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Yangzijiang Financial Holding (Yangzijiang Financial Holding) Effective Interest Rate on Debt % : -30.33% (As of Dec. 2023)


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What is Yangzijiang Financial Holding 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. Yangzijiang Financial Holding's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $-0.2 Mil. Yangzijiang Financial Holding's average total debt for the quarter that ended in Dec. 2023 was $0.6 Mil. Therefore, Yangzijiang Financial Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -30.33%.

Yangzijiang Financial Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for Yangzijiang Financial Holding'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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Yangzijiang Financial Holding Effective Interest Rate on Debt % Chart

Yangzijiang Financial Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - - 1.32 6.61

Yangzijiang Financial Holding Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial - - 2.64 16.19 -30.33

Competitive Comparison of Yangzijiang Financial Holding's Effective Interest Rate on Debt %

For the Asset Management subindustry, Yangzijiang Financial Holding'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.

Yangzijiang Financial Holding's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Yangzijiang Financial Holding's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Yangzijiang Financial Holding's Effective Interest Rate on Debt % falls into.


Yangzijiang Financial Holding Effective Interest Rate on Debt % Calculation

Yangzijiang Financial Holding'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  *  -0.374/( (10.773+0.55)/ 2 )
=-1  *  -0.374/5.6615
=6.61 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.542 + 10.231
=10.773

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.269 + 0.281
=0.55

Yangzijiang Financial Holding'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  *  0.192/( (0.716+0.55)/ 2 )
=-1  *  0.192/0.633
=-30.33 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.435 + 0.281
=0.716

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.269 + 0.281
=0.55

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

Yangzijiang Financial Holding  (OTCPK:YNGFF) Effective Interest Rate on Debt % Explanation

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

Yangzijiang Financial Holding Effective Interest Rate on Debt % Related Terms

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Yangzijiang Financial Holding (Yangzijiang Financial Holding) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Yangzijiang Financial Holding Ltd (OTCPK:YNGFF) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
SGX:P15 SGX:B73 SGX:BLS SGX:42T SGX:T55 SGX:5SY SGX:8A1 BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III OSTO:EQT TROW STT
Traded in Other Exchanges
YF8:Singapore
Address
9 Raffles Place, No. 54-01 Republic Plaza, Singapore, SGP, 048619
Website
https://www.yzjfin.com
Yangzijiang Financial Holding Ltd operates as an investment management business, which seeks capital appreciation and investment income from investments in both public and private companies as funds, as well as deploying funds into various situations, and the debt investment business, which is primarily made up of debt investments. The principal activities of the Group consist of micro-financing, debt investments at amortized cost, fund management and other investments and therefore management considers that the Group operates in one single business segment at two geographical locations.

Yangzijiang Financial Holding (Yangzijiang Financial Holding) Headlines

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