Carote (HKSE:02549) Effective Interest Rate on Debt % : 3.64% (As of Dec. 2024)

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What is Carote 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. Carote's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was HK$0 Mil. Carote's average total debt for the quarter that ended in Dec. 2024 was HK$8 Mil. Therefore, Carote's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 3.64%.

Carote Effective Interest Rate on Debt % Historical Data

The historical data trend for Carote'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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Carote Effective Interest Rate on Debt % Chart

Carote Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

3.30

3.61

0.85

3.64

Carote Semi-Annual Data
	Dec21	Dec22	Dec23	Dec24
Effective Interest Rate on Debt %	3.30	3.61	0.85	3.64

Competitive Comparison of Carote's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Carote'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.

Carote's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Carote's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Carote Effective Interest Rate on Debt % Calculation

Carote'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 * -0.275	/	( (10.687	+	4.407)	/ 2 )
=	-1 * -0.275	/	7.547
=	3.64 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.218	+	8.469
=	10.687

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	4.407
=	4.407

Carote'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: Dec. 2023 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -0.275	/	( (10.687	+	4.407)	/ 2 )
=	-1 * -0.275	/	7.547
=	3.64 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.218	+	8.469
=	10.687

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	4.407
=	4.407

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

Carote (HKSE:02549) Effective Interest Rate on Debt % Explanation

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

Carote Effective Interest Rate on Debt % Related Terms

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Carote Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Carote Ltd (HKSE:02549) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Unit 1, Tower 6, 3rd - 5th Floor, Xiaoshan District, Zhejiang Province, Hangzhou, CHN

Website

https://www.mycarote.com

Carote Ltd is a brand for kitchenware products. Its products are built to emphasize Better for Use and Better for Value, aiming to provide its customers with practical, well-designed, and reasonably priced items that promote a modern cooking lifestyle. The company offers a wide range of kitchenware products to consumers. From essential pots and pans to well-designed tableware and beverage containers, its offering aims to meet the varied needs of different kitchen scenarios and enhance the culinary experience of its customers. Geographically, the company operates in Mainland China, the United States, Western Europe, Japan, Southeast Asia, and other countries. The majority of its revenue is generated from the United States region.

Executives

Guodong Capital Ltd	2201 Interest of corporation controlled by you
Zhang Guodong	2201 Interest of corporation controlled by you
Lyu Yili	2201 Interest of corporation controlled by you
Yili Capital Ltd	2201 Interest of corporation controlled by you
Yili Investment Holdings Ltd	2101 Beneficial owner

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