mF International (mF International) Effective Interest Rate on Debt % : 2.48% (As of Dec. 2023)

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What is mF International 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. mF International's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.05 Mil. mF International's average total debt for the quarter that ended in Dec. 2023 was $1.81 Mil. Therefore, mF International's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.48%.

mF International Effective Interest Rate on Debt % Historical Data

The historical data trend for mF International'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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mF International Effective Interest Rate on Debt % Chart

mF International Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

2.99

2.82

2.48

mF International Semi-Annual Data
	Dec21	Dec22	Dec23
Effective Interest Rate on Debt %	2.99	2.82	2.48

Competitive Comparison of mF International's Effective Interest Rate on Debt %

For the Software - Application subindustry, mF International'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.

mF International's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, mF International's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where mF International's Effective Interest Rate on Debt % falls into.

mF International Effective Interest Rate on Debt % Calculation

mF International'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 * -0.045	/	( (1.976	+	1.65)	/ 2 )
=	-1 * -0.045	/	1.813
=	2.48 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.292	+	0.684
=	1.976

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.977	+	0.673
=	1.65

mF International'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: Dec. 2022 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.045	/	( (1.976	+	1.65)	/ 2 )
=	-1 * -0.045	/	1.813
=	2.48 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.292	+	0.684
=	1.976

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.977	+	0.673
=	1.65

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

mF International (NAS:MFI) Effective Interest Rate on Debt % Explanation

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

mF International Effective Interest Rate on Debt % Related Terms

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mF International (mF International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » mF International Ltd (NAS:MFI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

77-79 Gloucester Road, Unit 1801, Fortis Tower, Wan Chai, Hong Kong, HKG

Website

https://www.m-finance.com

mF International Ltd is a holding company and all of its operations are carried out by Operating Subsidiaries in Hong Kong. It is a financial trading solution provider principally engaged in the development and provision of financial trading solutions. It has approximately 20 years of experience in providing real-time mission-critical forex, bullion/commodities trading platform solutions, financial value-added services, mobile applications, and financial information for brokers and institutional clients via internet or platform as software as a service. The company has provided a wide range of top-notch services, including mF4 Trading Platform, Bridge and Plugins, CRM System, ECN System, Liquidity Solutions, Cross-platform Broker Plus Solution, Social Trading Applications and others.

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