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Grown Up Group Investment Holdings (HKSE:01842) Effective Interest Rate on Debt % : 8.65% (As of Jun. 2023)


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What is Grown Up Group Investment 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. Grown Up Group Investment Holdings's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was HK$4.8 Mil. Grown Up Group Investment Holdings's average total debt for the quarter that ended in Jun. 2023 was HK$55.1 Mil. Therefore, Grown Up Group Investment Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 8.65%.


Grown Up Group Investment Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Grown Up Group Investment 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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Grown Up Group Investment Holdings Effective Interest Rate on Debt % Chart

Grown Up Group Investment Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 9.51 4.02 3.14 7.83 7.58

Grown Up Group Investment Holdings Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 2.10 3.67 8.49 8.65 8.77

Competitive Comparison of Grown Up Group Investment Holdings's Effective Interest Rate on Debt %

For the Footwear & Accessories subindustry, Grown Up Group Investment 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.


Grown Up Group Investment Holdings's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Grown Up Group Investment Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Grown Up Group Investment Holdings's Effective Interest Rate on Debt % falls into.



Grown Up Group Investment Holdings Effective Interest Rate on Debt % Calculation

Grown Up Group Investment Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -4.143/( (36.952+68.882)/ 2 )
=-1  *  -4.143/52.917
=7.83 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.206 + 35.746
=36.952

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.181 + 65.701
=68.882

Grown Up Group Investment Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -4.772/( (68.882+41.391)/ 2 )
=-1  *  -4.772/55.1365
=8.65 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.181 + 65.701
=68.882

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.308 + 39.083
=41.391

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


Grown Up Group Investment Holdings  (HKSE:01842) Effective Interest Rate on Debt % Explanation

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


Grown Up Group Investment Holdings Effective Interest Rate on Debt % Related Terms

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Grown Up Group Investment Holdings (HKSE:01842) Business Description

Traded in Other Exchanges
N/A
Address
55 Ting Kok Road, Tai Po, Flat D, 7th Floor, Block 2, Tai Ping Industrial Centre, New Territories, Hong Kong, HKG
Grown Up Group Investment Holdings Ltd is engaged in the manufacturing and sale of backpack and luggage. The backpack and luggage products are categorized into private label products and branded products covering licensed brand products. These products catered to kid, teen, sports, leisure, business, travel, and technical segments. It operates in The private label products segment products are produced and sold under both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) businesses to the brand owners or their licensees. The branded label products segment products branded under the Group's proprietary Ellehammer brand as well as the licensed brands, distributed through the Group's sales network.

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