Polyard Petroleum International Group (HKSE:08011) Effective Interest Rate on Debt % : 10.00% (As of Sep. 2022)

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What is Polyard Petroleum International 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. Polyard Petroleum International Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was HK$7.84 Mil. Polyard Petroleum International Group's average total debt for the quarter that ended in Sep. 2022 was HK$78.42 Mil. Therefore, Polyard Petroleum International Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 10.00%.

Polyard Petroleum International Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Polyard Petroleum International 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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Polyard Petroleum International Group Effective Interest Rate on Debt % Chart

Polyard Petroleum International Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

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12.91

11.02

12.19

24.88

33.49

Polyard Petroleum International Group Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															33.80	40.45	9.74	9.69	10.00

Competitive Comparison of Polyard Petroleum International Group's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Polyard Petroleum International 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.

Polyard Petroleum International Group's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Polyard Petroleum International Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Polyard Petroleum International Group's Effective Interest Rate on Debt % falls into.

Polyard Petroleum International Group Effective Interest Rate on Debt % Calculation

Polyard Petroleum International Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -26.023	/	( (77	+	78.421)	/ 2 )
=	-1 * -26.023	/	77.7105
=	33.49 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	77
=	77

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	78.421
=	78.421

Polyard Petroleum International Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Sep. 2022 ))	/ count )
=	-1 * -7.844	/	( (78.421	+	0)	/ 1 )
=	-1 * -7.844	/	78.421
=	10.00 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	78.421
=	78.421

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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 four times the quarterly (Sep. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Polyard Petroleum International Group (HKSE:08011) Effective Interest Rate on Debt % Explanation

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

Polyard Petroleum International Group Effective Interest Rate on Debt % Related Terms

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Polyard Petroleum International Group (HKSE:08011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Polyard Petroleum International Group Ltd (HKSE:08011) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.2 Wing Yip Street, Unit 06, 4th Floor, Lu Plaza, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.ppig.com.hk

Polyard Petroleum International Group Ltd is engaged in the exploration, development, and production of oil and natural gas. The operating segments of the company are the exploration of oil, natural gas and coal, trading of petroleum-related products, and provision of technical services for oil and gas exploration and development.

Executives

He Rong Guo	2101 Beneficial owner
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Guoxiang Holdings (hong Kong) Limited	2101 Beneficial owner
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
China Construction Bank Corporation	2201 Interest of corporation controlled by you
Li Suiqing	2201 Interest of corporation controlled by you
East Asia Oil Engineering Group Limited	2101 Beneficial owner
Inwood Support Limited	2201 Interest of corporation controlled by you
Lam Nam	2101 Beneficial owner

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