Cocoon Holdings (HKSE:00428) Effective Interest Rate on Debt % : 7.06% (As of Dec. 2023)

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What is Cocoon 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. Cocoon Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$1.01 Mil. Cocoon Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$14.24 Mil. Therefore, Cocoon Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.06%.

Cocoon Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Cocoon 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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Cocoon Holdings Effective Interest Rate on Debt % Chart

Cocoon Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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17.97

7.64

8.05

11.74

7.20

Cocoon Holdings 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															8.22	7.03	18.89	7.43	7.06

Competitive Comparison of Cocoon Holdings's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Cocoon 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.

Cocoon Holdings's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

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

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

Cocoon Holdings Effective Interest Rate on Debt % Calculation

Cocoon Holdings'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 * -1.033	/	( (14.37	+	14.335)	/ 2 )
=	-1 * -1.033	/	14.3525
=	7.20 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.5	+	0.87
=	14.37

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10	+	4.335
=	14.335

Cocoon Holdings'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 * -1.006	/	( (14.152	+	14.335)	/ 2 )
=	-1 * -1.006	/	14.2435
=	7.06 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10	+	4.152
=	14.152

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10	+	4.335
=	14.335

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.

Cocoon Holdings (HKSE:00428) Effective Interest Rate on Debt % Explanation

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

Cocoon Holdings Effective Interest Rate on Debt % Related Terms

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Cocoon Holdings (HKSE:00428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cocoon Holdings Ltd (HKSE:00428) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 Connaught Road Central, Room 14A, Fortune House, Central, Hong Kong, HKG

Website

https://www.cocoon.holdings

Cocoon Holdings Ltd is a Hong Kong-based investment holding company engaged in investment activities. The Group's business activity is organized into a single operating segment, being investments in securities listed on recognized stock exchanges and unlisted investments with a potential for earnings growth and capital appreciation The Group's revenue comprised dividend income, interest earned from bank deposits and loans and receivables. The group mainly operates its businesses in Hong Kong.

Executives

Yu Po Kwan	2101 Beneficial owner
Solution Smart Holdings Limited	2101 Beneficial owner
Sw Venture Asia Limited	2201 Interest of corporation controlled by you
Yeung Shing Wai	2201 Interest of corporation controlled by you

Cocoon Holdings (HKSE:00428) Headlines

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