Huabang Technology Holdings (HKSE:03638) Effective Interest Rate on Debt % : 7.11% (As of Sep. 2023)

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What is Huabang Technology 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. Huabang Technology Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was HK$12.7 Mil. Huabang Technology Holdings's average total debt for the quarter that ended in Sep. 2023 was HK$178.0 Mil. Therefore, Huabang Technology Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 7.11%.

Huabang Technology Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Huabang Technology 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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Huabang Technology Holdings Effective Interest Rate on Debt % Chart

Huabang Technology Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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3.76

3.82

2.30

2.36

4.79

Huabang Technology Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.97	2.17	3.67	6.36	7.11

Competitive Comparison of Huabang Technology Holdings's Effective Interest Rate on Debt %

For the Computer Hardware subindustry, Huabang Technology 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.

Huabang Technology Holdings's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Huabang Technology Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Huabang Technology Holdings's Effective Interest Rate on Debt % falls into.

Huabang Technology Holdings Effective Interest Rate on Debt % Calculation

Huabang Technology Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -8.663	/	( (177.373	+	184.572)	/ 2 )
=	-1 * -8.663	/	180.9725
=	4.79 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	177.373
=	177.373

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.943	+	176.629
=	184.572

Huabang Technology Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -12.652	/	( (184.572	+	171.35)	/ 2 )
=	-1 * -12.652	/	177.961
=	7.11 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.943	+	176.629
=	184.572

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.277	+	165.073
=	171.35

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Huabang Technology Holdings (HKSE:03638) Effective Interest Rate on Debt % Explanation

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

Huabang Technology Holdings Effective Interest Rate on Debt % Related Terms

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Huabang Technology Holdings (HKSE:03638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Huabang Technology Holdings Ltd (HKSE:03638) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Wang Chiu Road, 33rd Floor, Enterprise Square Three, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.huabangfinancial.com

Huabang Technology Holdings Ltd is an investment holding company. The operating segments of the company include the Trading segment (Computer and peripheral products business and electronics products), the Food trading business, and the Financial Services business (including securities brokerage business, advisory services business, and money lending business). The company generates maximum revenue from the Computer and peripheral products business segment.

Executives

Cheung Lit Wan Kenneth	2201 Interest of corporation controlled by you
Talent Virtue International Limited	2101 Beneficial owner
Forever Star Capital Limited	2101 Beneficial owner
Shen Wei	2201 Interest of corporation controlled by you
Luo Jian	2101 Beneficial owner
Lin Rui Ping	2101 Beneficial owner
Lu George	2202 Interest of your spouse
Xin Bang Jin Rong Ji Tuan You Xian Gong Si	2101 Beneficial owner
China Goldjoy Securities Limited

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