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Sinofortune Financial Holdings (HKSE:08123) Effective Interest Rate on Debt % : 10.75% (As of Dec. 2023)


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What is Sinofortune Financial 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. Sinofortune Financial Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$3.3 Mil. Sinofortune Financial Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$31.0 Mil. Therefore, Sinofortune Financial Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.75%.


Sinofortune Financial Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Sinofortune Financial 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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Sinofortune Financial Holdings Effective Interest Rate on Debt % Chart

Sinofortune Financial 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 12.45 3.96 3.54 6.49 9.39

Sinofortune Financial 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 7.62 9.24 9.54 9.59 10.75

Competitive Comparison of Sinofortune Financial Holdings's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Sinofortune Financial 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.


Sinofortune Financial Holdings's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Sinofortune Financial Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sinofortune Financial Holdings's Effective Interest Rate on Debt % falls into.



Sinofortune Financial Holdings Effective Interest Rate on Debt % Calculation

Sinofortune Financial 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  *  -2.706/( (26.623+31.028)/ 2 )
=-1  *  -2.706/28.8255
=9.39 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.088 + 25.535
=26.623

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.448 + 30.58
=31.028

Sinofortune Financial 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  *  -3.336/( (0+31.028)/ 1 )
=-1  *  -3.336/31.028
=10.75 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.448 + 30.58
=31.028

* 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.


Sinofortune Financial Holdings  (HKSE:08123) Effective Interest Rate on Debt % Explanation

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


Sinofortune Financial Holdings Effective Interest Rate on Debt % Related Terms

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Sinofortune Financial Holdings (HKSE:08123) Business Description

Traded in Other Exchanges
N/A
Address
No. 64-66 Connaught Road, 16th Floor, CMA Building, Central, Hong Kong, HKG
Sinofortune Financial Holdings Ltd along with its subsidiaries is an integrated financial service and parallel-imported motor vehicles supplier in Hong Kong and the People's Republic of China. The Group is engaged in the provision of securities and futures contracts trading services in Hong Kong, trading of listed securities in Hong Kong, and sales of motor vehicles, provision of agency services and accessories sourcing in the PRC.
Executives
Wang Jiawei 2101 Beneficial owner

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