HKGEF (Hong Kong Economic Times Holdings) Effective Interest Rate on Debt % : 10.00% (As of Sep. 2024)

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What is Hong Kong Economic Times 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. Hong Kong Economic Times Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.1 Mil. Hong Kong Economic Times Holdings's average total debt for the quarter that ended in Sep. 2024 was $0.9 Mil. Therefore, Hong Kong Economic Times Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 10.00%.

Hong Kong Economic Times Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Hong Kong Economic Times 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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Hong Kong Economic Times Holdings Effective Interest Rate on Debt % Chart

Hong Kong Economic Times Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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4.64

2.93

1.91

6.53

4.00

Hong Kong Economic Times Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.58	3.63	3.78	4.40	10.00

Competitive Comparison of Hong Kong Economic Times Holdings's Effective Interest Rate on Debt %

For the Publishing subindustry, Hong Kong Economic Times 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.

Hong Kong Economic Times Holdings's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hong Kong Economic Times Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hong Kong Economic Times Holdings's Effective Interest Rate on Debt % falls into.

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Hong Kong Economic Times Holdings Effective Interest Rate on Debt % Calculation

Hong Kong Economic Times Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -0.036	/	( (1.525	+	0.273)	/ 2 )
=	-1 * -0.036	/	0.899
=	4.00 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.179	+	1.346
=	1.525

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.046	+	0.227
=	0.273

Hong Kong Economic Times Holdings'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: Mar. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -0.09	/	( (0.273	+	1.527)	/ 2 )
=	-1 * -0.09	/	0.9
=	10.00 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.046	+	0.227
=	0.273

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.435	+	1.092
=	1.527

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

Hong Kong Economic Times Holdings (OTCPK:HKGEF) Effective Interest Rate on Debt % Explanation

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

Hong Kong Economic Times Holdings Effective Interest Rate on Debt % Related Terms

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Hong Kong Economic Times Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hong Kong Economic Times Holdings Ltd (OTCPK:HKGEF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

00423:Hong Kong

Address

321 Java Road, 6th Floor, Kodak House II, North Point, Hong Kong, HKG

Website

http://www.hketgroup.com

Hong Kong Economic Times Holdings Ltd is an investment holding company. It is engaged in the printing and publishing of newspapers and magazines and the operation of their associated digital businesses; the operation of recruitment advertising and lifestyle platforms; and the provision of electronic financial and property market information services. Its segments are Media segment, majority revenue deriving segment, engaged in the printing and publication of newspapers, magazines and books and the operation of digital platforms, including recruitment, finance and lifestyle; and Financial news agency, information and solutions segment.