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Weilong Delicious Global Holdings (HKSE:09985) Effective Interest Rate on Debt % : 8.76% (As of Jun. 2024)


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What is Weilong Delicious Global 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. Weilong Delicious Global Holdings's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was HK$18 Mil. Weilong Delicious Global Holdings's average total debt for the quarter that ended in Jun. 2024 was HK$209 Mil. Therefore, Weilong Delicious Global Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 8.76%.


Weilong Delicious Global Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Weilong Delicious Global 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.

* Premium members only.

Weilong Delicious Global Holdings Effective Interest Rate on Debt % Chart

Weilong Delicious Global Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 2.05 1.27 3.89 11.84 6.24

Weilong Delicious Global Holdings Semi-Annual Data
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 - 7.43 15.55 8.76 7.02

Competitive Comparison of Weilong Delicious Global Holdings's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Weilong Delicious Global 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.


Weilong Delicious Global Holdings's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Weilong Delicious Global Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Weilong Delicious Global Holdings's Effective Interest Rate on Debt % falls into.


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Weilong Delicious Global Holdings Effective Interest Rate on Debt % Calculation

Weilong Delicious Global 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  *  -23.545/( (186.05+211.714)/ 2 )
=-1  *  -23.545/198.882
=11.84 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=182.188 + 3.862
=186.05

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=205.51 + 6.204
=211.714

Weilong Delicious Global Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -18.304/( (211.714+206.244)/ 2 )
=-1  *  -18.304/208.979
=8.76 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=205.51 + 6.204
=211.714

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=197.846 + 8.398
=206.244

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


Weilong Delicious Global Holdings  (HKSE:09985) Effective Interest Rate on Debt % Explanation

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


Weilong Delicious Global Holdings Effective Interest Rate on Debt % Related Terms

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Weilong Delicious Global Holdings Business Description

Traded in Other Exchanges
N/A
Address
Intersection of Dongfanghong Road and Zhongshan Road, Southwest Corner, Shaoling District, Henan, Luohe, CHN
Weilong Delicious Global Holdings Ltd is principally engaged in the production and sale of spicy snack food. The group is organized into business units based on the products and has three reportable operating segments namely, Seasoned flour products, comprising Big Latiao, Mini Latiao, Spicy Hot Stick, Mini Hot Stick and Kiss Burn; Vegetable products, comprising Konjac Shuang and Fengchi Kelp and Bean-based and other products, comprising Soft Tofu Skin, 78 Braised egg and meat products. Majority of the company's revenue is derived from Seasoned flour products and the business activities are conducted in China.
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