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China ZhengTong Auto Services Holdings (HKSE:01728) Effective Interest Rate on Debt % : 4.85% (As of Dec. 2023)


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What is China ZhengTong Auto Services 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 ZhengTong Auto Services Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$1,126 Mil. China ZhengTong Auto Services Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$23,237 Mil. Therefore, China ZhengTong Auto Services Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.85%.


China ZhengTong Auto Services Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for China ZhengTong Auto Services 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.

* Premium members only.

China ZhengTong Auto Services Holdings Effective Interest Rate on Debt % Chart

China ZhengTong Auto Services Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.59 6.03 7.81 4.89 4.94

China ZhengTong Auto Services 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.09 4.73 4.94 4.87 4.85

Competitive Comparison of China ZhengTong Auto Services Holdings's Effective Interest Rate on Debt %

For the Auto & Truck Dealerships subindustry, China ZhengTong Auto Services 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 ZhengTong Auto Services Holdings's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China ZhengTong Auto Services Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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



China ZhengTong Auto Services Holdings Effective Interest Rate on Debt % Calculation

China ZhengTong Auto Services 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  *  -1121.307/( (22354.901+23014.214)/ 2 )
=-1  *  -1121.307/22684.5575
=4.94 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8287.062 + 14067.839
=22354.901

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4865.621 + 18148.593
=23014.214

China ZhengTong Auto Services 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  *  -1126.358/( (23459.021+23014.214)/ 2 )
=-1  *  -1126.358/23236.6175
=4.85 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6337.772 + 17121.249
=23459.021

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4865.621 + 18148.593
=23014.214

* 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.


China ZhengTong Auto Services Holdings  (HKSE:01728) Effective Interest Rate on Debt % Explanation

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


China ZhengTong Auto Services Holdings Effective Interest Rate on Debt % Related Terms

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China ZhengTong Auto Services Holdings (HKSE:01728) Business Description

Traded in Other Exchanges
Address
No. 59, West Third-Ring South Road, Baoze Plaza, Beijing, CHN
China ZhengTong Auto Services Holdings Ltd is a China-based investment holding company principally engaged in the sales of passenger motor vehicles, including luxury and ultra-luxury branded automobiles. The Company operates its business through four segments. The 4S Dealership Business segment is engaged in the sales of motor vehicles and motor spare parts and the provision of maintenance services. The Logistics Business segment is engaged in the provision of motor-related logistics services. The Lubricant Oil Business segment is engaged in the trading of lubricant oil. The Financial Services Business segment is engaged in the provision of financial services to auto customers and dealers.
Executives
Cheung Mui 2101 Beneficial owner
Xia Men Guo Mao Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Xingtai Capital Management Limited 2102 Investment manager
Wang Muqing
Joy Capital Holdings Limited 2101 Beneficial owner
Bright Brilliant Holdings Limited 2201 Interest of corporation controlled by you
Credit Suisse Trust Limited 2301 Trustee
Wang Boheng 2307 Founder of a discretionary trust who can infl
Wang Weize 2307 Founder of a discretionary trust who can infl

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