Greentown Management Holdings Co (HKSE:09979) Effective Interest Rate on Debt % : 55.08% (As of Dec. 2023)

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What is Greentown Management Holdings 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. Greentown Management Holdings Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$6 Mil. Greentown Management Holdings Co's average total debt for the quarter that ended in Dec. 2023 was HK$11 Mil. Therefore, Greentown Management Holdings Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 55.08%.

Greentown Management Holdings Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Greentown Management Holdings 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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Greentown Management Holdings Co Effective Interest Rate on Debt % Chart

Greentown Management Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.28

8.83

35.64

38.54

43.37

Greentown Management Holdings 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							38.71	41.31	36.60	36.14	55.08

Competitive Comparison of Greentown Management Holdings Co's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Greentown Management Holdings 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.

Greentown Management Holdings Co's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Greentown Management Holdings Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Greentown Management Holdings Co's Effective Interest Rate on Debt % falls into.

Greentown Management Holdings Co Effective Interest Rate on Debt % Calculation

Greentown Management Holdings 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 * -5.916	/	( (18.994	+	8.288)	/ 2 )
=	-1 * -5.916	/	13.641
=	43.37 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.205	+	8.789
=	18.994

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.658	+	4.63
=	8.288

Greentown Management Holdings 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 * -5.976	/	( (13.413	+	8.288)	/ 2 )
=	-1 * -5.976	/	10.8505
=	55.08 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.721	+	6.692
=	13.413

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.658	+	4.63
=	8.288

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.

Greentown Management Holdings Co (HKSE:09979) Effective Interest Rate on Debt % Explanation

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

Greentown Management Holdings Co Effective Interest Rate on Debt % Related Terms

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Greentown Management Holdings Co (HKSE:09979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Greentown Management Holdings Co Ltd (HKSE:09979) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

767 Wen Yi West Road, Xixi International, 9th Floor, Block C, Xihu District, Zhejiang, Hangzhou, CHN

Website

https://www.lcgljt.com

Greentown Management Holdings Co Ltd is the project management company in the PRC. The company's operating segments are Commercial Project Management, Government Project Management, and Other Services. The firm generates a majority of its revenue from Commercial project management which is engaged in providing property development management service to project owner; Governmental project management provides property development management service to the government on resettlement housing property development projects and public infrastructure.

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