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China Merchants Securities Co (HKSE:06099) Effective Interest Rate on Debt % : 5.68% (As of Dec. 2023)


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What is China Merchants Securities 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. China Merchants Securities Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$11,731 Mil. China Merchants Securities Co's average total debt for the quarter that ended in Dec. 2023 was HK$206,708 Mil. Therefore, China Merchants Securities Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.68%.


China Merchants Securities Co Effective Interest Rate on Debt % Historical Data

The historical data trend for China Merchants Securities 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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China Merchants Securities Co Effective Interest Rate on Debt % Chart

China Merchants Securities 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 6.09 5.68 5.88 4.79 4.73

China Merchants Securities Co 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 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 4.95 5.42 5.45 5.56 5.68

Competitive Comparison of China Merchants Securities Co's Effective Interest Rate on Debt %

For the Capital Markets subindustry, China Merchants Securities 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.


China Merchants Securities Co's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, China Merchants Securities Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Merchants Securities Co's Effective Interest Rate on Debt % falls into.



China Merchants Securities Co Effective Interest Rate on Debt % Calculation

China Merchants Securities 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  *  -10416.521/( (205021.64+235627.93)/ 2 )
=-1  *  -10416.521/220324.785
=4.73 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=205021.64 + 0
=205021.64

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=235627.93 + 0
=235627.93

China Merchants Securities 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: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -11731.064/( (177787.251+235627.93)/ 2 )
=-1  *  -11731.064/206707.5905
=5.68 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=177787.251 + 0
=177787.251

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=235627.93 + 0
=235627.93

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


China Merchants Securities Co  (HKSE:06099) Effective Interest Rate on Debt % Explanation

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


China Merchants Securities Co Effective Interest Rate on Debt % Related Terms

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China Merchants Securities Co (HKSE:06099) Business Description

Traded in Other Exchanges
Address
No. 111, 1st Fuhua Road, Futian District, Guangdong, Shenzhen, CHN, 518046
China Merchants Securities Co Ltd is a financial service provider. Its business is divided into four segments: Wealth management and institutional business; Investment banking; Investment management; and Investment and trading. The Wealth management and institutional business include brokerage and wealth management, capital-based intermediary business, and institutional client integrated services. Investment banking business includes equity underwriting, debt underwriting, and financial advisory businesses. The Investment management business engages in securities asset management and private equity investment fund business. Investment and trading business includes the investment and trading of equity and fixed-income products and other financial products.

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