Glory Sun Land Group (HKSE:00299) Effective Interest Rate on Debt % : 2.85% (As of Dec. 2023)

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What is Glory Sun Land 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. Glory Sun Land Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$136 Mil. Glory Sun Land Group's average total debt for the quarter that ended in Dec. 2023 was HK$4,765 Mil. Therefore, Glory Sun Land Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.85%.

Glory Sun Land Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Glory Sun Land 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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Glory Sun Land Group Effective Interest Rate on Debt % Chart

Glory Sun Land Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.48

0.93

1.22

2.54

2.38

Glory Sun Land 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															0.09	0.71	4.59	2.32	2.85

Competitive Comparison of Glory Sun Land Group's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Glory Sun Land 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.

Glory Sun Land Group's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Glory Sun Land Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Glory Sun Land Group's Effective Interest Rate on Debt % falls into.

Glory Sun Land Group Effective Interest Rate on Debt % Calculation

Glory Sun Land Group'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 * -133.787	/	( (6533.755	+	4695.926)	/ 2 )
=	-1 * -133.787	/	5614.8405
=	2.38 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	960.597	+	5573.158
=	6533.755

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	741.355	+	3954.571
=	4695.926

Glory Sun Land 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 * -135.866	/	( (4834.967	+	4695.926)	/ 2 )
=	-1 * -135.866	/	4765.4465
=	2.85 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	465.564	+	4369.403
=	4834.967

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	741.355	+	3954.571
=	4695.926

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.

Glory Sun Land Group (HKSE:00299) Effective Interest Rate on Debt % Explanation

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

Glory Sun Land Group Effective Interest Rate on Debt % Related Terms

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Glory Sun Land Group (HKSE:00299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Glory Sun Land Group Ltd (HKSE:00299) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

Tower Two, Lippo Centre, Unit 1305, 13th Floor, No. 89 Queensway, Admiralty, Hong Kong, HKG

Website

http://www.hk0299.com

Glory Sun Land Group Ltd is engaged in the trading of commodities in the People's Republic of China. The company's business segments are The real estate and property investment segment includes property development and property investment, the Trading of commodities segment includes the trading of commodities, the Construction segment includes the provision of construction works, Others segment includes the operation of a golf practicing court, operation of children's playrooms, operation of fitness rooms, operation of a karaoke box, and trading of home appliances and building materials.

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