China New Economy Fund (HKSE:00080) Effective Interest Rate on Debt % : 11.76% (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is China New Economy Fund 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. China New Economy Fund's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$0.24 Mil. China New Economy Fund's average total debt for the quarter that ended in Dec. 2023 was HK$2.01 Mil. Therefore, China New Economy Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 11.76%.

China New Economy Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for China New Economy Fund'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.

China New Economy Fund Effective Interest Rate on Debt % Chart

China New Economy Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

475.39

201.20

23.35

13.00

18.25

China New Economy Fund Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															12.15	5.31	22.68	8.28	11.76

Competitive Comparison of China New Economy Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, China New Economy Fund'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.

China New Economy Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, China New Economy Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China New Economy Fund's Effective Interest Rate on Debt % falls into.

China New Economy Fund Effective Interest Rate on Debt % Calculation

China New Economy Fund'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 * -0.182	/	( (0.537	+	1.458)	/ 2 )
=	-1 * -0.182	/	0.9975
=	18.25 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.13	+	0.407
=	0.537

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.198	+	1.26
=	1.458

China New Economy Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.236	/	( (2.555	+	1.458)	/ 2 )
=	-1 * -0.236	/	2.0065
=	11.76 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.786	+	1.769
=	2.555

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.198	+	1.26
=	1.458

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

China New Economy Fund (HKSE:00080) Effective Interest Rate on Debt % Explanation

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

China New Economy Fund Effective Interest Rate on Debt % Related Terms

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

China New Economy Fund (HKSE:00080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China New Economy Fund Ltd (HKSE:00080) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Wing Lok Street, 22 Floor, CS Tower, Sheung Wan, Hong Kong, HKG

Website

http://www.chinaneweconomyfund.com

China New Economy Fund Ltd is a Hong Kong-based company principally engaged in investment. The principal investment objective of the Company is to achieve long-term capital appreciation through investing in private or listed enterprises in China, Hong Kong, Macau, and Taiwan. The Company operates through two segments. The Listed Securities segment is engaged in investment in listed securities. The Unlisted Securities segment is engaged in investment in private equity funds and private equities. The investment manager of the Company is China Everbright Securities (HK) Limited.

Executives

Sunwah Tongfang Limited	2201 Interest of corporation controlled by you
Gold Pond International Limited	2101 Beneficial owner
Luo Yan	2201 Interest of corporation controlled by you
Sui Xiao Chun	2101 Beneficial owner
Li Kun Jin	2201 Interest of corporation controlled by you
Wei Cheng Ke Ji Tou Zi Kong Gu Shen Zhen You Xian Gong Si	2201 Interest of corporation controlled by you
Festival Developments Limited	2201 Interest of corporation controlled by you
Kingsway Lion Spur Technology Limited	2101 Beneficial owner
Sunwah Kingsway Capital Holdings Limited	2201 Interest of corporation controlled by you
Choi Koon Shum	2201 Interest of corporation controlled by you
Yang Kun	2101 Beneficial owner
Cas International Investment Management Company Limited	2201 Interest of corporation controlled by you
Cas International Investments Holdings Co., Limited	2201 Interest of corporation controlled by you
China Science International Investment Company Limited	2201 Interest of corporation controlled by you
Jiang Lei	2201 Interest of corporation controlled by you

China New Economy Fund (HKSE:00080) Headlines

No Headlines