill discount business, and entrusted loans), financial assets management, and other services.
Executives
Golden Sapientia Investments Limited 2101 Beneficial owner
Max Wisdom International Industrial Limited 2101 Beneficial owner

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