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Elegance Optical International Holdings (HKSE:00907) Effective Interest Rate on Debt % : 0.54% (As of Sep. 2023)


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What is Elegance Optical International 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. Elegance Optical International Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was HK$0.05 Mil. Elegance Optical International Holdings's average total debt for the quarter that ended in Sep. 2023 was HK$9.70 Mil. Therefore, Elegance Optical International Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.54%.


Elegance Optical International Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Elegance Optical International 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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Elegance Optical International Holdings Effective Interest Rate on Debt % Chart

Elegance Optical International Holdings 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 13.00 13.08 6.16 2.87 1.32

Elegance Optical International Holdings 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 3.28 1.24 3.36 -0.01 0.54

Competitive Comparison of Elegance Optical International Holdings's Effective Interest Rate on Debt %

For the Medical Instruments & Supplies subindustry, Elegance Optical International 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.


Elegance Optical International Holdings's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Elegance Optical International Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Elegance Optical International Holdings's Effective Interest Rate on Debt % falls into.



Elegance Optical International Holdings Effective Interest Rate on Debt % Calculation

Elegance Optical International Holdings'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  *  -0.452/( (34.262+0)/ 1 )
=-1  *  -0.452/34.262
=1.32 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.977 + 15.285
=34.262

Elegance Optical International Holdings'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  *  -0.052/( (0+9.696)/ 1 )
=-1  *  -0.052/9.696
=0.54 %

where

* 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.


Elegance Optical International Holdings  (HKSE:00907) Effective Interest Rate on Debt % Explanation

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


Elegance Optical International Holdings Effective Interest Rate on Debt % Related Terms

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Elegance Optical International Holdings (HKSE:00907) Business Description

Traded in Other Exchanges
N/A
Address
145 Hennessy Road, On Hong Commercial Building, Room 22, 22nd Floor, Wanchai, Hong Kong, HKG
Elegance Optical International Holdings Ltd and its subsidiaries are the manufacturers and sellers of optical frames and sunglasses. Its operating segments include Manufacturing and trading engaged in the manufacture and trading of optical frames and sunglasses; the Property investment segment is involved in leasing properties for rental income; the Debts and securities investment segment engaged in investments in financial instruments and quoted shares; Film investment and distribution segment engaged in film right and movie distributions; and Energy business. It derives key revenue from the Manufacturing and trading segment. It operates in Europe, America, the PRC (including Hong Kong), and other countries.
Executives
Albert Yeung Capital Holdings Limited 2201 Interest of corporation controlled by you
Cdm Trust & Board Services Ag 2301 Trustee
Emperor Capital Group Limited 2201 Interest of corporation controlled by you
Emperor Securities Limited 2101 Beneficial owner
Luk Siu Man, Semon 2202 Interest of your spouse
Yeung Sau Shing, Albert 2307 Founder of a discretionary trust who can infl
Wong Chong Fai 2101 Beneficial owner
Kitchell Osman Bin 2101 Beneficial owner
Wong Hoi Fung 2101 Beneficial owner

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