Huishang Bank (HKSE:03698) Effective Interest Rate on Debt % : 20.23% (As of Dec. 2023)

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What is Huishang Bank 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. Huishang Bank's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$40,702 Mil. Huishang Bank's average total debt for the quarter that ended in Dec. 2023 was HK$201,156 Mil. Therefore, Huishang Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 20.23%.

Huishang Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for Huishang Bank'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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Huishang Bank Effective Interest Rate on Debt % Chart

Huishang Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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16.60

14.36

16.77

15.34

17.86

Huishang Bank 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															16.86	17.19	16.07	17.29	20.23

Competitive Comparison of Huishang Bank's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Huishang Bank'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.

Huishang Bank's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Huishang Bank's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Huishang Bank's Effective Interest Rate on Debt % falls into.

Huishang Bank Effective Interest Rate on Debt % Calculation

Huishang Bank'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 * -39673.816	/	( (244516.022	+	199779.663)	/ 2 )
=	-1 * -39673.816	/	222147.8425
=	17.86 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	244516.022	+	0
=	244516.022

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	199779.663	+	0
=	199779.663

Huishang Bank'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 * -40702.212	/	( (202531.982	+	199779.663)	/ 2 )
=	-1 * -40702.212	/	201155.8225
=	20.23 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	202531.982	+	0
=	202531.982

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	199779.663	+	0
=	199779.663

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.

Huishang Bank (HKSE:03698) Effective Interest Rate on Debt % Explanation

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

Huishang Bank Effective Interest Rate on Debt % Related Terms

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Huishang Bank (HKSE:03698) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Huishang Bank Corp Ltd (HKSE:03698) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 1699 Yungu Road, Huishang Bank Building, Anhui Province, Hefei, CHN, 230092

Website

http://www.hsbank.com.cn

Huishang Bank Corp Ltd is a regional commercial bank in China. The company operates through four main business segments: corporate banking, retail banking, treasury, and others. The corporate banking segment provides financial services to corporate customers, government authorities, and financial institutions, such as current accounts, deposits, overdrafts, loans, and wealth management products. The retail banking segment provides services to retail customers, such as savings deposits, personal loans, and advances. The treasury segment provides securities investment and money market and repurchase transactions. The other segment includes investment holding and other miscellaneous activities. The company operates in China and earns the majority of its revenue in the Anhui Province.

Executives

Chuang Jian Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Xian Dai Chuang Xin Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Jing Xin Hua Zi Chan Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Jing Shi Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Song Qing Ling Ji Jin Hui	2201 Interest of corporation controlled by you
Shang Hai Zhong Jing An Yin Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Tian An Yin Qi Ye Guan Li Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Jing Xin Hua Zi Chan Guan Li Xiang Gang You Xian Gong Si	2201 Interest of corporation controlled by you
Wealth Honest Limited	2101 Beneficial owner
Guotai Junan International Holdings Limited	2201 Interest of corporation controlled by you
Guotai Junan Securities Co., Ltd	2201 Interest of corporation controlled by you
Haitong International Holdings Limited	2201 Interest of corporation controlled by you
Haitong International Securities (singapore) Pte. Ltd.	2106 Person having a security interest in shares
Haitong International Securities Group Limited	2201 Interest of corporation controlled by you
Haitong Securities Co., Ltd.	2201 Interest of corporation controlled by you

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