New Times (HKSE:00166) Effective Interest Rate on Debt % : 108.35% (As of Dec. 2024)

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What is New Times 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. New Times's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was HK$27 Mil. New Times's average total debt for the quarter that ended in Dec. 2024 was HK$25 Mil. Therefore, New Times's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 108.35%.

New Times Effective Interest Rate on Debt % Historical Data

The historical data trend for New Times'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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New Times Effective Interest Rate on Debt % Chart

New Times Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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7.29

15.16

92.54

213.70

143.36

New Times 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															86.03	204.01	222.59	166.10	108.35

Competitive Comparison of New Times's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, New Times'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.

New Times's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, New Times's Effective Interest Rate on Debt % distribution charts can be found below:

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

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New Times Effective Interest Rate on Debt % Calculation

New Times'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 * -32.9	/	( (22	+	23.9)	/ 2 )
=	-1 * -32.9	/	22.95
=	143.36 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.2	+	5.8
=	22

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.5	+	6.4
=	23.9

New Times'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 * -26.6	/	( (25.2	+	23.9)	/ 2 )
=	-1 * -26.6	/	24.55
=	108.35 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.8	+	5.4
=	25.2

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.5	+	6.4
=	23.9

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.

New Times (HKSE:00166) Effective Interest Rate on Debt % Explanation

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

New Times Effective Interest Rate on Debt % Related Terms

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New Times Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Times Corp Ltd (HKSE:00166) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

16-18 Queen’s Road Central, Room 1402, 14th Floor, New World Tower I, Hong Kong, HKG

Website

https://www.nt-energy.com

New Times Corp Ltd is an investment holding company. The company operates its business through two segments. The General and commodities refinery and trading, and the Upstream segment. The company generates maximum revenue from the General and commodities refinery and trading segment, which includes refinery and trading of precious metals and petroleum-related products. The Upstream segment is engaged in the exploration, development, production, and sale of oil and gas in Canada and Argentina. The company's geographical segments are Hong Kong, Canada, and Argentina, of which Hong Kong accounts for the majority of its revenue.

Executives

Elberta Holdings Limited	2101 Beneficial owner
Cheng Yu Tung Family (holdings Ii) Limited	2201 Interest of corporation controlled by you
Cheng Yu Tung Family (holdings) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook (holding) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Capital Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Nominee Limited	2201 Interest of corporation controlled by you
Max Sun Enterprises Limited	2101 Beneficial owner

New Times Headlines

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