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Million Hope Industries Holdings (HKSE:01897) Effective Interest Rate on Debt % : 331.81% (As of Sep. 2024)


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What is Million Hope Industries 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. Million Hope Industries Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was HK$2.0 Mil. Million Hope Industries Holdings's average total debt for the quarter that ended in Sep. 2024 was HK$0.6 Mil. Therefore, Million Hope Industries Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 331.81%.


Million Hope Industries Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Million Hope Industries 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.

* Premium members only.

Million Hope Industries Holdings Effective Interest Rate on Debt % Chart

Million Hope Industries Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 986.29 730.43 813.46 982.26 758.71

Million Hope Industries Holdings Semi-Annual Data
Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 3,085.31 1,128.93 711.98 706.69 331.81

Competitive Comparison of Million Hope Industries Holdings's Effective Interest Rate on Debt %

For the Building Products & Equipment subindustry, Million Hope Industries 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.


Million Hope Industries Holdings's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Million Hope Industries Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Million Hope Industries Holdings's Effective Interest Rate on Debt % falls into.


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Million Hope Industries Holdings Effective Interest Rate on Debt % Calculation

Million Hope Industries Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2023 )+Total Debt  (A: Mar. 2024 ))/ count )
=-1  *  -2.113/( (0.351+0.206)/ 2 )
=-1  *  -2.113/0.2785
=758.71 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.167 + 0.184
=0.351

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.023 + 0.183
=0.206

Million Hope Industries Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -2.034/( (0.206+1.02)/ 2 )
=-1  *  -2.034/0.613
=331.81 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.023 + 0.183
=0.206

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.365 + 0.655
=1.02

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


Million Hope Industries Holdings  (HKSE:01897) Effective Interest Rate on Debt % Explanation

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


Million Hope Industries Holdings Effective Interest Rate on Debt % Related Terms

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Million Hope Industries Holdings Business Description

Traded in Other Exchanges
Address
3 On Kwan Street, Office A, 20th Floor, Kings Wing Plaza 1, Shek Mum, Shatin, New Territories, Hong Kong, HKG
Million Hope Industries Holdings Ltd and its subsidiaries are engaged in designing, supplying and installation of facade and curtain wall systems, with a focus on curtain walls, aluminum windows and doors. The company provides design, supply and installation services for curtain walls, aluminium windows and doors on both new and existing buildings, and works with customers and architects to offer tailor-made designs and products to suit the project requirements. The principal customers are the main contractors and property developers. Geographically, the group has a business presence in Hong Kong and Mainland China of which prime revenue is generated from Hong Kong.
Executives
Webb David Michael 2201 Interest of corporation controlled by you
Ccm Trust (cayman) Limited
Mingly Corporation
Mingly Asia Capital Limited
Cha Mou Daid Johnson
Ccm Capital Corporation
Wong Lui Kwok Wai 2202 Interest of your spouse
Wong Sue Toa Stewart 2101 Beneficial owner
Cha Mou Sing Payson 2501 Other
Lbj Regents Limited 2501 Other

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