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Lufax Holding (HKSE:06623) Effective Interest Rate on Debt % : 21.75% (As of Jun. 2024)


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What is Lufax 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. Lufax Holding's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was HK$11,230 Mil. Lufax Holding's average total debt for the quarter that ended in Jun. 2024 was HK$51,625 Mil. Therefore, Lufax Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 21.75%.


Lufax Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for Lufax 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.

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Lufax Holding Effective Interest Rate on Debt % Chart

Lufax Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 20.44 29.46 28.58 25.91 18.59

Lufax Holding 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 1.05 0.35 81.22 0.50 21.75

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

For the Credit Services subindustry, Lufax 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.


Lufax Holding's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Lufax Holding's Effective Interest Rate on Debt % distribution charts can be found below:

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



Lufax Holding Effective Interest Rate on Debt % Calculation

Lufax 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  *  -10074.169/( (59313.984+49067.19)/ 2 )
=-1  *  -10074.169/54190.587
=18.59 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=59313.984 + 0
=59313.984

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=49067.19 + 0
=49067.19

Lufax Holding'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  *  -11229.604/( (52390.931+50859.862)/ 2 )
=-1  *  -11229.604/51625.3965
=21.75 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=52390.931 + 0
=52390.931

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=50859.862 + 0
=50859.862

* 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.


Lufax Holding  (HKSE:06623) Effective Interest Rate on Debt % Explanation

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


Lufax Holding Effective Interest Rate on Debt % Related Terms

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Lufax Holding Business Description

Traded in Other Exchanges
Address
Jinxiu East Road, Lane 2777, Pudong New District, Shanghai, CHN
Lufax Holding Ltd is a technology-empowered personal financial services platform in China. The company address the large unmet demand for personal lending among small business owners as well as salaried workers in China and provides tailor-made wealth management solutions to China's middle class and affluent population. Its platform has two hubs namely Retail Credit Facilitation Hub and Wealth Management Hub.
Executives
Dou Wenwei 2201 Interest of corporation controlled by you
Lanbang Investment Company Limited 2201 Interest of corporation controlled by you
Shi Jingkui 2201 Interest of corporation controlled by you
Tongjun Investment Company Limited 2201 Interest of corporation controlled by you
Tun Kung Company Limited 2101 Beneficial owner
Wang Wenjun 2201 Interest of corporation controlled by you
Yang Xuelian 2201 Interest of corporation controlled by you
An Ke Technology Company Limited 2101 Beneficial owner
Shenzhen Ping An Financial Technology Consulting Co., Ltd. 2201 Interest of corporation controlled by you
China Ping An Insurance Overseas (holdings) Limited 2101 Beneficial owner
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you

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