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Jinke Smart Services Group Co (HKSE:09666) Effective Interest Rate on Debt % : 5.88% (As of Dec. 2023)


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What is Jinke Smart Services Group 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. Jinke Smart Services Group Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$10 Mil. Jinke Smart Services Group Co's average total debt for the quarter that ended in Dec. 2023 was HK$178 Mil. Therefore, Jinke Smart Services Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.88%.

Jinke Smart Services Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Jinke Smart Services Group 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.

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Jinke Smart Services Group Co Effective Interest Rate on Debt % Chart

Jinke Smart Services Group Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 7.59 8.70 1.29 4.61 6.72

Jinke Smart Services Group Co Semi-Annual Data
Dec17 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 2.61 5.11 2.53 4.99 5.88

Competitive Comparison of Jinke Smart Services Group Co's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Jinke Smart Services Group 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.

Jinke Smart Services Group Co's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Jinke Smart Services Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Jinke Smart Services Group Co's Effective Interest Rate on Debt % falls into.


Jinke Smart Services Group Co Effective Interest Rate on Debt % Calculation

Jinke Smart Services Group Co'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  *  -9.984/( (161.525+135.555)/ 2 )
=-1  *  -9.984/148.54
=6.72 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=133.844 + 27.681
=161.525

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=106.553 + 29.002
=135.555

Jinke Smart Services Group Co'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  *  -10.448/( (219.978+135.555)/ 2 )
=-1  *  -10.448/177.7665
=5.88 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=187.488 + 32.49
=219.978

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=106.553 + 29.002
=135.555

* 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.

Jinke Smart Services Group Co  (HKSE:09666) Effective Interest Rate on Debt % Explanation

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

Jinke Smart Services Group Co Effective Interest Rate on Debt % Related Terms

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Jinke Smart Services Group Co (HKSE:09666) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jinke Smart Services Group Co Ltd (HKSE:09666) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:03319 HKSE:03316 HKSE:02156 HKSE:06666 HKSE:00410 HKSE:06626 HKSE:01516 HKSE:00071 HKSE:01686 HKSE:01755 CSGP CBRE XMAD:CLNX BEKE TSE:8830 HKSE:01972 SGX:9CI OSTO:AKEL D HKSE:01997 MIL:INW
Traded in Other Exchanges
N/A
Address
No. 480, Panxi Road, Shimahe Street, Building A4, East Zone, Jinke Shiniancheng, Jiangbei District, Chongqing, CHN
Website
http://www.jinkeservice.com
Jinke Smart Services Group Co Ltd is a smart property management service provider in China. The firm is principally engaged in the provision of property management services, value-added services to non-property owners, community value-added services, and smart living technology solutions. It has focused on the three main regions in China that are Southwestern China, Eastern & Southern China, Central China, and other regions where it generates a majority of its revenue from the Southwestern China Region.
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Hai Nan Xi Wa Si Mu Ji Jin Guan Li You Xian Ze Ren Gong Si 2102 Investment manager
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