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Carry Wealth Holdings (HKSE:00643) Effective Interest Rate on Debt % : 56.24% (As of Dec. 2024)


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What is Carry Wealth 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. Carry Wealth Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was HK$10.5 Mil. Carry Wealth Holdings's average total debt for the quarter that ended in Dec. 2024 was HK$18.7 Mil. Therefore, Carry Wealth Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 56.24%.


Carry Wealth Holdings Effective Interest Rate on Debt % Historical Data

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

Carry Wealth Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.60 3.99 8.92 24.88 58.34

Carry Wealth Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 20.21 22.74 27.44 29.45 56.24

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

For the Apparel Manufacturing subindustry, Carry Wealth 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.


Carry Wealth Holdings's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

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

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


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Carry Wealth Holdings Effective Interest Rate on Debt % Calculation

Carry Wealth Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -10.4/( (33.913+1.742)/ 2 )
=-1  *  -10.4/17.8275
=58.34 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.222 + 33.691
=33.913

Carry Wealth Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Dec. 2024 ))/ count )
=-1  *  -10.542/( (35.747+1.742)/ 2 )
=-1  *  -10.542/18.7445
=56.24 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.269 + 34.478
=35.747

* 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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Carry Wealth Holdings  (HKSE:00643) Effective Interest Rate on Debt % Explanation

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


Carry Wealth Holdings Effective Interest Rate on Debt % Related Terms

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Carry Wealth Holdings Business Description

Traded in Other Exchanges
N/A
Address
100 Graville Road, Unit 903, 9th Floor, Harbour Crystal Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Carry Wealth Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of garment products and securities investment. The company operates through the segments of Garment manufacturing and trading segment including the manufacturing of garments for apparel brands and the sale of garment products; and the Securities investment segment consisting of investments in various securities listed on the Hong Kong Stock Exchange. Its product ranges from polo, athletics, cardigan, hoodies, tee, jackets, bottoms, and dresses to layettes. In addition, the company also provides embroidery machines and printing facilities to handle fashionable graphic design on its products. It derives a majority of its revenue from the U.S.
Executives
Mars Worldwide Holdings Limited 2101 Beneficial owner
Ma Xiaoqiu 2201 Interest of corporation controlled by you
Ma Xiao Qiu 2201 Interest of corporation controlled by you
Dragon Peace Limited 2101 Beneficial owner
Li Haifeng 2201 Interest of corporation controlled by you

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