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Rare Earth Magnesium Technology Group Holdings (HKSE:00601) Effective Interest Rate on Debt % : 7.46% (As of Dec. 2023)


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What is Rare Earth Magnesium Technology Group 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. Rare Earth Magnesium Technology Group Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$50.1 Mil. Rare Earth Magnesium Technology Group Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$670.7 Mil. Therefore, Rare Earth Magnesium Technology Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.46%.


Rare Earth Magnesium Technology Group Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Rare Earth Magnesium Technology Group 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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Rare Earth Magnesium Technology Group Holdings Effective Interest Rate on Debt % Chart

Rare Earth Magnesium Technology Group Holdings Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.01 11.22 7.94 2.76 7.38

Rare Earth Magnesium Technology Group Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 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 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 10.01 5.84 -1.11 7.31 7.46

Competitive Comparison of Rare Earth Magnesium Technology Group Holdings's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Rare Earth Magnesium Technology Group 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.


Rare Earth Magnesium Technology Group Holdings's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rare Earth Magnesium Technology Group Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Rare Earth Magnesium Technology Group Holdings's Effective Interest Rate on Debt % falls into.



Rare Earth Magnesium Technology Group Holdings Effective Interest Rate on Debt % Calculation

Rare Earth Magnesium Technology Group 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  *  -48.793/( (640.152+682.018)/ 2 )
=-1  *  -48.793/661.085
=7.38 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=525.56 + 114.592
=640.152

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=570.79 + 111.228
=682.018

Rare Earth Magnesium Technology Group 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  *  -50.06/( (659.385+682.018)/ 2 )
=-1  *  -50.06/670.7015
=7.46 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=547.523 + 111.862
=659.385

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=570.79 + 111.228
=682.018

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


Rare Earth Magnesium Technology Group Holdings  (HKSE:00601) Effective Interest Rate on Debt % Explanation

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


Rare Earth Magnesium Technology Group Holdings Effective Interest Rate on Debt % Related Terms

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Rare Earth Magnesium Technology Group Holdings (HKSE:00601) Business Description

Traded in Other Exchanges
N/A
Address
The Gateway, 16th Floor, Tower 5, Tsim Sha Tsui, Kowloon, Harbour city, Hong Kong, HKG
Rare Earth Magnesium Technology Group Holdings Ltd is to develop, produce and sell magnesium alloy series products. The company is principally engaged in one single segment, which is manufacturing and selling magnesium-related products. The company's products include magnesium ingots, semi-coke, and ferroalloy. Geographically, it derives the majority of its revenue from Mainland China and also has a presence in Europe.

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