Chongqing Hongjiu Fruit Co (HKSE:06689) Effective Interest Rate on Debt % : 4.33% (As of Jun. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Chongqing Hongjiu Fruit 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. Chongqing Hongjiu Fruit Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was HK$125 Mil. Chongqing Hongjiu Fruit Co's average total debt for the quarter that ended in Jun. 2023 was HK$2,889 Mil. Therefore, Chongqing Hongjiu Fruit Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 4.33%.

Chongqing Hongjiu Fruit Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Chongqing Hongjiu Fruit 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.

Chongqing Hongjiu Fruit Co Effective Interest Rate on Debt % Chart

Chongqing Hongjiu Fruit Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

26.88

8.77

5.58

4.56

Chongqing Hongjiu Fruit Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			20.66	3.68	3.80	4.55	4.33

Competitive Comparison of Chongqing Hongjiu Fruit Co's Effective Interest Rate on Debt %

For the Food Distribution subindustry, Chongqing Hongjiu Fruit 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.

Chongqing Hongjiu Fruit Co's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Chongqing Hongjiu Fruit Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Chongqing Hongjiu Fruit Co's Effective Interest Rate on Debt % falls into.

Chongqing Hongjiu Fruit Co Effective Interest Rate on Debt % Calculation

Chongqing Hongjiu Fruit Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -86.263	/	( (1136.962	+	2646.548)	/ 2 )
=	-1 * -86.263	/	1891.755
=	4.56 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.408	+	1094.554
=	1136.962

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.387	+	2579.161
=	2646.548

Chongqing Hongjiu Fruit Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -125.102	/	( (2646.548	+	3131.191)	/ 2 )
=	-1 * -125.102	/	2888.8695
=	4.33 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.387	+	2579.161
=	2646.548

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	55.574	+	3075.617
=	3131.191

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 (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Chongqing Hongjiu Fruit Co (HKSE:06689) Effective Interest Rate on Debt % Explanation

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

Chongqing Hongjiu Fruit Co Effective Interest Rate on Debt % Related Terms

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

Chongqing Hongjiu Fruit Co (HKSE:06689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Chongqing Hongjiu Fruit Co Ltd (HKSE:06689) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Donghu South Road, 22nd Floor, Block B, Zhongtiefenghui, Yubei District, Chongqing, CHN

Website

https://www.hjfruit.com

Chongqing Hongjiu Fruit Co Ltd is a fast-growing and multi-brand fruit company in China with an end-to-end supply chain. It focuses on managing the entire supply chain for quality fruits primarily grown in China, Thailand and Vietnam.

Chongqing Hongjiu Fruit Co (HKSE:06689) Headlines

No Headlines