GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Far East Horizon Ltd (OTCPK:FEHZY) » Definitions » Effective Interest Rate on Debt %

Far East Horizon (Far East Horizon) Effective Interest Rate on Debt % : 0.39% (As of Dec. 2023)


View and export this data going back to 2012. Start your Free Trial

What is Far East Horizon 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. Far East Horizon's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $142 Mil. Far East Horizon's average total debt for the quarter that ended in Dec. 2023 was $36,731 Mil. Therefore, Far East Horizon's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.39%.


Far East Horizon Effective Interest Rate on Debt % Historical Data

The historical data trend for Far East Horizon'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.

* Premium members only.

Far East Horizon Effective Interest Rate on Debt % Chart

Far East Horizon 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 0.27 0.34 0.02 0.01 0.40

Far East Horizon 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 -0.30 0.44 -0.41 0.40 0.39

Competitive Comparison of Far East Horizon's Effective Interest Rate on Debt %

For the Credit Services subindustry, Far East Horizon'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.


Far East Horizon's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Far East Horizon's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Far East Horizon's Effective Interest Rate on Debt % falls into.



Far East Horizon Effective Interest Rate on Debt % Calculation

Far East Horizon'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  *  -145.368/( (36122.303+35940.701)/ 2 )
=-1  *  -145.368/36031.502
=0.40 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18393.637 + 17728.666
=36122.303

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17359.921 + 18580.78
=35940.701

Far East Horizon'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  *  -141.702/( (37520.56+35940.701)/ 2 )
=-1  *  -141.702/36730.6305
=0.39 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=16077.162 + 21443.398
=37520.56

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17359.921 + 18580.78
=35940.701

* 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.


Far East Horizon  (OTCPK:FEHZY) Effective Interest Rate on Debt % Explanation

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


Far East Horizon Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Far East Horizon's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Far East Horizon (Far East Horizon) Business Description

Traded in Other Exchanges
Address
1 Austin Road West, Unit 6608, 66th Floor, International Commerce Centre, Kowloon, Hong Kong, HKG
Far East Horizon Ltd is a specialty finance provider. Its services entail integrated finance, investment, trade, advisory and engineering services in healthcare, infrastructure construction, electronic information, packaging, transportation and other sectors. The company operates in two segments. The Financial, lease, and advisory business is the highest revenue-generating segment for the company that deals with the provision of direct finance leasing, sale-leaseback, factoring, entrusted loans, and advisory services. The industrial operation and management business segment deals with the import and export trade and domestic trade of medical equipment, the provision of trade agency services, medical engineering, hospital and healthcare management, and ship brokerage services.

Far East Horizon (Far East Horizon) Headlines

No Headlines