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Haichang Ocean Park Holdings (HKSE:02255) Effective Interest Rate on Debt % : 4.01% (As of Dec. 2023)


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What is Haichang Ocean Park 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. Haichang Ocean Park Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$264 Mil. Haichang Ocean Park Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$6,571 Mil. Therefore, Haichang Ocean Park Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.01%.


Haichang Ocean Park Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Haichang Ocean Park 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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Haichang Ocean Park Holdings Effective Interest Rate on Debt % Chart

Haichang Ocean Park Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.38 6.92 6.90 5.27 4.63

Haichang Ocean Park Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.21 5.70 5.06 5.39 4.01

Competitive Comparison of Haichang Ocean Park Holdings's Effective Interest Rate on Debt %

For the Leisure subindustry, Haichang Ocean Park 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.


Haichang Ocean Park Holdings's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Haichang Ocean Park Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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



Haichang Ocean Park Holdings Effective Interest Rate on Debt % Calculation

Haichang Ocean Park Holdings'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  *  -295.465/( (5882.552+6889.682)/ 2 )
=-1  *  -295.465/6386.117
=4.63 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4221.938 + 1660.614
=5882.552

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5316.148 + 1573.534
=6889.682

Haichang Ocean Park Holdings'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  *  -263.714/( (6252.701+6889.682)/ 2 )
=-1  *  -263.714/6571.1915
=4.01 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5114.773 + 1137.928
=6252.701

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5316.148 + 1573.534
=6889.682

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


Haichang Ocean Park Holdings  (HKSE:02255) Effective Interest Rate on Debt % Explanation

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


Haichang Ocean Park Holdings Effective Interest Rate on Debt % Related Terms

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Haichang Ocean Park Holdings (HKSE:02255) Business Description

Traded in Other Exchanges
N/A
Address
Phase 1, No. 4, Lane 255 Dongyu Road, 31st Floor, Building A, Foreshore Beach World Trade Centre, Pudong New District, Shanghai, CHN, 200123
Haichang Ocean Park Holdings Ltd is a leisure company focused on theme parks. The company operates several theme parks in China with ocean, adventure, and water themes. In addition to theme parks, Haichang owns ancillary commercial properties adjacent to its theme parks that offer complementary services. The company's theme parks and surrounding properties provide rides, sightseeing, entertainment, dining, and shopping. Ocean-themed parks, the style in which Haichang themes most of its parks, focus on marine animal breeding and conservation. Its segments include Park Operations, Operation as a service, and Property Development. Nearly all of its revenues come from Mainland China.

Haichang Ocean Park Holdings (HKSE:02255) Headlines

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