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China Education Group Holdings (HKSE:00839) Effective Interest Rate on Debt % : 6.30% (As of Aug. 2023)


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What is China Education Group 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. China Education Group Holdings's annualized positive value of Interest Expense for the quarter that ended in Aug. 2023 was HK$602 Mil. China Education Group Holdings's average total debt for the quarter that ended in Aug. 2023 was HK$9,566 Mil. Therefore, China Education Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 was 6.30%.


China Education Group Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for China Education Group 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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China Education Group Holdings Effective Interest Rate on Debt % Chart

China Education Group Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Aug19 Aug20 Aug21 Aug22 Aug23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 2.01 1.96 2.44 3.47 5.13

China Education Group Holdings Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 3.13 3.73 4.33 6.30 5.22

Competitive Comparison of China Education Group Holdings's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, China Education Group 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.


China Education Group Holdings's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China Education Group Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Education Group Holdings's Effective Interest Rate on Debt % falls into.



China Education Group Holdings Effective Interest Rate on Debt % Calculation

China Education Group Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2022 )+Total Debt  (A: Aug. 2023 ))/ count )
=-1  *  -506.378/( (10365.544+9370.701)/ 2 )
=-1  *  -506.378/9868.1225
=5.13 %

where

Total Debt  (A: Aug. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8222.978 + 2142.566
=10365.544

Total Debt  (A: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7631.307 + 1739.394
=9370.701

China Education Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Feb. 2023 )+Total Debt  (Q: Aug. 2023 ))/ count )
=-1  *  -602.472/( (9761.251+9370.701)/ 2 )
=-1  *  -602.472/9565.976
=6.30 %

where

Total Debt  (Q: Feb. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7063.308 + 2697.943
=9761.251

Total Debt  (Q: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7631.307 + 1739.394
=9370.701

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


China Education Group Holdings  (HKSE:00839) Effective Interest Rate on Debt % Explanation

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


China Education Group Holdings Effective Interest Rate on Debt % Related Terms

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China Education Group Holdings (HKSE:00839) Business Description

Traded in Other Exchanges
Address
18 Harbour Road, Suite 6703–04, 67th Floor, Central Plaza, Wanchai, Hong Kong, HKG
China Education Group Holdings Ltd is a leading ultra-large-scale private education group in China with 30 years of experience in higher education operations. CEG's schools offer both higher vocational education and secondary vocational education. The school network spans domestic China and overseas. CEG also offers continuing education to full-time working adults. The group's total enrolled full-time students in China expanded more than 3 times over the last six years to about 248,000 as of August 2023. The rapid growth is primarily attributable to school acquisitions. CEG currently operates 14 schools, up from only 3 in 2017.

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