High Fashion International (HKSE:00608) Effective Interest Rate on Debt % : 5.55% (As of Dec. 2023)

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What is High Fashion International 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. High Fashion International's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$94 Mil. High Fashion International's average total debt for the quarter that ended in Dec. 2023 was HK$1,696 Mil. Therefore, High Fashion International's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.55%.

High Fashion International Effective Interest Rate on Debt % Historical Data

The historical data trend for High Fashion International'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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High Fashion International Effective Interest Rate on Debt % Chart

High Fashion International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.59

1.85

1.69

2.59

4.79

High Fashion International 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															1.76	1.56	3.57	3.89	5.55

Competitive Comparison of High Fashion International's Effective Interest Rate on Debt %

For the Apparel Manufacturing subindustry, High Fashion International'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.

High Fashion International's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, High Fashion International's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where High Fashion International's Effective Interest Rate on Debt % falls into.

High Fashion International Effective Interest Rate on Debt % Calculation

High Fashion International'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 * -80.706	/	( (1715.683	+	1651.56)	/ 2 )
=	-1 * -80.706	/	1683.6215
=	4.79 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1160.29	+	555.393
=	1715.683

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	747.404	+	904.156
=	1651.56

High Fashion International'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 * -94.124	/	( (1740.26	+	1651.56)	/ 2 )
=	-1 * -94.124	/	1695.91
=	5.55 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	789.198	+	951.062
=	1740.26

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	747.404	+	904.156
=	1651.56

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.

High Fashion International (HKSE:00608) Effective Interest Rate on Debt % Explanation

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

High Fashion International Effective Interest Rate on Debt % Related Terms

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High Fashion International (HKSE:00608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » High Fashion International Ltd (HKSE:00608) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11 Kwai Hei Street, Kwai Chung, 11th Floor, High Fashion Centre, New Territories, Hong Kong, HKG

Website

https://www.highfashion.com.hk

High Fashion International Ltd is an investment holding company. It is engaged in the manufacture and trading of garments, as well as property investment and development.. The company's operating segments include the Manufacturing and trading of garments; and Property investment and development. The company operates in the United States, Greater China, Europe, and Other countries. It generates majority of the revenue from China.

Executives

Lam Foo Wah	2307 Founder of a discretionary trust who can infl
High Fashion Charitable Foundation Limited	2101 Beneficial owner
Leung Shuk Bing	2202 Interest of your spouse
Hinton Company Limited	2101 Beneficial owner

High Fashion International (HKSE:00608) Headlines

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