Leader Education (HKSE:01449) Effective Interest Rate on Debt % : 3.81% (As of Feb. 2024)

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What is Leader Education 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. Leader Education's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was HK$42.5 Mil. Leader Education's average total debt for the quarter that ended in Feb. 2024 was HK$1,116.8 Mil. Therefore, Leader Education's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 3.81%.

Leader Education Effective Interest Rate on Debt % Historical Data

The historical data trend for Leader Education'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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Leader Education Effective Interest Rate on Debt % Chart

Leader Education Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

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0.42

1.63

0.79

0.75

Leader Education Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								0.99	0.60	1.49	0.05	3.81

Competitive Comparison of Leader Education's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Leader Education'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.

Leader Education's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Leader Education's Effective Interest Rate on Debt % distribution charts can be found below:

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

Leader Education Effective Interest Rate on Debt % Calculation

Leader Education's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -7.481	/	( (987.138	+	1000.702)	/ 2 )
=	-1 * -7.481	/	993.92
=	0.75 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	725.226	+	261.912
=	987.138

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	611.636	+	389.066
=	1000.702

Leader Education's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -42.516	/	( (1000.702	+	1232.971)	/ 2 )
=	-1 * -42.516	/	1116.8365
=	3.81 %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	611.636	+	389.066
=	1000.702

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	678.857	+	554.114
=	1232.971

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

Leader Education (HKSE:01449) Effective Interest Rate on Debt % Explanation

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

Leader Education Effective Interest Rate on Debt % Related Terms

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Leader Education (HKSE:01449) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Leader Education Ltd (HKSE:01449) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

Qunying Jie No. 33, Xueyuan Road, Limin Development Zone, Heilongjiang Province, Harbin, CHN, 150025

Website

https://www.hibu.edu.cn

Leader Education Ltd is engaged in providing private higher education services in the People's Republic of China. The school is a degree-granting private formal university-level education institution that offers around 26 undergraduate majors in a wide range of subject areas, including engineering, management, economics, literature, and arts.

Executives

Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Shuren Education Limited	2101 Beneficial owner
Dong Ling	2201 Interest of corporation controlled by you
Liu Laixiang	2202 Interest of your spouse
Junhua Education Limited	2101 Beneficial owner

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