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Wealthink AI-Innovation Capital (HKSE:01140) Effective Interest Rate on Debt % : 5.32% (As of Sep. 2024)


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What is Wealthink AI-Innovation Capital 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. Wealthink AI-Innovation Capital's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was HK$50.13 Mil. Wealthink AI-Innovation Capital's average total debt for the quarter that ended in Sep. 2024 was HK$943.03 Mil. Therefore, Wealthink AI-Innovation Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 5.32%.


Wealthink AI-Innovation Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Wealthink AI-Innovation Capital'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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Wealthink AI-Innovation Capital Effective Interest Rate on Debt % Chart

Wealthink AI-Innovation Capital Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.76 4.30 2.82 4.74 6.35

Wealthink AI-Innovation Capital Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 3.61 6.60 6.85 6.69 5.32

Competitive Comparison of Wealthink AI-Innovation Capital's Effective Interest Rate on Debt %

For the Asset Management subindustry, Wealthink AI-Innovation Capital'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.


Wealthink AI-Innovation Capital's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Wealthink AI-Innovation Capital's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Wealthink AI-Innovation Capital's Effective Interest Rate on Debt % falls into.


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Wealthink AI-Innovation Capital Effective Interest Rate on Debt % Calculation

Wealthink AI-Innovation Capital's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2023 )+Total Debt  (A: Mar. 2024 ))/ count )
=-1  *  -86.366/( (1293.764+1427.206)/ 2 )
=-1  *  -86.366/1360.485
=6.35 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1293.764 + 0
=1293.764

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1427.206 + 0
=1427.206

Wealthink AI-Innovation Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -50.134/( (1427.206+458.85)/ 2 )
=-1  *  -50.134/943.028
=5.32 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1427.206 + 0
=1427.206

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=458.85 + 0
=458.85

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


Wealthink AI-Innovation Capital  (HKSE:01140) Effective Interest Rate on Debt % Explanation

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


Wealthink AI-Innovation Capital Effective Interest Rate on Debt % Related Terms

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Wealthink AI-Innovation Capital Business Description

Traded in Other Exchanges
N/A
Address
183 Queen’s Road Central, Room 3910-13, 39th Floor, COSCO Building, Grand Millennium Plaza, Hong Kong, HKG
Wealthink AI-Innovation Capital Ltd is a cross-border and cross-sector investment company. Wealthking has a capability of investment, financing and industry consolidation, while its investment portfolios cover many listed and unlisted companies across geographies and industries. The principal investment objective is to achieve earnings for the Company in the form of medium to long-term capital appreciation through investing in a diversified portfolio of worldwide investments in listed and unlisted enterprises. Geographically it generates majority of the revenue from Hong Kong Followed by Mainland China and United states.
Executives
Ming Yang Capital Limited 2201 Interest of corporation controlled by you
Tycoon Champ Limited 2201 Interest of corporation controlled by you
Yang Fan 2201 Interest of corporation controlled by you
Marvel Champion Investment Limited 2101 Beneficial owner
Gofintech Innovation Limited 2201 Interest of corporation controlled by you
Liu Zhiwei 2101 Beneficial owner
Bright Victory International Limited 2101 Beneficial owner
Tongchuang Holdings Limited 2201 Interest of corporation controlled by you
Tongchuang Jiuding Investment Holding Co. Ltd. 2201 Interest of corporation controlled by you
Tongchuangjiuding Investment Management Group Co., Ltd. 2201 Interest of corporation controlled by you
Wu Gang 2201 Interest of corporation controlled by you
Chen Jiabin 2201 Interest of corporation controlled by you
Yang Fang 2201 Interest of corporation controlled by you
Blossom International Investment Holdings Limited 2201 Interest of corporation controlled by you
Acorn Harvest Holdings Limited 2101 Beneficial owner

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