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Huitongda Network Co (HKSE:09878) Effective Interest Rate on Debt % : 13.82% (As of Dec. 2024)


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What is Huitongda Network 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. Huitongda Network Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was HK$231 Mil. Huitongda Network Co's average total debt for the quarter that ended in Dec. 2024 was HK$1,675 Mil. Therefore, Huitongda Network Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 13.82%.

Huitongda Network Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Huitongda Network 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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Huitongda Network Co Effective Interest Rate on Debt % Chart

Huitongda Network Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 132.79 278.56 52.32 33.79 22.90

Huitongda Network Co Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 17.03 18.61 22.46 21.93 13.82

Competitive Comparison of Huitongda Network Co's Effective Interest Rate on Debt %

For the Software - Application subindustry, Huitongda Network 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.

Huitongda Network Co's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Huitongda Network Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Huitongda Network Co's Effective Interest Rate on Debt % falls into.


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Huitongda Network Co Effective Interest Rate on Debt % Calculation

Huitongda Network Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -258.547/( (767.61+1490.864)/ 2 )
=-1  *  -258.547/1129.237
=22.90 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=307.641 + 459.969
=767.61

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=248.375 + 1242.489
=1490.864

Huitongda Network Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Dec. 2024 ))/ count )
=-1  *  -231.46/( (1858.425+1490.864)/ 2 )
=-1  *  -231.46/1674.6445
=13.82 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=269.855 + 1588.57
=1858.425

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=248.375 + 1242.489
=1490.864

* 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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Huitongda Network Co  (HKSE:09878) Effective Interest Rate on Debt % Explanation

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

Huitongda Network Co Effective Interest Rate on Debt % Related Terms

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Huitongda Network Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Huitongda Network Co Ltd (HKSE:09878) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:03738 HKSE:02556 HKSE:00596 HKSE:01675 HKSE:06657 HKSE:00863 HKSE:02013 HKSE:09911 HKSE:00909 HKSE:09669 XTER:SAP CRM NOW INTU UBER ADBE TSX:SHOP ADP APP MSTR
Traded in Other Exchanges
N/A
Address
50 Zhongling Street, Huitongda Building, Jiangsu Province, District Xuanwu, Nanjing, CHN
Website
https://www.htd.cn
Huitongda Network Co Ltd is engaged in the sales of a comprehensive suite of merchandise in the PRC and the provision of intelligent business and marketing subscription services, offering merchant solutions and rendering other various related services. Its business lines are the Commerce business, which mainly includes direct sales and provision of marketplace service that enables merchants to sell their products to transacting users through the online platform, and the service business segment, which mainly represents the provision of intelligent business and marketing SaaS+ subscription service and a collection of merchant solutions. It generates a majority of its revenue from the Commerce business.
Executives
Xu Xiuxian 2101 Beneficial owner
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Taobao Holding Limited 2201 Interest of corporation controlled by you
Zhe Jiang Tian Mao Ji Shu You Xian Gong Si 2201 Interest of corporation controlled by you
Tao Bao Zhong Guo Ruan Jian You Xian Gong Si 2201 Interest of corporation controlled by you
A Li Ba Ba Zhong Guo Wang Luo Ji Shu You Xian Gong Si 2101 Beneficial owner
Wang Jianguo

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