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Haitian International Holdings (HKSE:01882) Effective Interest Rate on Debt % : 3.38% (As of Dec. 2023)


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What is Haitian International 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. Haitian International Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$102 Mil. Haitian International Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$3,006 Mil. Therefore, Haitian International Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.38%.

Haitian International Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Haitian International 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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Haitian International Holdings Effective Interest Rate on Debt % Chart

Haitian International Holdings 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 3.34 3.11 2.70 3.04 3.51

Haitian International 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 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 2.74 2.23 3.45 2.62 3.38

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

For the Specialty Industrial Machinery subindustry, Haitian International 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.

Haitian International Holdings's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Haitian International Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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


Haitian International Holdings Effective Interest Rate on Debt % Calculation

Haitian International 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  *  -81.007/( (1607.051+3006.365)/ 2 )
=-1  *  -81.007/2306.708
=3.51 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=126.778 + 1480.273
=1607.051

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2737.21 + 269.155
=3006.365

Haitian International 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  *  -101.594/( (3005.739+3006.365)/ 2 )
=-1  *  -101.594/3006.052
=3.38 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2857.629 + 148.11
=3005.739

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2737.21 + 269.155
=3006.365

* 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.

Haitian International Holdings  (HKSE:01882) Effective Interest Rate on Debt % Explanation

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

Haitian International Holdings Effective Interest Rate on Debt % Related Terms

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Haitian International Holdings (HKSE:01882) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Haitian International Holdings Ltd (HKSE:01882) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:09663 HKSE:02285 HKSE:01133 HKSE:02155 HKSE:01286 HKSE:00558 HKSE:02722 HKSE:01665 HKSE:01597 HKSE:00658 GE XTER:SIE XPAR:SU ETN ITW OSTO:ATCO A PH XKRX:373220 EMR AME
Traded in Other Exchanges
HI6:Germany
Address
No.1688 Haitian Road, Beilun District, Zhejiang Province, Ningbo, CHN, 315800
Website
https://www.haitianinter.com
Haitian International Holdings Ltd is an investment holding company principally engaged in the manufacture and distribution of plastic injection moulding machines and related products. The main products are hydraulic and electric plastic injection moulding machines. The group operates in Mainland China, Hong Kong, and overseas countries. The company generates a majority of its revenue from Mainland China through sales of plastic injection moulding machines and related products.

Haitian International Holdings (HKSE:01882) Headlines

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