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Henderson Land Development Co (HKSE:00012) Effective Interest Rate on Debt % : 2.22% (As of Dec. 2023)


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What is Henderson Land Development 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. Henderson Land Development Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$2,028 Mil. Henderson Land Development Co's average total debt for the quarter that ended in Dec. 2023 was HK$91,467 Mil. Therefore, Henderson Land Development Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.22%.


Henderson Land Development Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Henderson Land Development 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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Henderson Land Development Co Effective Interest Rate on Debt % Chart

Henderson Land Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.52 0.53 1.17 2.03

Henderson Land Development Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.83 1.51 1.87 2.22

Competitive Comparison of Henderson Land Development Co's Effective Interest Rate on Debt %

For the Real Estate - Diversified subindustry, Henderson Land Development 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.


Henderson Land Development Co's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

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

* The bar in red indicates where Henderson Land Development Co's Effective Interest Rate on Debt % falls into.



Henderson Land Development Co Effective Interest Rate on Debt % Calculation

Henderson Land Development 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  *  -1845/( (88336+93087)/ 2 )
=-1  *  -1845/90711.5
=2.03 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=57431 + 30905
=88336

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=62063 + 31024
=93087

Henderson Land Development 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  *  -2028/( (89847+93087)/ 2 )
=-1  *  -2028/91467
=2.22 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=62925 + 26922
=89847

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=62063 + 31024
=93087

* 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.


Henderson Land Development Co  (HKSE:00012) Effective Interest Rate on Debt % Explanation

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


Henderson Land Development Co Effective Interest Rate on Debt % Related Terms

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Henderson Land Development Co (HKSE:00012) Business Description

Traded in Other Exchanges
Address
8 Finance Street, 72nd -76th Floor, Two International Finance Centre, Central, Hong Kong, HKG
Henderson Land Development is a leading property developer in Hong Kong with a focus on urban redevelopment and farmland conversion. The company was founded in 1976, listed in 1981. Founder Lee Shau Kee is the controlling shareholder, and a series of disposals in December 2017 reduced his stake to below 72.8%. The share disposals were the first since 1993, lessening the possibility of a privatization. Lee stepped down in May 2019, succeeded by his two sons as joint chairmen and managing directors. Henderson Land also controls four listed entities directly, including a 33.4% stake in Hong Kong Ferry, a 69% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, and a 50.1% stake in Miramar Hotel & Investment.
Executives
Hopkins (cayman) Limited 2201 Interest of corporation controlled by you
Riddick (cayman) Limited 2301 Trustee
Rimmer (cayman) Limited 2301 Trustee
Henderson Development Limited 2201 Interest of corporation controlled by you
Yamina Investment Limited 2201 Interest of corporation controlled by you
Believegood Limited 2101 Beneficial owner
South Base Limited 2201 Interest of corporation controlled by you
Richbond Investment Limited 2101 Beneficial owner
Cameron Enterprise Inc. 2101 Beneficial owner
Lee Ka Kit 2501 Other
Lee Ka Shing 2501 Other
Lee Shau Kee 2201 Interest of corporation controlled by you

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