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Red Star Macalline Group (HKSE:01528) Effective Interest Rate on Debt % : 8.70% (As of Mar. 2024)


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What is Red Star Macalline Group 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. Red Star Macalline Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was HK$2,939 Mil. Red Star Macalline Group's average total debt for the quarter that ended in Mar. 2024 was HK$33,770 Mil. Therefore, Red Star Macalline Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.70%.


Red Star Macalline Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Red Star Macalline Group'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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Red Star Macalline Group Effective Interest Rate on Debt % Chart

Red Star Macalline Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.88 5.54 5.82 5.79 6.87

Red Star Macalline Group Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.08 7.34 8.00 9.19 8.70

Competitive Comparison of Red Star Macalline Group's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Red Star Macalline Group'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.


Red Star Macalline Group's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Red Star Macalline Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Red Star Macalline Group's Effective Interest Rate on Debt % falls into.



Red Star Macalline Group Effective Interest Rate on Debt % Calculation

Red Star Macalline Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -2903.573/( (42687.582+41810.37)/ 2 )
=-1  *  -2903.573/42248.976
=6.87 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=33115.034 + 9572.548
=42687.582

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=26572.86 + 15237.51
=41810.37

Red Star Macalline Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -2939.08/( (41810.37+25729.898)/ 2 )
=-1  *  -2939.08/33770.134
=8.70 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=26572.86 + 15237.51
=41810.37

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=23595.009 + 2134.889
=25729.898

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


Red Star Macalline Group  (HKSE:01528) Effective Interest Rate on Debt % Explanation

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


Red Star Macalline Group Effective Interest Rate on Debt % Related Terms

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Red Star Macalline Group (HKSE:01528) Business Description

Traded in Other Exchanges
Address
No. 2/5, Lane 1466, Shenchang Road, Minhang District, Shanghai, CHN
Red Star Macalline Group Corp Ltd operates home improvement and furnishings shopping malls in China. It has various segments.Owned/Leased Portfolio Shopping Malls segment, which is the key revenue driver, leases floor areas to the tenants and provides management support to them. Managed Shopping Malls segment provides initiation, consultation, and management services to its partners and construction contractors to develop and manage the shopping malls under its own brand. The Construction and design segment provides building installation and decorating services in shopping malls. Sales of merchandise and related services segment include retail sales of home furnishing merchandise and providing related decorating services. All of its revenues are derived from the PRC.
Executives
Taobao China Holding Limited 2101 Beneficial owner
Taobao Holding Limited 2201 Interest of corporation controlled by you
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New Retail Strategic Opportunities Fund Gp, L.p. 2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Fund, L.p. 2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Gp Limited 2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Investments 4 Limited 2101 Beneficial owner
Alibaba Group Holding Limited 2201 Interest of corporation controlled by you
Wong Man Li 2201 Interest of corporation controlled by you
Hui Wai Hing 2202 Interest of your spouse
Man Wah Investments Limited 2101 Beneficial owner
Ubs Trustees (b.v.i.) Limited 2301 Trustee
Xi Xi Development Limited 2201 Interest of corporation controlled by you
New Fortune Star Limited 2201 Interest of corporation controlled by you
Wong Luen Hei 2307 Founder of a discretionary trust who can infl

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