China Wacan Group Co (HKSE:01920) Effective Interest Rate on Debt % : 6.61% (As of Jun. 2024)

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What is China Wacan Group 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. China Wacan Group Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was HK$0.51 Mil. China Wacan Group Co's average total debt for the quarter that ended in Jun. 2024 was HK$7.72 Mil. Therefore, China Wacan Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 6.61%.

China Wacan Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for China Wacan Group 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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China Wacan Group Co Effective Interest Rate on Debt % Chart

China Wacan Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.11

3.53

2.45

2.18

3.48

China Wacan Group Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										2.12	2.92	4.19	2.76	6.61

Competitive Comparison of China Wacan Group Co's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, China Wacan Group 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.

China Wacan Group Co's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Wacan Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Wacan Group Co's Effective Interest Rate on Debt % falls into.

China Wacan Group Co Effective Interest Rate on Debt % Calculation

China Wacan Group 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 * -0.336	/	( (9.7	+	9.622)	/ 2 )
=	-1 * -0.336	/	9.661
=	3.48 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	9.7
=	9.7

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	9.622
=	9.622

China Wacan Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.51	/	( (9.622	+	5.811)	/ 2 )
=	-1 * -0.51	/	7.7165
=	6.61 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	9.622
=	9.622

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.811
=	5.811

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

China Wacan Group Co (HKSE:01920) Effective Interest Rate on Debt % Explanation

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

China Wacan Group Co Effective Interest Rate on Debt % Related Terms

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China Wacan Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Wacan Group Co Ltd (HKSE:01920) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

28 Shanghai Street, Room 9, 2nd Floor, Hang Bong Commercial Centre, Jordan, Kowloon, Hong Kong, HKG

Website

https://www.handsform.com

China Wacan Group Co Ltd formerly Hands Form Holdings Ltd is an established subcontractor in Hong Kong and principally engaged in the provision of wet trades work and other wet trades-related ancillary works and the provision of construction information technology services. Wet trades works include plastering on floors, walls, and ceilings, tile laying on internal and external walls and floors, bricklaying, and marble works. The company's segment includes Construction services and Construction IT services. It generates maximum revenue from the Construction services segment.

Executives

Chu Chui Ling	2106 Person having a security interest in shares
Ultra Accord Limited	2106 Person having a security interest in shares
China Alliance Venture Limited	2101 Beneficial owner
Zhou Zhenlin	2201 Interest of corporation controlled by you
Cheung Kwok Fai Adam	2201 Interest of corporation controlled by you
Wonderful Renown Limited	2101 Beneficial owner
Cheung Lai Chun	2103 Interests held jointly with another person
Chan Shui King	2202 Interest of your spouse

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