Apex Ace Holding (HKSE:06036) Effective Interest Rate on Debt % : 5.93% (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Apex Ace Holding 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. Apex Ace Holding's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$42 Mil. Apex Ace Holding's average total debt for the quarter that ended in Dec. 2023 was HK$707 Mil. Therefore, Apex Ace Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.93%.

Apex Ace Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for Apex Ace Holding'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.

Apex Ace Holding Effective Interest Rate on Debt % Chart

Apex Ace Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

1.92

1.60

1.88

3.81

5.29

Apex Ace Holding Semi-Annual Data
	Dec14	Dec15	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												1.97	2.76	4.37	5.25	5.93

Competitive Comparison of Apex Ace Holding's Effective Interest Rate on Debt %

For the Electronics & Computer Distribution subindustry, Apex Ace Holding'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.

Apex Ace Holding's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Apex Ace Holding's Effective Interest Rate on Debt % distribution charts can be found below:

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

Apex Ace Holding Effective Interest Rate on Debt % Calculation

Apex Ace Holding'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 * -35.324	/	( (508.509	+	828.156)	/ 2 )
=	-1 * -35.324	/	668.3325
=	5.29 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.958	+	486.551
=	508.509

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.598	+	806.558
=	828.156

Apex Ace Holding'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 * -41.91	/	( (585.896	+	828.156)	/ 2 )
=	-1 * -41.91	/	707.026
=	5.93 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.827	+	565.069
=	585.896

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.598	+	806.558
=	828.156

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.

Apex Ace Holding (HKSE:06036) Effective Interest Rate on Debt % Explanation

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

Apex Ace Holding Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Apex Ace Holding's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Apex Ace Holding (HKSE:06036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apex Ace Holding Ltd (HKSE:06036) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6011 Shennan Avenue, 26K, NEO Tower A, Futian District, Shenzhen, CHN

Website

https://www.apexace.com

Apex Ace Holding Ltd is a distributor of semiconductors and other electronic components and is engaged in the supply of digital storage products and general electronic components along with the provision of complementary technical support. It focuses on identifying, sourcing, selling and distributing electronic components produced by upstream manufacturers to downstream manufacturers in the PRC and Hong Kong. Its Digital Storage products include DRAM, FLASH and MCP memory products, which are applied to multimedia and mobile devices such as set-top boxes, smart TVs, wearable devices, mobile phones. Its General components include switches, connectors, passive components, main chips, sensors, power semiconductors and analog-to-digital converters.

Apex Ace Holding (HKSE:06036) Headlines

No Headlines