Lufax Holding (FRA:0VU1) Effective Interest Rate on Debt % : 0.50% (As of Sep. 2024)

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What is Lufax Holding 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. Lufax Holding's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was €30 Mil. Lufax Holding's average total debt for the quarter that ended in Sep. 2024 was €6,055 Mil. Therefore, Lufax Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 0.50%.

Lufax Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for Lufax Holding'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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Lufax Holding Effective Interest Rate on Debt % Chart

Lufax Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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20.72

28.67

29.32

26.73

18.26

Lufax Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.35	80.46	0.50	21.88	0.50

Competitive Comparison of Lufax Holding's Effective Interest Rate on Debt %

For the Credit Services subindustry, Lufax Holding'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.

Lufax Holding's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Lufax Holding's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Lufax Holding's Effective Interest Rate on Debt % falls into.

Lufax Holding Effective Interest Rate on Debt % Calculation

Lufax Holding'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 * -1182.875	/	( (7191.975	+	5761.302)	/ 2 )
=	-1 * -1182.875	/	6476.6385
=	18.26 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7191.975	+	0
=	7191.975

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5761.302	+	0
=	5761.302

Lufax Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -30.3	/	( (6049.784	+	6060.351)	/ 2 )
=	-1 * -30.3	/	6055.0675
=	0.50 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6049.784	+	0
=	6049.784

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6060.351	+	0
=	6060.351

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 (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Lufax Holding (FRA:0VU1) Effective Interest Rate on Debt % Explanation

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

Lufax Holding Effective Interest Rate on Debt % Related Terms

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Lufax Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Lufax Holding Ltd (FRA:0VU1) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

LU:USA 06623:Hong Kong 0VU0:Germany

Address

Jinxiu East Road, Lane 2777, Pudong New District, Building No. 6, Shanghai, CHN

Website

https://www.lu.com

Lufax Holding Ltd is a technology-empowered personal financial services platform in China. The company address the large unmet demand for personal lending among small business owners as well as salaried workers in China and provides tailor-made wealth management solutions to China's middle class and affluent population. Its platform has two hubs namely Retail Credit Facilitation Hub and Wealth Management Hub.

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