Morris Home Holdings (HKSE:01575) Effective Interest Rate on Debt % : 7.41% (As of Dec. 2023)

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What is Morris Home Holdings 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. Morris Home Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$19.5 Mil. Morris Home Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$263.4 Mil. Therefore, Morris Home Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.41%.

Morris Home Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Morris Home Holdings'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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Morris Home Holdings Effective Interest Rate on Debt % Chart

Morris Home Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.64

4.77

12.12

4.26

6.63

Morris Home Holdings Semi-Annual Data
	Dec13	Dec14	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														7.45	4.77	4.31	4.81	7.41

Competitive Comparison of Morris Home Holdings's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Morris Home Holdings'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.

Morris Home Holdings's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Morris Home Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Morris Home Holdings's Effective Interest Rate on Debt % falls into.

Morris Home Holdings Effective Interest Rate on Debt % Calculation

Morris Home Holdings'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 * -15.301	/	( (197.94	+	263.932)	/ 2 )
=	-1 * -15.301	/	230.936
=	6.63 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68.557	+	129.383
=	197.94

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	92.469	+	171.463
=	263.932

Morris Home Holdings'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 * -19.526	/	( (262.948	+	263.932)	/ 2 )
=	-1 * -19.526	/	263.44
=	7.41 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	103.263	+	159.685
=	262.948

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	92.469	+	171.463
=	263.932

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.

Morris Home Holdings (HKSE:01575) Effective Interest Rate on Debt % Explanation

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

Morris Home Holdings Effective Interest Rate on Debt % Related Terms

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Morris Home Holdings (HKSE:01575) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Morris Home Holdings Ltd (HKSE:01575) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 258, Shengli Road, Maqiao Street, Haining City, Zhejiang Province, Jiaxing City, CHN

Website

http://www.morrishome.com.hk

Morris Home Holdings Ltd is an investment holding company engaged in the manufacturing and marketing of sofas, sofa covers, and other furniture products. The company's operating segment includes Retail and Manufacturing. It generates maximum revenue from the Retail segment. Geographically, it derives revenue from the Peoples Republic of China.

Executives

Morris Capital Limited	2101 Beneficial owner
Wu Xiangfei	2202 Interest of your spouse
Zou Gebing	2201 Interest of corporation controlled by you
Chen Jie	2106 Person having a security interest in shares
Century Icon Holdings Limited	2101 Beneficial owner
Tse Kam Pang	2201 Interest of corporation controlled by you
Morris Esop Development Limited	2306 Nominee for another person
Tct (bvi) Limited	2501 Other
The Core Trust Company Limited	2301 Trustee
Morris Capital Ltd.	2101 Beneficial owner

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