China Tangshang Holdings (HKSE:00674) Effective Interest Rate on Debt % : 6.47% (As of Sep. 2023)

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What is China Tangshang 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. China Tangshang Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was HK$41.4 Mil. China Tangshang Holdings's average total debt for the quarter that ended in Sep. 2023 was HK$638.9 Mil. Therefore, China Tangshang Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 6.47%.

China Tangshang Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for China Tangshang 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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China Tangshang Holdings Effective Interest Rate on Debt % Chart

China Tangshang Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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6.54

8.60

3.42

4.98

5.27

China Tangshang Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.82	5.67	6.40	5.82	6.47

Competitive Comparison of China Tangshang Holdings's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, China Tangshang 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.

China Tangshang Holdings's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Tangshang Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

China Tangshang Holdings Effective Interest Rate on Debt % Calculation

China Tangshang Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -34.011	/	( (639.111	+	652.356)	/ 2 )
=	-1 * -34.011	/	645.7335
=	5.27 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	482.547	+	156.564
=	639.111

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	590.141	+	62.215
=	652.356

China Tangshang Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -41.364	/	( (652.356	+	625.527)	/ 2 )
=	-1 * -41.364	/	638.9415
=	6.47 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	590.141	+	62.215
=	652.356

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	564.466	+	61.061
=	625.527

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

China Tangshang Holdings (HKSE:00674) Effective Interest Rate on Debt % Explanation

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

China Tangshang Holdings Effective Interest Rate on Debt % Related Terms

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China Tangshang Holdings (HKSE:00674) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Tangshang Holdings Ltd (HKSE:00674) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

29 Austin Road, Unit 1201, 12th Floor, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.ts674.com

China Tangshang Holdings Ltd is a Hong Kong-based investment holding company. It operates in the segments of Property sub-leasing and investment business; Property development business and Money lending business. A majority of revenue is derived from the Property development business which involves the development of real estate. The group's operations are mainly located in Hong Kong and the PRC.

Executives

Chen Weiwu	2101 Beneficial owner
Shenzhen Tangshang Industrial Group Co., Ltd	2201 Interest of corporation controlled by you
Jiang Dingwei	2201 Interest of corporation controlled by you
Shenzhen Yaoling Investment Company Limited	2101 Beneficial owner

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