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Ming Shing Group Holdings (Ming Shing Group Holdings) Effective Interest Rate on Debt % : 4.72% (As of Sep. 2023)


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What is Ming Shing Group 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. Ming Shing Group Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.27 Mil. Ming Shing Group Holdings's average total debt for the quarter that ended in Sep. 2023 was $5.68 Mil. Therefore, Ming Shing Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 4.72%.

Ming Shing Group Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Ming Shing Group 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.

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Ming Shing Group Holdings Effective Interest Rate on Debt % Chart

Ming Shing Group Holdings Annual Data
Trend Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
7.20 3.44 4.10

Ming Shing Group Holdings Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Effective Interest Rate on Debt % Get a 7-Day Free Trial 4.30 3.12 4.67 4.13 4.72

Competitive Comparison of Ming Shing Group Holdings's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Ming Shing Group 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.

Ming Shing Group Holdings's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ming Shing Group Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Ming Shing Group Holdings's Effective Interest Rate on Debt % falls into.


Ming Shing Group Holdings Effective Interest Rate on Debt % Calculation

Ming Shing Group Holdings'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  *  -0.18/( (3.146+5.624)/ 2 )
=-1  *  -0.18/4.385
=4.10 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.475 + 1.671
=3.146

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.715 + 3.909
=5.624

Ming Shing Group Holdings'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: Mar. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -0.268/( (5.624+5.743)/ 2 )
=-1  *  -0.268/5.6835
=4.72 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.715 + 3.909
=5.624

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.765 + 2.978
=5.743

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

Ming Shing Group Holdings  (NAS:MSW) Effective Interest Rate on Debt % Explanation

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

Ming Shing Group Holdings Effective Interest Rate on Debt % Related Terms

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Ming Shing Group Holdings (Ming Shing Group Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ming Shing Group Holdings Ltd (NAS:MSW) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
Traded in Other Exchanges
N/A
Address
16 Tai Yau Street, 8th Floor, Cheong Tai Factory Building, San Po Kong, Kowloon, Hong Kong, HKG
Website
https://www.ms100.com.hk
Ming Shing Group Holdings Ltd is a holding company, which is primarily operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects.

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