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Clarity Medical Group Holding (HKSE:01406) Effective Interest Rate on Debt % : 5.76% (As of Sep. 2024)


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What is Clarity Medical Group Holding 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. Clarity Medical Group Holding's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was HK$1.3 Mil. Clarity Medical Group Holding's average total debt for the quarter that ended in Sep. 2024 was HK$22.0 Mil. Therefore, Clarity Medical Group Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 5.76%.

Clarity Medical Group Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for Clarity Medical Group Holding'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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Clarity Medical Group Holding Effective Interest Rate on Debt % Chart

Clarity Medical Group Holding Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 4.86 4.30 4.84 4.52 5.57

Clarity Medical Group Holding Semi-Annual Data
Mar19 Mar20 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 2.91 5.23 5.78 5.24 5.76

Competitive Comparison of Clarity Medical Group Holding's Effective Interest Rate on Debt %

For the Medical Instruments & Supplies subindustry, Clarity Medical Group Holding'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.

Clarity Medical Group Holding's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Clarity Medical Group Holding's Effective Interest Rate on Debt % distribution charts can be found below:

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


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Clarity Medical Group Holding Effective Interest Rate on Debt % Calculation

Clarity Medical Group Holding'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  *  -2.024/( (47.259+25.41)/ 2 )
=-1  *  -2.024/36.3345
=5.57 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25.301 + 21.958
=47.259

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.233 + 19.177
=25.41

Clarity Medical Group Holding'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  *  -1.27/( (25.41+18.667)/ 2 )
=-1  *  -1.27/22.0385
=5.76 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.233 + 19.177
=25.41

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.244 + 15.423
=18.667

* 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.

Clarity Medical Group Holding  (HKSE:01406) Effective Interest Rate on Debt % Explanation

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

Clarity Medical Group Holding Effective Interest Rate on Debt % Related Terms

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Clarity Medical Group Holding Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Clarity Medical Group Holding Ltd (HKSE:01406) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:01947 HKSE:00907 HKSE:08513 HKSE:00876 HKSE:01134 HKSE:01120 ISRG XPAR:EL BDX TSE:7741 XSWX:ALC RMD TSE:4543 OCSE:COLO B XPAR:DIM XSWX:STMN COO BAX WST NZSE:FPH
Traded in Other Exchanges
N/A
Address
9 Queen’s Road Central, Room 1302, 13th Floor, Hong Kong, HKG
Website
https://www.claritymedic.com
Clarity Medical Group Holding Ltd is committed to providing comprehensive and professional ophthalmic services for patients with various eye conditions. It operates two medical centers in Central and Mongkok. The medical centers are equipped with medical instruments and surgical equipment which allows performing various ophthalmic examinations, treatments, and surgeries for patients.
Executives
Tian Jin Zhong You Jian Kang Ke Ji You Xian Gong Si 2201 Interest of corporation controlled by you
Bei Jing Ying Tong Ke Ji Fa Zhan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Innovative Vision Inc 2101 Beneficial owner
Innovative Vision Gp Ltd (formerly Known As Global Vision Gp Ltd) 2201 Interest of corporation controlled by you
Global Vision Investment Lp 2201 Interest of corporation controlled by you
3w Partners Gp Limited 2201 Interest of corporation controlled by you
Chan Hoi Hin William 2501 Other
Goh Lu Hong 2501 Other
Clear Lead Ventures Limited 2101 Beneficial owner
3w Partners Holdings Limited 2201 Interest of corporation controlled by you
3w Partners Fund I L.p. 2201 Interest of corporation controlled by you
Prime Sage International Limited 2201 Interest of corporation controlled by you
Tmf (cayman) Ltd. 2301 Trustee
Ultimate Bliss Limited 2307 Founder of a discretionary trust who can infl
Tse Wai Ip 2307 Founder of a discretionary trust who can infl

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