GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Holly Futures Co Ltd (HKSE:03678) » Definitions » Effective Interest Rate on Debt %

Holly Futures Co (HKSE:03678) Effective Interest Rate on Debt % : 14.19% (As of Dec. 2023)


View and export this data going back to 2015. Start your Free Trial

What is Holly Futures 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. Holly Futures Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$30 Mil. Holly Futures Co's average total debt for the quarter that ended in Dec. 2023 was HK$210 Mil. Therefore, Holly Futures Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 14.19%.


Holly Futures Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Holly Futures 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.

* Premium members only.

Holly Futures Co Effective Interest Rate on Debt % Chart

Holly Futures Co 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 5.11 5.51 7.27 4.76 4.50

Holly Futures Co Quarterly Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24
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 20.55 - -5.17 14.19 0.51

Competitive Comparison of Holly Futures Co's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Holly Futures 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.


Holly Futures Co's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Holly Futures Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Holly Futures Co's Effective Interest Rate on Debt % falls into.



Holly Futures Co Effective Interest Rate on Debt % Calculation

Holly Futures 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  *  -8.396/( (164.096+209.203)/ 2 )
=-1  *  -8.396/186.6495
=4.50 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=124.791 + 39.305
=164.096

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=92.748 + 116.455
=209.203

Holly Futures 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: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -29.868/( (211.713+209.203)/ 2 )
=-1  *  -29.868/210.458
=14.19 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=101.57 + 110.143
=211.713

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=92.748 + 116.455
=209.203

* 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 four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Holly Futures Co  (HKSE:03678) Effective Interest Rate on Debt % Explanation

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


Holly Futures Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Holly Futures Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Holly Futures Co (HKSE:03678) Business Description

Traded in Other Exchanges
Address
Jiang Dong Zhong Road, Building 3, No. 399, Jianye District, Jiangsu Province, Nanjing, CHN, 210019
Holly Futures Co Ltd is engaged in futures brokerage and asset management businesses. The company operates through two segments. The Futures Brokerage and Asset Management segment is engaged in the trading of commodity futures and financial futures on behalf of clients and the development and sales of asset management products and services. This segment is also involved in the investment in asset management plans, bank wealth management products, listed and unlisted securities, trust schemes, funds, and derivative financial instruments. The Commodity Trading and Risk Management segment is engaged in the provision of purchase and resale of commodities, futures arbitrage, variation basis trading, and hedging. The company has operations in Mainland China and Hong Kong.

Holly Futures Co (HKSE:03678) Headlines

No Headlines