China Art Financial Holdings (HKSE:01572) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is China Art Financial 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 Art Financial Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$0.00 Mil. China Art Financial Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$8.50 Mil. Therefore, China Art Financial Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

China Art Financial Holdings Effective Interest Rate on Debt % Historical Data

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

China Art Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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11.44

7.04

4.37

1.68

0.45

China Art Financial Holdings Semi-Annual Data
	Dec13	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															4.08	2.44	1.04	-	-

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

For the Credit Services subindustry, China Art Financial 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 Art Financial Holdings's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

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

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

China Art Financial Holdings Effective Interest Rate on Debt % Calculation

China Art Financial 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 * -0.039	/	( (8.446	+	9.023)	/ 2 )
=	-1 * -0.039	/	8.7345
=	0.45 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.249	+	8.197
=	8.446

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.509	+	8.514
=	9.023

China Art Financial 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 * 0	/	( (7.969	+	9.023)	/ 2 )
=	-1 * 0	/	8.496
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	7.969
=	7.969

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.509	+	8.514
=	9.023

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.

China Art Financial Holdings (HKSE:01572) Effective Interest Rate on Debt % Explanation

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

China Art Financial Holdings Effective Interest Rate on Debt % Related Terms

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China Art Financial Holdings (HKSE:01572) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » China Art Financial Holdings Ltd (HKSE:01572) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

CHFHF:USA

Address

63 Jingyi South Road, Yicheng Street, Jiangsu Province, Yixing City, CHN

Website

http://www.cnartfin.com.hk

China Art Financial Holdings Ltd is an art finance service provider in China. It is engaged in operating art financing channels. The operating business segments of the company are Art and asset pawn business; Art and asset auction business, and Art and asset sales business. The company auctions products like Zisha artwork, Calligraphies and paintings, Jewel artwork, and others. Geographically, the company has a business presence in China and Hong Kong, of which a majority of the revenue is derived from China. The group's revenue is principally derived from PRC.

Executives

Zhongtai International Asset Management (singapore) Pte. Ltd.	2102 Investment manager
Lai Wing Lun	2104 Agent
Arab Osman Mohammed	2104 Agent
Win Win Stable No.5 Fund Sp	2106 Person having a security interest in shares
Xu Min	2103 Interests held jointly with another person
Zhou Jianyuan	2202 Interest of your spouse
Zhang Xiaoxing	2202 Interest of your spouse
Yubo Investment Co. Ltd	2201 Interest of corporation controlled by you
Xu Zhongliang	2202 Interest of your spouse
Fan Qinzhi	2103 Interests held jointly with another person
Wu Jian	2103 Interests held jointly with another person
Wang Jiansong	2201 Interest of corporation controlled by you
Mauve Jade Investment Limited	2201 Interest of corporation controlled by you
Intelligenesis Investment Co., Ltd	2101 Beneficial owner
Golden Sand Investment Company Limited	2201 Interest of corporation controlled by you

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