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Wise Living Technology Co (HKSE:02481) Effective Interest Rate on Debt % : 5.76% (As of Dec. 2023)


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What is Wise Living Technology 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. Wise Living Technology Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$52 Mil. Wise Living Technology Co's average total debt for the quarter that ended in Dec. 2023 was HK$897 Mil. Therefore, Wise Living Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.76%.

Wise Living Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Wise Living Technology 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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Wise Living Technology Co Effective Interest Rate on Debt % Chart

Wise Living Technology Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
6.92 6.80 6.54 5.90

Wise Living Technology Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial - 6.47 7.04 5.56 5.76

Competitive Comparison of Wise Living Technology Co's Effective Interest Rate on Debt %

For the Utilities - Independent Power Producers subindustry, Wise Living Technology 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.

Wise Living Technology Co's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Wise Living Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Wise Living Technology Co's Effective Interest Rate on Debt % falls into.


Wise Living Technology Co Effective Interest Rate on Debt % Calculation

Wise Living Technology 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  *  -53.512/( (1006.044+806.58)/ 2 )
=-1  *  -53.512/906.312
=5.90 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=729.372 + 276.672
=1006.044

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=662.7 + 143.88
=806.58

Wise Living Technology Co'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  *  -51.656/( (986.857+806.58)/ 2 )
=-1  *  -51.656/896.7185
=5.76 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=692.914 + 293.943
=986.857

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=662.7 + 143.88
=806.58

* 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.

Wise Living Technology Co  (HKSE:02481) Effective Interest Rate on Debt % Explanation

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

Wise Living Technology Co Effective Interest Rate on Debt % Related Terms

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Wise Living Technology Co (HKSE:02481) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Wise Living Technology Co Ltd (HKSE:02481) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:01853 HKSE:01281 HKSE:01671 SHSE:600900 HKSE:01816 BOM:533096 SHSE:600011 VST LSE:CNA BOM:539254 HKSE:00006 NRG HKSE:00836 BOM:500400 SHSE:600674 SHSE:600023 NSE:JSWENERGY SHSE:601991 BUE:PAMP DFM:EMPOWER
Traded in Other Exchanges
N/A
Address
No. 15 Shuangliang Road, Ligang Street, Room 202, 2nd Floor, Jiangsu, Jiangyin, CHN
Website
http://www.hjkj.cn
Wise Living Technology Co Ltd is a cross-provincial heat service provider mainly operating in the Three North Region. It is principally engaged in the provision of heat services to residential and non-residential heat service customers under concession rights. In addition to its provision of heat services, which is considered as a public utility business, the company also provides heat-related; engineering construction services; and EMC services.
Executives
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Jiang Gang International Investment Company Limited 2101 Beneficial owner
Zhou Xiaoping 2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan Jin Rong Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Xiang Gang Xing Yi Tou Zi Guan Li You Xian Gong Si 2101 Beneficial owner

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