Hongcheng Environmental Technology Co (HKSE:02265) Effective Interest Rate on Debt % : 8.79% (As of Dec. 2023)

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What is Hongcheng Environmental Technology 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. Hongcheng Environmental Technology Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$9.7 Mil. Hongcheng Environmental Technology Co's average total debt for the quarter that ended in Dec. 2023 was HK$110.3 Mil. Therefore, Hongcheng Environmental Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.79%.

Hongcheng Environmental Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hongcheng Environmental Technology 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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Hongcheng Environmental Technology Co Effective Interest Rate on Debt % Chart

Hongcheng Environmental Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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16.04

16.12

14.48

13.17

8.91

Hongcheng Environmental Technology Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				14.84	14.24	12.45	9.43	8.79

Competitive Comparison of Hongcheng Environmental Technology Co's Effective Interest Rate on Debt %

For the Waste Management subindustry, Hongcheng Environmental Technology 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.

Hongcheng Environmental Technology Co's Effective Interest Rate on Debt % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Hongcheng Environmental Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hongcheng Environmental Technology Co's Effective Interest Rate on Debt % falls into.

Hongcheng Environmental Technology Co Effective Interest Rate on Debt % Calculation

Hongcheng Environmental Technology 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 * -8.516	/	( (62.925	+	128.168)	/ 2 )
=	-1 * -8.516	/	95.5465
=	8.91 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	62.925
=	62.925

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54.5	+	73.668
=	128.168

Hongcheng Environmental Technology 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 * -9.7	/	( (92.519	+	128.168)	/ 2 )
=	-1 * -9.7	/	110.3435
=	8.79 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.787	+	77.732
=	92.519

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54.5	+	73.668
=	128.168

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.

Hongcheng Environmental Technology Co (HKSE:02265) Effective Interest Rate on Debt % Explanation

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

Hongcheng Environmental Technology Co Effective Interest Rate on Debt % Related Terms

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Hongcheng Environmental Technology Co (HKSE:02265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Hongcheng Environmental Technology Co Ltd (HKSE:02265) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yeyan Road North, Dadongzhuang Village North, Shahe Town, Shandong Province, Yantai, Laizhou, CHN

Website

http://www.sdhcgroup.cn

Hongcheng Environmental Technology Co Ltd is an investment holding company. The company and its subsidiaries are engaged in the provision of gold mine hazardous waste treatment services and recycling and extracting therefrom resources with economic value for sale, such as pyrite concentrate.

Executives

Zeming International Investment Co., Ltd.	2101 Beneficial owner
Liu Ze Ming	2201 Interest of corporation controlled by you
Li Li Yan	2202 Interest of your spouse

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