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CMGE Technology Group (HKSE:00302) Effective Interest Rate on Debt % : 4.15% (As of Dec. 2023)


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What is CMGE Technology Group 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. CMGE Technology Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$21 Mil. CMGE Technology Group's average total debt for the quarter that ended in Dec. 2023 was HK$516 Mil. Therefore, CMGE Technology Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.15%.

CMGE Technology Group Effective Interest Rate on Debt % Historical Data

The historical data trend for CMGE Technology Group'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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CMGE Technology Group Effective Interest Rate on Debt % Chart

CMGE Technology Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 5.48 7.61 3.88 5.22 3.86

CMGE Technology Group Semi-Annual Data
Dec16 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 4.11 3.92 5.53 4.29 4.15

Competitive Comparison of CMGE Technology Group's Effective Interest Rate on Debt %

For the Electronic Gaming & Multimedia subindustry, CMGE Technology Group'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.

CMGE Technology Group's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CMGE Technology Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where CMGE Technology Group's Effective Interest Rate on Debt % falls into.


CMGE Technology Group Effective Interest Rate on Debt % Calculation

CMGE Technology Group'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  *  -21.48/( (543.461+570.851)/ 2 )
=-1  *  -21.48/557.156
=3.86 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.214 + 513.247
=543.461

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17.315 + 553.536
=570.851

CMGE Technology Group'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  *  -21.392/( (461.262+570.851)/ 2 )
=-1  *  -21.392/516.0565
=4.15 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=20.942 + 440.32
=461.262

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17.315 + 553.536
=570.851

* 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.

CMGE Technology Group  (HKSE:00302) Effective Interest Rate on Debt % Explanation

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

CMGE Technology Group Effective Interest Rate on Debt % Related Terms

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CMGE Technology Group (HKSE:00302) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » CMGE Technology Group Ltd (HKSE:00302) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:02660 HKSE:00799 HKSE:01119 HKSE:06633 HKSE:03798 HKSE:06820 HKSE:02400 HKSE:09990 HKSE:00797 HKSE:09890 ATVI ATVI NTES TSE:7974 EA TTWO RBLX TSE:3659 TSE:9766 TSE:9697
Traded in Other Exchanges
N/A
Address
Zhongkang North Road, 10th Floor, Building No. 4, Zhuoyue Meilin Center Square, Futian District, Guangdong Province, Shenzhen, CHN
Website
https://www.cmge.com
CMGE is an IP-based mobile game developer and publisher in China with 55 licensed IPs and 68 proprietary IPs as of the end of 2021. The company has over 80 games on the shelf and over 20 games with lifecycles of over three years. Average monthly active users, or MAUs, of CMGE games reached 19.1 million in 2021. The market share of CMGE for online gaming grossing income in 2021 was around 1%.
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Xiao Jian 2101 Beneficial owner
Sin Hendrick 2101 Beneficial owner
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