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Tsit Wing International Holdings (HKSE:02119) Effective Interest Rate on Debt % : 5.08% (As of Dec. 2023)


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What is Tsit Wing International 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. Tsit Wing International Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$1.1 Mil. Tsit Wing International Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$22.4 Mil. Therefore, Tsit Wing International Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.08%.


Tsit Wing International Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Tsit Wing International 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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Tsit Wing International Holdings Effective Interest Rate on Debt % Chart

Tsit Wing International Holdings Annual Data
Trend Dec10 Dec11 Dec12 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.34 3.63 3.17 3.20 4.02

Tsit Wing International Holdings Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 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 3.50 2.63 3.34 4.06 5.08

Competitive Comparison of Tsit Wing International Holdings's Effective Interest Rate on Debt %

For the Beverages - Non-Alcoholic subindustry, Tsit Wing International 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.


Tsit Wing International Holdings's Effective Interest Rate on Debt % Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Tsit Wing International Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Tsit Wing International Holdings's Effective Interest Rate on Debt % falls into.



Tsit Wing International Holdings Effective Interest Rate on Debt % Calculation

Tsit Wing International 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  *  -1.04/( (26.646+25.087)/ 2 )
=-1  *  -1.04/25.8665
=4.02 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.705 + 21.941
=26.646

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.524 + 14.563
=25.087

Tsit Wing International 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  *  -1.138/( (19.745+25.087)/ 2 )
=-1  *  -1.138/22.416
=5.08 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3 + 16.745
=19.745

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.524 + 14.563
=25.087

* 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.


Tsit Wing International Holdings  (HKSE:02119) Effective Interest Rate on Debt % Explanation

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


Tsit Wing International Holdings Effective Interest Rate on Debt % Related Terms

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Tsit Wing International Holdings (HKSE:02119) Business Description

Traded in Other Exchanges
N/A
Address
15–33 Kwai Tak Street, Flats F-J, 11th Floor, Block 1, Kwai Tak Industrial Centre, Kwai Chung, New Territories, Hong Kong, HKG
Tsit Wing International Holdings Ltd is an investment holding company engaged in the processing and sale of coffee, tea, and complementary products, sale of frozen processed food, sale and rental of coffee and tea machines, and food and beverage store operation. It has two operating segments: Beverage Solutions and Food Products. It derives majority revenue from the Beverage segment that processes and distributes coffee, tea and related complementary products, sells food and beverages, coffee machines and other related products, operates food and beverage stores and leases coffee and tea machines. The Group offers frozen food to renowned brands under its frozen food brand Papa Chef. The company operates in Hong Kong, Mainland China, and other countries with majority revenue from Hongkong.
Executives
Hero Asia Company Limited 2101 Beneficial owner
Li Ying Wah Irene 2202 Interest of your spouse
Wong Tat Tong
Hero Valour Limited 2401 A concert party to an agreement to buy shares
Dah Chong Hong Food International Holdings Limited 2101 Beneficial owner
Citic Group Corporation 2201 Interest of corporation controlled by you
Citic Limited 2201 Interest of corporation controlled by you

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