Power Assets Holdings (HKSE:00006) Effective Interest Rate on Debt % : 4.20% (As of Dec. 2023)

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What is Power Assets 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. Power Assets Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$134 Mil. Power Assets Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$3,188 Mil. Therefore, Power Assets Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.20%.

Power Assets Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Power Assets 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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Power Assets Holdings Effective Interest Rate on Debt % Chart

Power Assets Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.84

2.47

3.53

3.12

4.51

Power Assets 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															3.52	3.35	2.85	4.67	4.20

Competitive Comparison of Power Assets Holdings's Effective Interest Rate on Debt %

For the Utilities - Independent Power Producers subindustry, Power Assets 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.

Power Assets Holdings's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Power Assets Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Power Assets Holdings Effective Interest Rate on Debt % Calculation

Power Assets 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 * -143	/	( (3239	+	3101)	/ 2 )
=	-1 * -143	/	3170
=	4.51 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3237	+	2
=	3239

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3098	+	3
=	3101

Power Assets 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 * -134	/	( (3274	+	3101)	/ 2 )
=	-1 * -134	/	3187.5
=	4.20 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3271	+	3
=	3274

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3098	+	3
=	3101

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.

Power Assets Holdings (HKSE:00006) Effective Interest Rate on Debt % Explanation

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

Power Assets Holdings Effective Interest Rate on Debt % Related Terms

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Power Assets Holdings (HKSE:00006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Power Assets Holdings Ltd (HKSE:00006) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

HGKGY:USA HGKGF:USA HEH:Germany

Address

2 Queen's Road Central, Unit 2005, 20th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.powerassets.com

Power Assets Holdings is an investment holding company with a focus on regulated utility assets. The firm owns a portfolio of regulated electricity and gas assets and similarly stable utilities in Hong Kong, the U.K., Australia, Canada, Europe, and New Zealand. Profit from its regulated assets make up around 80% of total income, with contribution from its U.K. and Australian assets totaling more than 60% of group profit. The firm is part of CK Hutchison Holdings, a Hong Kong-based multinational conglomerate, and is currently 36% owned by CK Infrastructure Holdings.

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