Cornerstone Financial Holdings (HKSE:08112) Effective Interest Rate on Debt % : 18.60% (As of Dec. 2023)

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What is Cornerstone Financial 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. Cornerstone Financial Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$2.80 Mil. Cornerstone Financial Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$15.06 Mil. Therefore, Cornerstone Financial Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 18.60%.

Cornerstone Financial Holdings Effective Interest Rate on Debt % Historical Data

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

Cornerstone Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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11.43

3.18

3.56

4.91

8.29

Cornerstone Financial Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.80	5.97	6.42	5.47	18.60

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

For the Advertising Agencies subindustry, Cornerstone Financial 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.

Cornerstone Financial Holdings's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cornerstone Financial Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Cornerstone Financial Holdings Effective Interest Rate on Debt % Calculation

Cornerstone Financial 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 * -1.918	/	( (31.235	+	15.056)	/ 2 )
=	-1 * -1.918	/	23.1455
=	8.29 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.408	+	15.827
=	31.235

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.667	+	13.389
=	15.056

Cornerstone Financial 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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -2.8	/	( (0	+	15.056)	/ 1 )
=	-1 * -2.8	/	15.056
=	18.60 %

where

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

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.667	+	13.389
=	15.056

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Cornerstone Financial Holdings (HKSE:08112) Effective Interest Rate on Debt % Explanation

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

Cornerstone Financial Holdings Effective Interest Rate on Debt % Related Terms

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Cornerstone Financial Holdings (HKSE:08112) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cornerstone Financial Holdings Ltd (HKSE:08112) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Hysan Avenue, Room 802, 8th Floor, Lee Garden Five, Causeway Bay, Hong Kong, HKG

Website

http://www.cs8112.com

Cornerstone Financial Holdings Ltd is an investment holding company. Its operating segment includes Advertising and Media, Financial Services, and Retail of skin care products. It generates maximum revenue from the Advertising and media segment. Geographically it operates in Hong Kong and Singapore and the majority of its revenue is from Hong Kong.

Executives

Masan Capital Limited	2102 Investment manager
Masan Multi Strategy Fund Spc - Masan Hk Equity Fund Sp	2101 Beneficial owner
Top Lion International Limited	2201 Interest of corporation controlled by you

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