Glorious Sun Enterprises (FRA:GLV) Effective Interest Rate on Debt % : 3.76% (As of Dec. 2024)

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What is Glorious Sun Enterprises 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. Glorious Sun Enterprises's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was €0.1 Mil. Glorious Sun Enterprises's average total debt for the quarter that ended in Dec. 2024 was €2.9 Mil. Therefore, Glorious Sun Enterprises's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 3.76%.

Glorious Sun Enterprises Effective Interest Rate on Debt % Historical Data

The historical data trend for Glorious Sun Enterprises'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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Glorious Sun Enterprises Effective Interest Rate on Debt % Chart

Glorious Sun Enterprises Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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3.55

4.96

5.80

4.59

8.07

Glorious Sun Enterprises Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.77	7.29	1.91	11.23	3.76

Competitive Comparison of Glorious Sun Enterprises's Effective Interest Rate on Debt %

For the Consulting Services subindustry, Glorious Sun Enterprises'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.

Glorious Sun Enterprises's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Glorious Sun Enterprises's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Glorious Sun Enterprises's Effective Interest Rate on Debt % falls into.

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Glorious Sun Enterprises Effective Interest Rate on Debt % Calculation

Glorious Sun Enterprises's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -0.284	/	( (4.531	+	2.507)	/ 2 )
=	-1 * -0.284	/	3.519
=	8.07 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.118	+	2.413
=	4.531

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.713	+	0.794
=	2.507

Glorious Sun Enterprises's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -0.11	/	( (3.344	+	2.507)	/ 2 )
=	-1 * -0.11	/	2.9255
=	3.76 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.004	+	1.34
=	3.344

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.713	+	0.794
=	2.507

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

Glorious Sun Enterprises (FRA:GLV) Effective Interest Rate on Debt % Explanation

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

Glorious Sun Enterprises Effective Interest Rate on Debt % Related Terms

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Glorious Sun Enterprises Business Description

Industry

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00393:Hong Kong

Address

1 Wang Yuen Street, 38th Floor, One Kowloon, Kowloon Bay, HKG

Website

https://www.glorisun.com

Glorious Sun Enterprises Ltd is an investment holding company engaged in financial investments, interior decoration and renovation, and export and retailing of casual wear. It is engaged in the business segments of Financial investments; Interior decoration and renovation; Export operations; Retail, franchise, and others. The interior decoration and renovation segment, which is the key revenue-generating segment, engages in the interior decoration and renovation, and the sale of the furniture business. The group derives revenue from Mainland China, Hong Kong, Australia and New Zealand, the U.S., Canada, and other countries.