BOC Hong Kong Holdings (BOC Hong Kong Holdings) Effective Interest Rate on Debt % : 109.26% (As of Dec. 2023)

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What is BOC Hong Kong 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. BOC Hong Kong Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $11,107 Mil. BOC Hong Kong Holdings's average total debt for the quarter that ended in Dec. 2023 was $10,165 Mil. Therefore, BOC Hong Kong Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 109.26%.

BOC Hong Kong Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for BOC Hong Kong 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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BOC Hong Kong Holdings Effective Interest Rate on Debt % Chart

BOC Hong Kong Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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145.10

179.18

283.77

58.83

96.70

BOC Hong Kong 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															333.62	304.36	85.35	83.89	109.26

Competitive Comparison of BOC Hong Kong Holdings's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, BOC Hong Kong 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.

BOC Hong Kong Holdings's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

BOC Hong Kong Holdings Effective Interest Rate on Debt % Calculation

BOC Hong Kong 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 * -9912.034	/	( (10446.348	+	10055.059)	/ 2 )
=	-1 * -9912.034	/	10250.7035
=	96.70 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10446.348	+	0
=	10446.348

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10055.059	+	0
=	10055.059

BOC Hong Kong 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 * -11106.558	/	( (10274.607	+	10055.059)	/ 2 )
=	-1 * -11106.558	/	10164.833
=	109.26 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10274.607	+	0
=	10274.607

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10055.059	+	0
=	10055.059

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.

BOC Hong Kong Holdings (OTCPK:BHKLY) Effective Interest Rate on Debt % Explanation

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

BOC Hong Kong Holdings Effective Interest Rate on Debt % Related Terms

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BOC Hong Kong Holdings (BOC Hong Kong Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BOC Hong Kong Holdings Ltd (OTCPK:BHKLY) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

BNKHF:USA 02388:Hong Kong BOF:Germany

Address

1 Garden Road, 53rd Floor, Bank of China Tower, Hong Kong, HKG

Website

https://www.bochk.com

Bank of China Hong Kong, or BOCHK, is a subsidiary of Bank of China. It is the second-largest bank in Hong Kong in terms of loan and deposit market shares. Although BOCHK is legally separate from Bank of China, it maintains close relationships with it in management, administration, and business relations. The two companies also cooperate in several areas, including the reselling of Bank of China's insurance and securities services. Bank of China holds a 66% stake in BOCHK.

BOC Hong Kong Holdings (BOC Hong Kong Holdings) Headlines

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