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Guotai Junan Securities Co (HKSE:02611) Effective Interest Rate on Debt % : 6.97% (As of Jun. 2024)


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What is Guotai Junan Securities 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. Guotai Junan Securities Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was HK$13,151 Mil. Guotai Junan Securities Co's average total debt for the quarter that ended in Jun. 2024 was HK$188,806 Mil. Therefore, Guotai Junan Securities Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 6.97%.

Guotai Junan Securities Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Guotai Junan Securities 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.

Guotai Junan Securities Co Effective Interest Rate on Debt % Chart

Guotai Junan Securities Co 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 7.09 6.53 5.78 5.75 7.34

Guotai Junan Securities Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 6.66 7.20 7.14 7.55 6.97

Competitive Comparison of Guotai Junan Securities Co's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Guotai Junan Securities 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.

Guotai Junan Securities Co's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Guotai Junan Securities Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Guotai Junan Securities Co's Effective Interest Rate on Debt % falls into.


Guotai Junan Securities Co Effective Interest Rate on Debt % Calculation

Guotai Junan Securities 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  *  -14036.431/( (186259.251+195986.725)/ 2 )
=-1  *  -14036.431/191122.988
=7.34 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=186259.251 + 0
=186259.251

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=195986.725 + 0
=195986.725

Guotai Junan Securities Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -13151.156/( (186305.787+191305.546)/ 2 )
=-1  *  -13151.156/188805.6665
=6.97 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=186305.787 + 0
=186305.787

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=191305.546 + 0
=191305.546

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

Guotai Junan Securities Co  (HKSE:02611) Effective Interest Rate on Debt % Explanation

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

Guotai Junan Securities Co Effective Interest Rate on Debt % Related Terms

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Guotai Junan Securities Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Guotai Junan Securities Co Ltd (HKSE:02611) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
SHSE:600999 SHSE:601688 SHSE:600837 SZSE:000776 SZSE:000166 SZSE:002736 SHSE:601066 SHSE:601788 SHSE:600958 SHSE:601136 MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 RJF TW HKSE:03908 LPLA
Traded in Other Exchanges
153A:Germany 601211:China
Address
No. 768 Nanjing West Road, Guotai Junan Mansion, Jingan District, Shanghai, CHN, 200041
Website
https://www.gtja.com
Guotai Junan Securities Co Ltd is engaged in providing brokerage services, corporate finance, asset management services, and loans and financing services. Its segments include wealth management, investment banking, institutional and trading, investment management, international business and other segments. The company derives most of its revenue from the institutional and trading segment which consists of research, institutional brokerage, trading and investment; and equity investment.
Executives
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Ward Jacqueline Mary Le Maitre 2301 Trustee
Guille Andrew William 2301 Trustee
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Sihchong Kong Investment Holdings Limited 2101 Beneficial owner
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si 2102 Investment manager
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Shang Hai Guo You Zi Chan Jing Ying You Xian Gong Si 2101 Beneficial owner
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