Guangdong Join-Share Financing Guarantee Investment Co (HKSE:01543) Effective Interest Rate on Debt % : 6.45% (As of Dec. 2023)

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What is Guangdong Join-Share Financing Guarantee Investment Co 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. Guangdong Join-Share Financing Guarantee Investment Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$49.8 Mil. Guangdong Join-Share Financing Guarantee Investment Co's average total debt for the quarter that ended in Dec. 2023 was HK$772.5 Mil. Therefore, Guangdong Join-Share Financing Guarantee Investment Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.45%.

Guangdong Join-Share Financing Guarantee Investment Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Guangdong Join-Share Financing Guarantee Investment Co'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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Guangdong Join-Share Financing Guarantee Investment Co Effective Interest Rate on Debt % Chart

Guangdong Join-Share Financing Guarantee Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

8.41

10.37

10.45

4.52

5.92

Guangdong Join-Share Financing Guarantee Investment Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														8.92	5.11	5.18	6.54	6.45

Competitive Comparison of Guangdong Join-Share Financing Guarantee Investment Co's Effective Interest Rate on Debt %

For the Credit Services subindustry, Guangdong Join-Share Financing Guarantee Investment Co'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.

Guangdong Join-Share Financing Guarantee Investment Co's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Guangdong Join-Share Financing Guarantee Investment Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Guangdong Join-Share Financing Guarantee Investment Co's Effective Interest Rate on Debt % falls into.

Guangdong Join-Share Financing Guarantee Investment Co Effective Interest Rate on Debt % Calculation

Guangdong Join-Share Financing Guarantee Investment Co'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 * -48.621	/	( (773.52	+	869.332)	/ 2 )
=	-1 * -48.621	/	821.426
=	5.92 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	773.52	+	0
=	773.52

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	869.332	+	0
=	869.332

Guangdong Join-Share Financing Guarantee Investment Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -49.83	/	( (675.569	+	869.332)	/ 2 )
=	-1 * -49.83	/	772.4505
=	6.45 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	675.569	+	0
=	675.569

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	869.332	+	0
=	869.332

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Guangdong Join-Share Financing Guarantee Investment Co (HKSE:01543) Effective Interest Rate on Debt % Explanation

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

Guangdong Join-Share Financing Guarantee Investment Co Effective Interest Rate on Debt % Related Terms

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Guangdong Join-Share Financing Guarantee Investment Co (HKSE:01543) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Guangdong Join-Share Financing Guarantee Investment Co Ltd (HKSE:01543) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.31 Fuhua Road, Block 1, Room 4101-4110, Lecong Town, Join-Share International Financing Center, Shunde District Guangdong Province, Foshan, CHN, 528000

Website

http://www.join-share.com

Guangdong Join-Share Financing Guarantee Investment Co Ltd is a financing services provider, focusing on providing credit-based financing solutions to small and medium enterprises (SMEs) to satisfy their financing and business needs. It provides guarantees on behalf of, and entrusted loans to, SMEs and individual business proprietors. It also provides micro-lending to SMEs, individual business proprietors and individuals in Foshan. The business is distinguished into Guarantees Business and SME Lending segments. The guarantee Business segment is further divided into Financial and Non-Financial Guarantees. The Guarantee segment generates maximum revenue for the company. Geographically, the firm operates in the People's Republic of China.

Executives

Dragon Pearl Hong Kong Investment Development Limited	2101 Beneficial owner
Wu Zhi Jian	2201 Interest of corporation controlled by you
Hong Kong Wellknown Development Limited	2101 Beneficial owner
Lo Kai Bong	2101 Beneficial owner
Lee Su Hwei	2201 Interest of corporation controlled by you
Lee Seng Huang	2201 Interest of corporation controlled by you
Apac Resources Limited	2201 Interest of corporation controlled by you
Allied Group Limited	2201 Interest of corporation controlled by you
Lee Seng Hui	2103 Interests held jointly with another person
Shk Finance Limited	2106 Person having a security interest in shares
United Asia Finance Limited	2201 Interest of corporation controlled by you
Sun Hung Kai & Co. Limited	2201 Interest of corporation controlled by you
Li Shen Hua	2101 Beneficial owner
True Faith International Enterprise Limited	2101 Beneficial owner
True Faith Holdings (hong Kong) Limited	2201 Interest of corporation controlled by you

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