Zhongtai Futures Co (HKSE:01461) Effective Interest Rate on Debt % : 322.02% (As of Dec. 2023)

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What is Zhongtai Futures 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. Zhongtai Futures Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$279 Mil. Zhongtai Futures Co's average total debt for the quarter that ended in Dec. 2023 was HK$87 Mil. Therefore, Zhongtai Futures Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 322.02%.

Zhongtai Futures Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhongtai Futures 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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Zhongtai Futures Co Effective Interest Rate on Debt % Chart

Zhongtai Futures Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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297.29

286.96

488.57

763.04

584.39

Zhongtai Futures Co 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															540.23	240.09	280.57	343.69	322.02

Competitive Comparison of Zhongtai Futures Co's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Zhongtai Futures 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.

Zhongtai Futures Co's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

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

* The bar in red indicates where Zhongtai Futures Co's Effective Interest Rate on Debt % falls into.

Zhongtai Futures Co Effective Interest Rate on Debt % Calculation

Zhongtai Futures 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 * -275.284	/	( (39.397	+	54.815)	/ 2 )
=	-1 * -275.284	/	47.106
=	584.39 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	39.397	+	0
=	39.397

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54.815	+	0
=	54.815

Zhongtai Futures 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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -279.138	/	( (118.552	+	54.815)	/ 2 )
=	-1 * -279.138	/	86.6835
=	322.02 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	118.552	+	0
=	118.552

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54.815	+	0
=	54.815

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.

Zhongtai Futures Co (HKSE:01461) Effective Interest Rate on Debt % Explanation

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

Zhongtai Futures Co Effective Interest Rate on Debt % Related Terms

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Zhongtai Futures Co (HKSE:01461) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Zhongtai Futures Co Ltd (HKSE:01461) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 86 Jingqi Road, 15th-16th Floor, Securities Tower, Shizhong District, Shandong Province, Jinan, CHN, 250001

Website

http://www.lzqh.net.cn

Zhongtai Futures Co Ltd is engaged in four segments; Brokerage business, Risk management business, Asset management business, and Other businesses. The business scopes of the Group cover commodity futures brokerage, financial futures brokerage, futures transaction consulting, asset management, bulk commodity futures and spot trading services, cooperative hedging, market-maker business, OTC derivatives business, information technology consulting services, and other business activities. The Group mainly operates in Shandong Province, the PRC.

Executives

Xu Guiqin	2101 Beneficial owner
China Minsheng Investment Group Corp., Ltd.	2101 Beneficial owner
Cm International Capital Limited	2101 Beneficial owner

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