Glory Flame Holdings (HKSE:08059) Effective Interest Rate on Debt % : 8.15% (As of Dec. 2023)

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What is Glory Flame 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. Glory Flame Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$7.2 Mil. Glory Flame Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$88.2 Mil. Therefore, Glory Flame Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.15%.

Glory Flame Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Glory Flame 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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Glory Flame Holdings Effective Interest Rate on Debt % Chart

Glory Flame Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.12

7.61

7.68

7.73

7.99

Glory Flame Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.16	8.07	7.94	8.10	8.15

Competitive Comparison of Glory Flame Holdings's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Glory Flame 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.

Glory Flame Holdings's Effective Interest Rate on Debt % Distribution in the Construction Industry

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

* The bar in red indicates where Glory Flame Holdings's Effective Interest Rate on Debt % falls into.

Glory Flame Holdings Effective Interest Rate on Debt % Calculation

Glory Flame 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 * -7.113	/	( (89.838	+	88.157)	/ 2 )
=	-1 * -7.113	/	88.9975
=	7.99 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.623	+	51.215
=	89.838

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.699	+	51.458
=	88.157

Glory Flame 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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -7.184	/	( (0	+	88.157)	/ 1 )
=	-1 * -7.184	/	88.157
=	8.15 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.699	+	51.458
=	88.157

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 four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Glory Flame Holdings (HKSE:08059) Effective Interest Rate on Debt % Explanation

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

Glory Flame Holdings Effective Interest Rate on Debt % Related Terms

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Glory Flame Holdings (HKSE:08059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Glory Flame Holdings Ltd (HKSE:08059) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Canton Road, Suite 821, 8th Floor, Ocean Centre, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.gf-holdings.com

Glory Flame Holdings Ltd is an investment holding company. The group mainly engages in the provision of concrete demolition services and manufacturing and trading of prefabricated construction components The geographical segments of the group are Hong Kong and the PRC.

Executives

Zhou Jin	2101 Beneficial owner
Zhu Zhou	2101 Beneficial owner
Huang Cheng	2101 Beneficial owner
Du Hao	2101 Beneficial owner

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