51 Credit Card (HKSE:02051) Effective Interest Rate on Debt % : 14.56% (As of Dec. 2023)

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What is 51 Credit Card 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. 51 Credit Card's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$29.99 Mil. 51 Credit Card's average total debt for the quarter that ended in Dec. 2023 was HK$206.04 Mil. Therefore, 51 Credit Card's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 14.56%.

51 Credit Card Effective Interest Rate on Debt % Historical Data

The historical data trend for 51 Credit Card'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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51 Credit Card Effective Interest Rate on Debt % Chart

51 Credit Card Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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10.96

8.24

7.08

7.54

5.34

51 Credit Card Semi-Annual Data
	Dec15	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											9.87	4.93	10.67	-3.48	14.56

Competitive Comparison of 51 Credit Card's Effective Interest Rate on Debt %

For the Credit Services subindustry, 51 Credit Card'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.

51 Credit Card's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, 51 Credit Card's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where 51 Credit Card's Effective Interest Rate on Debt % falls into.

51 Credit Card Effective Interest Rate on Debt % Calculation

51 Credit Card'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 * -11.367	/	( (215.577	+	210.387)	/ 2 )
=	-1 * -11.367	/	212.982
=	5.34 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	215.577	+	0
=	215.577

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	210.387	+	0
=	210.387

51 Credit Card'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 * -29.99	/	( (201.692	+	210.387)	/ 2 )
=	-1 * -29.99	/	206.0395
=	14.56 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	201.692	+	0
=	201.692

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	210.387	+	0
=	210.387

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.

51 Credit Card (HKSE:02051) Effective Interest Rate on Debt % Explanation

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

51 Credit Card Effective Interest Rate on Debt % Related Terms

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51 Credit Card (HKSE:02051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » 51 Credit Card Inc (HKSE:02051) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

2JY:Germany

Address

No. 588 Wenyi West Road, Building B3, CECEP Xixi Center, Xihu District, Zhejiang, Hangzhou, CHN

Website

https://www.u51.com

51 Credit Card Inc is an investment holding company. Along with its subsidiaries, it is engaged in providing one-stop personal financial technology services and SaaS services, covering personal credit management, credit card technology services and online credit facilitation and investment services in China. The firm derives revenue from Credit facilitation and service fee, Payment service fee, Credit card technology service fee, SaaS service fee and Other revenue. A majority of its revenue gets derived through Credit facilitation and service fee. The majority of the group's activities are carried out in Mainland China.

Executives

Shen Guojun	2307 Founder of a discretionary trust who can infl
Cantrust (far East) Limited	2301 Trustee
East Jump Management Limited	2101 Beneficial owner
Weihan Evergreen Limited	2201 Interest of corporation controlled by you
Sun Haitao	2501 Other
Hang Zhou Zhen Niu Xin Xi Ke Ji You Xian Gong Si	2106 Person having a security interest in shares
Xin Yong Ka You Xian Gong Si	2201 Interest of corporation controlled by you
51 Credit Card (china) Limited	2201 Interest of corporation controlled by you
Rising Sun Limited	2501 Other
The Core Trust Company Limited	2301 Trustee
Tct (bvi) Limited	2501 Other
51 Stock Limited	2306 Nominee for another person
Tmf (cayman) Ltd.	2301 Trustee
Wukong Ltd.	2501 Other
51 Award Limited	2306 Nominee for another person

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