Solis Holdings (HKSE:02227) Effective Interest Rate on Debt % : 4.39% (As of Dec. 2024)

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What is Solis 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. Solis Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was HK$1.4 Mil. Solis Holdings's average total debt for the quarter that ended in Dec. 2024 was HK$31.5 Mil. Therefore, Solis Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 4.39%.

Solis Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Solis 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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Solis Holdings Effective Interest Rate on Debt % Chart

Solis Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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0.98

4.30

4.56

Solis Holdings Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														3.40	3.91	4.68	4.79	4.39

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

For the Engineering & Construction subindustry, Solis 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.

Solis Holdings's Effective Interest Rate on Debt % Distribution in the Construction Industry

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

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

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Solis Holdings Effective Interest Rate on Debt % Calculation

Solis Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -1.468	/	( (33.295	+	31.056)	/ 2 )
=	-1 * -1.468	/	32.1755
=	4.56 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.759	+	1.536
=	33.295

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29.899	+	1.157
=	31.056

Solis Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -1.382	/	( (31.871	+	31.056)	/ 2 )
=	-1 * -1.382	/	31.4635
=	4.39 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.75	+	1.121
=	31.871

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29.899	+	1.157
=	31.056

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

Solis Holdings (HKSE:02227) Effective Interest Rate on Debt % Explanation

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

Solis Holdings Effective Interest Rate on Debt % Related Terms

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Solis Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Solis Holdings Ltd (HKSE:02227) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

85 Tagore Lane, Singapore, SGP, 787527

Website

https://www.thesolisgrp.com

Solis Holdings Ltd is a design and build mechanical and electrical (M&E) engineering contractor in Singapore. Its services comprise of designing M&E systems, which involves the design for functionality and connectedness of various building systems; and building and installation of the M&E systems. It specialises in electrical engineering, and the projects are in relation to new building developments and major additions and alterations (A&A) work, which include private residential, mixed residential, and commercial developments and institutional buildings. All of its revenues are derived from Singapore.

Executives

Lim Sim Swee	2202 Interest of your spouse
Tay Yong Hua	2201 Interest of corporation controlled by you
Hmk Investment Holdings Limited	2101 Beneficial owner
Tay Yong Meng	2201 Interest of corporation controlled by you
Teo (zhang) Kenneth Swee Cheng (kenneth Ruiqing)	2201 Interest of corporation controlled by you
Zheng Mingqiang	2101 Beneficial owner

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