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Prosperity Group International (HKSE:01421) Effective Interest Rate on Debt % : 6.72% (As of Dec. 2024)


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What is Prosperity Group International 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. Prosperity Group International's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was HK$0.2 Mil. Prosperity Group International's average total debt for the quarter that ended in Dec. 2024 was HK$3.5 Mil. Therefore, Prosperity Group International's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 6.72%.


Prosperity Group International Effective Interest Rate on Debt % Historical Data

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

Prosperity Group International Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.06 7.84 5.89 16.28 4.57

Prosperity Group International 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 1.88 6.87 5.79 5.23 6.72

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

For the Solar subindustry, Prosperity Group International'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.


Prosperity Group International's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

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


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Prosperity Group International Effective Interest Rate on Debt % Calculation

Prosperity Group International's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2023 )+Total Debt  (A: Jun. 2024 ))/ count )
=-1  *  -0.424/( (13.295+5.267)/ 2 )
=-1  *  -0.424/9.281
=4.57 %

where

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.505 + 11.79
=13.295

Total Debt  (A: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.801 + 4.466
=5.267

Prosperity Group International'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  *  -0.234/( (5.267+1.695)/ 2 )
=-1  *  -0.234/3.481
=6.72 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.801 + 4.466
=5.267

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.989 + 0.706
=1.695

* 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.


Prosperity Group International  (HKSE:01421) Effective Interest Rate on Debt % Explanation

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


Prosperity Group International Effective Interest Rate on Debt % Related Terms

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Prosperity Group International Business Description

Traded in Other Exchanges
N/A
Address
No. 61 Mody Road, Unit 1202, 12th Floor, Mirror Tower, Tsim Sha Tsui East, Hong Kong, HKG
Prosperity Group International Ltd Formerly Kingbo Strike Ltd is engaged in the provision of electrical engineering services for public residential and commercial projects as well as deals in solar power business. The company operates in two segmtents namely, the Engineering Services segment comprises of electrical engineering solutions and related services; Solar power business segment comprises supply and installation services of solar photovoltaic parts and equipment; Electrical distribution system business segment engages in the provision of electrical distribution system. The company generates maximum revenue from the Solar Power Business segment. The company geographically operates in The People's Republic of China.

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