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Sincere Watch (Hong Kong) (HKSE:00444) Effective Interest Rate on Debt % : 4.75% (As of Sep. 2023)


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What is Sincere Watch (Hong Kong) 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. Sincere Watch (Hong Kong)'s annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was HK$17.8 Mil. Sincere Watch (Hong Kong)'s average total debt for the quarter that ended in Sep. 2023 was HK$375.0 Mil. Therefore, Sincere Watch (Hong Kong)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 4.75%.


Sincere Watch (Hong Kong) Effective Interest Rate on Debt % Historical Data

The historical data trend for Sincere Watch (Hong Kong)'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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Sincere Watch (Hong Kong) Effective Interest Rate on Debt % Chart

Sincere Watch (Hong Kong) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.19 5.75 3.17 5.91 5.50

Sincere Watch (Hong Kong) Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.45 6.14 5.90 6.06 4.75

Competitive Comparison of Sincere Watch (Hong Kong)'s Effective Interest Rate on Debt %

For the Luxury Goods subindustry, Sincere Watch (Hong Kong)'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.


Sincere Watch (Hong Kong)'s Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sincere Watch (Hong Kong)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sincere Watch (Hong Kong)'s Effective Interest Rate on Debt % falls into.



Sincere Watch (Hong Kong) Effective Interest Rate on Debt % Calculation

Sincere Watch (Hong Kong)'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -20.293/( (367.226+371.202)/ 2 )
=-1  *  -20.293/369.214
=5.50 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=301.116 + 66.11
=367.226

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=264.508 + 106.694
=371.202

Sincere Watch (Hong Kong)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -17.804/( (371.202+378.818)/ 2 )
=-1  *  -17.804/375.01
=4.75 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=264.508 + 106.694
=371.202

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=330.816 + 48.002
=378.818

* 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.

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


Sincere Watch (Hong Kong)  (HKSE:00444) Effective Interest Rate on Debt % Explanation

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


Sincere Watch (Hong Kong) Effective Interest Rate on Debt % Related Terms

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Sincere Watch (Hong Kong) (HKSE:00444) Business Description

Traded in Other Exchanges
N/A
Address
20/F China Merchants Tower, Shun Tak Centre, Unit 2016–2018, 168–200 Connaught Road Central, Hong Kong, HKG
Sincere Watch (Hong Kong) Ltd sells luxury third-party-branded watches, timepieces, and accessories in Asia. The majority of its sales are in Mainland China and Macau, with the remaining sales in Hong Kong. Brands that Sincere sells include Franck Muller, CVSTOS, Pierre Kunz, European Company Watch, and Backes & Strauss. The company sells merchandise through retail outlets operated by independent watch dealers and through its company-operated boutiques. Sincere also has a dining business that accounts for a small amount of total revenue.
Executives
Allied Group Limited 2201 Interest of corporation controlled by you
Shipshape Investments Limited 2201 Interest of corporation controlled by you
Sun Hung Kai & Co. Limited 2201 Interest of corporation controlled by you
Sun Hung Kai Structured Finance Limited 2106 Person having a security interest in shares
Lee Seng Huang 2201 Interest of corporation controlled by you
Lee Su Hwei 2201 Interest of corporation controlled by you
Be Bright Limited 2101 Beneficial owner
Chu Yuet Wah
Allied Properties (h.k.) Limited 2201 Interest of corporation controlled by you
Asia Gate Holdings Co., Ltd. 2201 Interest of corporation controlled by you
Sky League Limited 2101 Beneficial owner
Wang Fang 2201 Interest of corporation controlled by you
Allied Crown Investment Limited 2101 Beneficial owner
Bai Ning 2201 Interest of corporation controlled by you
Brilliant World Limited 2101 Beneficial owner

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