Heng Tai Consumables Group (HKSE:00197) Effective Interest Rate on Debt % : 2.35% (As of Dec. 2023)

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What is Heng Tai Consumables Group 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. Heng Tai Consumables Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$0.4 Mil. Heng Tai Consumables Group's average total debt for the quarter that ended in Dec. 2023 was HK$15.0 Mil. Therefore, Heng Tai Consumables Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.35%.

Heng Tai Consumables Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Heng Tai Consumables Group'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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Heng Tai Consumables Group Effective Interest Rate on Debt % Chart

Heng Tai Consumables Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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0.39

2.22

1.82

1.96

2.68

Heng Tai Consumables Group 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															1.40	2.47	3.22	2.25	2.35

Competitive Comparison of Heng Tai Consumables Group's Effective Interest Rate on Debt %

For the Farm Products subindustry, Heng Tai Consumables Group'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.

Heng Tai Consumables Group's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Heng Tai Consumables Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Heng Tai Consumables Group's Effective Interest Rate on Debt % falls into.

Heng Tai Consumables Group Effective Interest Rate on Debt % Calculation

Heng Tai Consumables Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.55	/	( (23.313	+	17.769)	/ 2 )
=	-1 * -0.55	/	20.541
=	2.68 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.845	+	15.468
=	23.313

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.687	+	12.082
=	17.769

Heng Tai Consumables Group'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 * -0.354	/	( (17.769	+	12.307)	/ 2 )
=	-1 * -0.354	/	15.038
=	2.35 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.687	+	12.082
=	17.769

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.517	+	6.79
=	12.307

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.

Heng Tai Consumables Group (HKSE:00197) Effective Interest Rate on Debt % Explanation

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

Heng Tai Consumables Group Effective Interest Rate on Debt % Related Terms

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Heng Tai Consumables Group (HKSE:00197) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Heng Tai Consumables Group Ltd (HKSE:00197) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Connaught Road West, 31st Floor, Guangdong Finance Building, Sheung Wan, Hong Kong, HKG

Website

http://www.hengtai.com.hk

Heng Tai Consumables Group Ltd is engaged in the business of sale of fast-moving consumer goods (FMCG), agro-products and logistics services. The FMCG trading business segment, which is the key revenue driver, involves the sale and trading of packaged foods, beverages, household consumable products, and cold chain products; the Agri-products business segment cultivates, sells and trades fresh and processed fruits and vegetables. Geographically, it derives a majority of revenue from China.

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