Min Fu International Holding (HKSE:08511) Effective Interest Rate on Debt % : 7.53% (As of Sep. 2023)

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What is Min Fu International 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. Min Fu International Holding's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was HK$0.46 Mil. Min Fu International Holding's average total debt for the quarter that ended in Sep. 2023 was HK$6.05 Mil. Therefore, Min Fu International Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 7.53%.

Min Fu International Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for Min Fu International 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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Min Fu International Holding Effective Interest Rate on Debt % Chart

Min Fu International Holding Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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1.30

5.16

12.04

Min Fu International Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.57	10.31	2.39	5.40	7.53

Competitive Comparison of Min Fu International Holding's Effective Interest Rate on Debt %

For the Scientific & Technical Instruments subindustry, Min Fu International 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.

Min Fu International Holding's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Min Fu International Holding's Effective Interest Rate on Debt % distribution charts can be found below:

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

Min Fu International Holding Effective Interest Rate on Debt % Calculation

Min Fu International Holding's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.934	/	( (2.486	+	13.031)	/ 2 )
=	-1 * -0.934	/	7.7585
=	12.04 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.486
=	2.486

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.949	+	8.082
=	13.031

Min Fu International Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.456	/	( (0	+	6.053)	/ 1 )
=	-1 * -0.456	/	6.053
=	7.53 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.607	+	5.446
=	6.053

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

Min Fu International Holding (HKSE:08511) Effective Interest Rate on Debt % Explanation

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

Min Fu International Holding Effective Interest Rate on Debt % Related Terms

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Min Fu International Holding (HKSE:08511) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Min Fu International Holding Ltd (HKSE:08511) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 1, 16/F, Financial Centre, 22 Taizi Road, Nanshan district, Shenzhen, CHN

Website

http://www.minfuintl.com

Min Fu International Holding Ltd is an investment holding company. The company is engaged in the provision of smart manufacturing solution provider focusing on precision 3D testing solutions and precision machining solutions in China. It generates maximum revenue from Precision 3D testing solutions. The company products portfolio includes Non-contact optical measurement and Non-contact three-dimensional dynamic measurement.

Executives

Huang Minzhi	2101 Beneficial owner
Huang Minfu	2101 Beneficial owner
Ho Chun Kit Gregory	2201 Interest of corporation controlled by you
Tecway Technology Limited	2101 Beneficial owner
Ifg Swans Holding Ltd.	2101 Beneficial owner
Wu Di	2201 Interest of corporation controlled by you
Theia Vision Capital Limited	2101 Beneficial owner
Theia Vision Capital Limited	2101 Beneficial owner

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