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Luxey International (Holdings) (HKSE:08041) Effective Interest Rate on Debt % : 12.13% (As of Dec. 2023)


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What is Luxey International (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. Luxey International (Holdings)'s annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$0.28 Mil. Luxey International (Holdings)'s average total debt for the quarter that ended in Dec. 2023 was HK$2.31 Mil. Therefore, Luxey International (Holdings)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.13%.


Luxey International (Holdings) Effective Interest Rate on Debt % Historical Data

The historical data trend for Luxey International (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.

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Luxey International (Holdings) Effective Interest Rate on Debt % Chart

Luxey International (Holdings) Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.80 3.06 5.68 11.81 12.34

Luxey International (Holdings) Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 13.26 9.30 11.89 10.05 12.13

Competitive Comparison of Luxey International (Holdings)'s Effective Interest Rate on Debt %

For the Apparel Manufacturing subindustry, Luxey International (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.


Luxey International (Holdings)'s Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Luxey International (Holdings)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Luxey International (Holdings)'s Effective Interest Rate on Debt % falls into.



Luxey International (Holdings) Effective Interest Rate on Debt % Calculation

Luxey International (Holdings)'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -0.59/( (5.858+3.702)/ 2 )
=-1  *  -0.59/4.78
=12.34 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.221 + 2.637
=5.858

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.764 + 2.938
=3.702

Luxey International (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: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -0.28/( (0+2.308)/ 1 )
=-1  *  -0.28/2.308
=12.13 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.246 + 2.062
=2.308

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


Luxey International (Holdings)  (HKSE:08041) Effective Interest Rate on Debt % Explanation

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


Luxey International (Holdings) Effective Interest Rate on Debt % Related Terms

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Luxey International (Holdings) (HKSE:08041) Business Description

Traded in Other Exchanges
N/A
Address
1 Wing Ming Street, Hang Cheong Factory Building, Unit B, 5th floor, Cheung Sha Wan, Kowloon, Hong Kong, HKG
Luxey International (Holdings) Ltd is an is an investment holding company. The company along with its subsidiaries operates in three segments, the Swimwear and garment segment is engaged in the manufacturing and trading of swimwear and garment products. The E-commerce and online shopping-related segment is engaged in the E-Commerce and provision of online shopping services. The money lending segment includes lending activities, and the majority of its revenue generates from the Swimwear and garment segment.
Executives
Wide Select Investments Limited 2101 Beneficial owner
Lee Yim 2201 Interest of corporation controlled by you
Lau Chi Yuen Joseph 2101 Beneficial owner
Big Good Management Limited 2101 Beneficial owner
Ma Hoi Cheuk 2201 Interest of corporation controlled by you
Jl Investments Capital Limited 2101 Beneficial owner

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