Cheerwin Group (HKSE:06601) Effective Interest Rate on Debt % : 4.89% (As of Dec. 2023)

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What is Cheerwin Group 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. Cheerwin Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$1 Mil. Cheerwin Group's average total debt for the quarter that ended in Dec. 2023 was HK$24 Mil. Therefore, Cheerwin Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.89%.

Cheerwin Group Effective Interest Rate on Debt % Historical Data

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

Cheerwin Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.10

1.67

1.03

5.24

4.46

Cheerwin Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						5.30	4.66	4.86	5.66	4.89

Competitive Comparison of Cheerwin Group's Effective Interest Rate on Debt %

For the Household & Personal Products subindustry, Cheerwin Group'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.

Cheerwin Group's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cheerwin Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Cheerwin Group Effective Interest Rate on Debt % Calculation

Cheerwin Group'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 * -1.097	/	( (18.553	+	30.648)	/ 2 )
=	-1 * -1.097	/	24.6005
=	4.46 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.627	+	6.926
=	18.553

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.389	+	12.259
=	30.648

Cheerwin Group'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 * -1.176	/	( (17.439	+	30.648)	/ 2 )
=	-1 * -1.176	/	24.0435
=	4.89 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.671	+	7.768
=	17.439

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.389	+	12.259
=	30.648

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.

Cheerwin Group (HKSE:06601) Effective Interest Rate on Debt % Explanation

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

Cheerwin Group Effective Interest Rate on Debt % Related Terms

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Cheerwin Group (HKSE:06601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cheerwin Group Ltd (HKSE:06601) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

No. 2, Luju Road, Liwan District, Guangdong Province, Guangzhou, CHN, 510370

Website

https://www.cheerwin.com

Cheerwin Group Ltd is an investment holding company. It is mainly manufacturing and trading of household insecticides and repellents, household cleaning, air care, personal care, pet care, and other products in China. company revenue is geographically derived from PRC.

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