Min Xin Holdings (HKSE:00222) Effective Interest Rate on Debt % : 6.09% (As of Dec. 2023)

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What is Min Xin 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. Min Xin Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$50.6 Mil. Min Xin Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$830.9 Mil. Therefore, Min Xin Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.09%.

Min Xin Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Min Xin 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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Min Xin Holdings Effective Interest Rate on Debt % Chart

Min Xin Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.34

2.92

1.35

2.28

5.34

Min Xin 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															1.48	1.77	4.17	4.29	6.09

Competitive Comparison of Min Xin Holdings's Effective Interest Rate on Debt %

For the Insurance - Property & Casualty subindustry, Min Xin 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.

Min Xin Holdings's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Min Xin Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Min Xin Holdings Effective Interest Rate on Debt % Calculation

Min Xin 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 * -41.366	/	( (693.427	+	856.156)	/ 2 )
=	-1 * -41.366	/	774.7915
=	5.34 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	199.149	+	494.278
=	693.427

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	198.888	+	657.268
=	856.156

Min Xin 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 * -50.602	/	( (805.611	+	856.156)	/ 2 )
=	-1 * -50.602	/	830.8835
=	6.09 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	199.018	+	606.593
=	805.611

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	198.888	+	657.268
=	856.156

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.

Min Xin Holdings (HKSE:00222) Effective Interest Rate on Debt % Explanation

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

Min Xin Holdings Effective Interest Rate on Debt % Related Terms

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Min Xin Holdings (HKSE:00222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Min Xin Holdings Ltd (HKSE:00222) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

MXD:Germany

Address

No. 8 Cotton Tree Drive, 17th Floor, Fairmont House, Central, Hong Kong, HKG

Website

https://www.minxin.com.hk

Min Xin Holdings Ltd is a Hong Kong-based investment holding company. It provides business including banking investment, microfinance, insurance, property investment, and energy investment. Mainland China. It organizes its business into five segments namely Financial Services, Insurance, Property investment, Strategic Investment, and Other activities. It operates its business in Hong Kong, Mainland China, and Macau, and derives a majority of its revenue from Macau.

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