Able Engineering Holdings (HKSE:01627) Effective Interest Rate on Debt % : 4.91% (As of Sep. 2023)

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What is Able Engineering 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. Able Engineering Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was HK$30 Mil. Able Engineering Holdings's average total debt for the quarter that ended in Sep. 2023 was HK$611 Mil. Therefore, Able Engineering Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 4.91%.

Able Engineering Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Able Engineering 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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Able Engineering Holdings Effective Interest Rate on Debt % Chart

Able Engineering Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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140.05

2.17

1.71

1.47

3.74

Able Engineering Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial													1.54	1.95	2.44	6.19	4.91

Competitive Comparison of Able Engineering Holdings's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Able Engineering 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.

Able Engineering Holdings's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Able Engineering Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Able Engineering Holdings Effective Interest Rate on Debt % Calculation

Able Engineering Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -24.508	/	( (715.676	+	594.787)	/ 2 )
=	-1 * -24.508	/	655.2315
=	3.74 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	482.5	+	233.176
=	715.676

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	483.5	+	111.287
=	594.787

Able Engineering Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -29.996	/	( (594.787	+	626.26)	/ 2 )
=	-1 * -29.996	/	610.5235
=	4.91 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	483.5	+	111.287
=	594.787

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	483.5	+	142.76
=	626.26

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

Able Engineering Holdings (HKSE:01627) Effective Interest Rate on Debt % Explanation

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

Able Engineering Holdings Effective Interest Rate on Debt % Related Terms

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Able Engineering Holdings (HKSE:01627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Able Engineering Holdings Ltd (HKSE:01627) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

No. 155 Waterloo Road, Kowloon Tong, Kowloon, Hong Kong, HKG

Website

https://www.ableeng.com.hk

Able Engineering Holdings Ltd is engaged in building construction and repair, maintenance, alteration, and addition (RMAA) . The company is engaged in the construction and renovation of residential buildings, the design and construction of government facilities, skeleton fabrication, school reconstruction, public rental housing construction, and public housing construction. The company's projects include Project A9 in Kowloon City, project A10 in Tai Lam, project A11 in Ho Man Tin, project A12 in Repulse Bay, and others. Geographically, it derives revenue from Hong Kong.

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