Hailiang Education Group (Hailiang Education Group) Effective Interest Rate on Debt % : 1.24% (As of Jun. 2021)

View and export this data going back to 2015. Start your Free Trial

What is Hailiang Education Group 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. Hailiang Education Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2021 was $0.1 Mil. Hailiang Education Group's average total debt for the quarter that ended in Jun. 2021 was $9.0 Mil. Therefore, Hailiang Education Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 was 1.24%.

Hailiang Education Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Hailiang Education Group'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.

* Premium members only.

Hailiang Education Group Effective Interest Rate on Debt % Chart

Hailiang Education Group Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

3.32

1.30

Hailiang Education Group Quarterly Data
	Sep14	Dec14	Jun15	Sep15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-2.71	1.81	6.26	4.02	1.24

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

For the Education & Training Services subindustry, Hailiang Education Group'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.

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

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

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

Hailiang Education Group Effective Interest Rate on Debt % Calculation

Hailiang Education Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2020 )	+	Total Debt (A: Jun. 2021 ))	/ count )
=	-1 * -0.179	/	( (14.782	+	12.653)	/ 2 )
=	-1 * -0.179	/	13.7175
=	1.30 %

where

	Total Debt (A: Jun. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.648	+	12.134
=	14.782

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.75	+	7.903
=	12.653

Hailiang Education Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2021 )	+	Total Debt (Q: Jun. 2021 ))	/ count )
=	-1 * -0.112	/	( (5.358	+	12.653)	/ 2 )
=	-1 * -0.112	/	9.0055
=	1.24 %

where

	Total Debt (Q: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.675	+	0.683
=	5.358

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.75	+	7.903
=	12.653

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 (Jun. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Hailiang Education Group (NAS:HLG) Effective Interest Rate on Debt % Explanation

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

Hailiang Education Group Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Hailiang Education Group's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hailiang Education Group (Hailiang Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Hailiang Education Group Inc (NAS:HLG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1508 Binsheng Road, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310051

Website

http://www.hailiangeducation.com

Hailiang Education Group Inc provides educational services in China. It offers basic educational and international programs for kindergarten, primary, middle, and high school levels. The company educates students according to their aptitudes, devoting to improve students study ability, cultural accomplishments, and international perspectives. Multilingual teaching is available in Hailiang Education, including Chinese, English, Spanish, Japanese, Korean, and French. Its operating segment includes K-12 educational and management services; Educational training services and others. The company generates maximum revenue from the K-12 educational and management services segment.