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Freetech Road Recycling Technology (Holdings) (HKSE:06888) Effective Interest Rate on Debt % : 3.00% (As of Dec. 2023)


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What is Freetech Road Recycling Technology (Holdings) 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. Freetech Road Recycling Technology (Holdings)'s annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$3.0 Mil. Freetech Road Recycling Technology (Holdings)'s average total debt for the quarter that ended in Dec. 2023 was HK$99.6 Mil. Therefore, Freetech Road Recycling Technology (Holdings)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.00%.


Freetech Road Recycling Technology (Holdings) Effective Interest Rate on Debt % Historical Data

The historical data trend for Freetech Road Recycling Technology (Holdings)'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.

Freetech Road Recycling Technology (Holdings) Effective Interest Rate on Debt % Chart

Freetech Road Recycling Technology (Holdings) 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 5.15 4.33 4.60 4.58 3.27

Freetech Road Recycling Technology (Holdings) Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 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 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 4.80 4.18 4.64 3.60 3.00

Competitive Comparison of Freetech Road Recycling Technology (Holdings)'s Effective Interest Rate on Debt %

For the Infrastructure Operations subindustry, Freetech Road Recycling Technology (Holdings)'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.


Freetech Road Recycling Technology (Holdings)'s Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Freetech Road Recycling Technology (Holdings)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Freetech Road Recycling Technology (Holdings)'s Effective Interest Rate on Debt % falls into.



Freetech Road Recycling Technology (Holdings) Effective Interest Rate on Debt % Calculation

Freetech Road Recycling Technology (Holdings)'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  *  -3.24/( (96.266+101.717)/ 2 )
=-1  *  -3.24/98.9915
=3.27 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.527 + 93.739
=96.266

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.985 + 100.732
=101.717

Freetech Road Recycling Technology (Holdings)'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  *  -2.99/( (97.503+101.717)/ 2 )
=-1  *  -2.99/99.61
=3.00 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.744 + 95.759
=97.503

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.985 + 100.732
=101.717

* 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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Freetech Road Recycling Technology (Holdings)  (HKSE:06888) Effective Interest Rate on Debt % Explanation

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


Freetech Road Recycling Technology (Holdings) Effective Interest Rate on Debt % Related Terms

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Freetech Road Recycling Technology (Holdings) (HKSE:06888) Business Description

Traded in Other Exchanges
N/A
Address
178 Gloucester Road, 29th Floor, Chinachem Century Tower, Wanchai, Hong Kong, HKG
Freetech Road Recycling Technology (Holdings) Ltd is an investment holding company engaged in the manufacturing and sale of road maintenance equipment and provision of road maintenance services in the People's Republic of China (the PRC). The operating segments of the group are APM service segment, where it provides APM services under the registered trademark (Road Doctor) to repair damaged asphalt pavement surfaces, and the APM equipment segment, where it manufactures and sells a wide range of APM equipment. It derives the majority of its revenue from APM Services. It has a business presence in Mainland China and other overseas markets.
Executives
Bank Of Communications Trustee Limited 2301 Trustee
Sze Wai Pan 2101 Beneficial owner
Freetech Technology Limited 2201 Interest of corporation controlled by you

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