Skyworth Group (HKSE:00751) Effective Interest Rate on Debt % : 3.00% (As of Dec. 2023)

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What is Skyworth Group 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. Skyworth Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$538 Mil. Skyworth Group's average total debt for the quarter that ended in Dec. 2023 was HK$17,966 Mil. Therefore, Skyworth Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.00%.

Skyworth Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Skyworth Group'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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Skyworth Group Effective Interest Rate on Debt % Chart

Skyworth Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.44

3.68

3.16

2.60

3.35

Skyworth Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.82	2.99	2.39	3.34	3.00

Competitive Comparison of Skyworth Group's Effective Interest Rate on Debt %

For the Consumer Electronics subindustry, Skyworth Group'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.

Skyworth Group's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Skyworth Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Skyworth Group Effective Interest Rate on Debt % Calculation

Skyworth Group'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 * -570.953	/	( (17149.388	+	16908.728)	/ 2 )
=	-1 * -570.953	/	17029.058
=	3.35 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6596.434	+	10552.954
=	17149.388

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7839.113	+	9069.615
=	16908.728

Skyworth Group'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 * -538.14	/	( (19023.031	+	16908.728)	/ 2 )
=	-1 * -538.14	/	17965.8795
=	3.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7459.583	+	11563.448
=	19023.031

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7839.113	+	9069.615
=	16908.728

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.

Skyworth Group (HKSE:00751) Effective Interest Rate on Debt % Explanation

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

Skyworth Group Effective Interest Rate on Debt % Related Terms

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Skyworth Group (HKSE:00751) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Skyworth Group Ltd (HKSE:00751) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

SWDHF:USA KYW:Germany

Address

20 Westlands Road, Rooms 1601-04 Westlands Centre, Quarry Bay, Hong Kong, HKG

Website

http://www.skyworth.com

Skyworth Group Ltd is principally engaged in the manufacture and sales of smart TV systems, home access systems, smart white appliances, intelligent manufacturing, internet value-added services, property development, property holding, photovoltaic products, modern services, and trading of other products. The company has four operating segments; Multimedia business, Smart systems technology business, New energy business, and Smart appliances business. The Group's operations are located in the PRC, Asia (other than the PRC), the Americas, Europe, Africa, and other regions and it derives a majority of its revenue from the People's Republic of China.

Executives

Target Success Group (ptc) Limited	2301 Trustee
Lin Wei Ping	2501 Other
Wong Wang Sang Stephen	2501 Other

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