World Houseware holdings (World Houseware holdings) Effective Interest Rate on Debt % : 9.47% (As of Dec. 2023)

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What is World Houseware 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. World Houseware holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.96 Mil. World Houseware holdings's average total debt for the quarter that ended in Dec. 2023 was $10.13 Mil. Therefore, World Houseware holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.47%.

World Houseware holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for World Houseware 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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World Houseware holdings Effective Interest Rate on Debt % Chart

World Houseware holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.56

9.38

9.43

13.40

14.92

World Houseware holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.77	11.10	11.95	17.93	9.47

Competitive Comparison of World Houseware holdings's Effective Interest Rate on Debt %

For the Building Products & Equipment subindustry, World Houseware 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.

World Houseware holdings's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, World Houseware holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where World Houseware holdings's Effective Interest Rate on Debt % falls into.

World Houseware holdings Effective Interest Rate on Debt % Calculation

World Houseware 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 * -1.72	/	( (15.197	+	7.86)	/ 2 )
=	-1 * -1.72	/	11.5285
=	14.92 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.108	+	7.089
=	15.197

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.375	+	2.485
=	7.86

World Houseware holdings'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 * -0.96	/	( (12.405	+	7.86)	/ 2 )
=	-1 * -0.96	/	10.1325
=	9.47 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.313	+	6.092
=	12.405

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.375	+	2.485
=	7.86

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.

World Houseware holdings (OTCPK:WHWRF) Effective Interest Rate on Debt % Explanation

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

World Houseware holdings Effective Interest Rate on Debt % Related Terms

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World Houseware holdings (World Houseware holdings) Business Description

Industry

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00713:Hong Kong

Address

16-18 Wah Sing Street, Flat C, 18th Floor, Bold Win Industrial Building, New Territories, Kwai Chung, Hong Kong, HKG

Website

http://www.worldhse.com

World Houseware holdings is an investment holding company. The company, along with its subsidiaries, operates in three segments. Its Household products segment is engaged in the manufacturing and distribution of household products, the PVC pipes and fittings segment manufactures and distributes PVC pipes and fittings, and the Property investment segment includes investment in properties. The firm generates a majority of its revenue from the PVC pipes and fittings segment.

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