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Huaibei GreenGold Industry Investment Co (HKSE:02450) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2023)


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What is Huaibei GreenGold Industry Investment 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. Huaibei GreenGold Industry Investment Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was HK$0.0 Mil. Huaibei GreenGold Industry Investment Co's average total debt for the quarter that ended in Jun. 2023 was HK$959.6 Mil. Therefore, Huaibei GreenGold Industry Investment Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 0.00%.


Huaibei GreenGold Industry Investment Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Huaibei GreenGold Industry Investment 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.

* Premium members only.

Huaibei GreenGold Industry Investment Co Effective Interest Rate on Debt % Chart

Huaibei GreenGold Industry Investment Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
6.03 7.77 10.86 7.38 6.53

Huaibei GreenGold Industry Investment Co Quarterly Data
Dec19 Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only - 7.42 7.26 - -

Competitive Comparison of Huaibei GreenGold Industry Investment Co's Effective Interest Rate on Debt %

For the Building Materials subindustry, Huaibei GreenGold Industry Investment 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.


Huaibei GreenGold Industry Investment Co's Effective Interest Rate on Debt % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Huaibei GreenGold Industry Investment Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Huaibei GreenGold Industry Investment Co's Effective Interest Rate on Debt % falls into.



Huaibei GreenGold Industry Investment Co Effective Interest Rate on Debt % Calculation

Huaibei GreenGold Industry Investment Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -79.295/( (1144.716+1005.456)/ 2 )
=-1  *  -79.295/1075.086
=7.38 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1102.472 + 42.244
=1144.716

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=964.584 + 40.872
=1005.456

Huaibei GreenGold Industry Investment Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  0/( (1005.456+913.711)/ 2 )
=-1  *  0/959.5835
=0.00 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=964.584 + 40.872
=1005.456

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=315.556 + 598.155
=913.711

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


Huaibei GreenGold Industry Investment Co  (HKSE:02450) Effective Interest Rate on Debt % Explanation

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


Huaibei GreenGold Industry Investment Co Effective Interest Rate on Debt % Related Terms

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Huaibei GreenGold Industry Investment Co (HKSE:02450) Business Description

Traded in Other Exchanges
N/A
Address
No. 3 Taobo Road, 4th Floor, Shuangchuang Service Centre, Song Tuan Town, Lieshan District, Anhui Province, Huaibei, CHN
Huaibei GreenGold Industry Investment Co Ltd is a China-based company chiefly engaged in the production and sales of construction material products. The company's main products include aggregate products and concrete products. The aggregate products mainly include general materials, stone powder, 0.5-1 construction aggregate, 1-2 construction aggregate, and 1-3 construction aggregate. The concrete products mainly include ready-mixed concrete, cement-stabilized macadam, and asphalt concrete.
Executives
Huatai Securities Co., Ltd. 2201 Interest of corporation controlled by you
Chu David 2101 Beneficial owner

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