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Homeland Interactive Technology (HKSE:03798) Effective Interest Rate on Debt % : 2.80% (As of Dec. 2023)


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What is Homeland Interactive Technology 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. Homeland Interactive Technology's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$1 Mil. Homeland Interactive Technology's average total debt for the quarter that ended in Dec. 2023 was HK$18 Mil. Therefore, Homeland Interactive Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.80%.

Homeland Interactive Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Homeland Interactive Technology'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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Homeland Interactive Technology Effective Interest Rate on Debt % Chart

Homeland Interactive Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 5.26 6.58 4.15 5.55 5.22

Homeland Interactive Technology Semi-Annual Data
Dec16 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 5.68 5.73 6.16 10.37 2.80

Competitive Comparison of Homeland Interactive Technology's Effective Interest Rate on Debt %

For the Electronic Gaming & Multimedia subindustry, Homeland Interactive Technology'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.

Homeland Interactive Technology's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Homeland Interactive Technology's Effective Interest Rate on Debt % distribution charts can be found below:

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


Homeland Interactive Technology Effective Interest Rate on Debt % Calculation

Homeland Interactive Technology'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  *  -1.111/( (19.883+22.7)/ 2 )
=-1  *  -1.111/21.2915
=5.22 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.503 + 11.38
=19.883

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.565 + 9.135
=22.7

Homeland Interactive Technology'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  *  -0.504/( (13.297+22.7)/ 2 )
=-1  *  -0.504/17.9985
=2.80 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.174 + 10.123
=13.297

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.565 + 9.135
=22.7

* 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.

Homeland Interactive Technology  (HKSE:03798) Effective Interest Rate on Debt % Explanation

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

Homeland Interactive Technology Effective Interest Rate on Debt % Related Terms

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Homeland Interactive Technology (HKSE:03798) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Homeland Interactive Technology Ltd (HKSE:03798) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:06820 HKSE:06633 HKSE:00799 HKSE:02660 HKSE:00302 HKSE:01119 HKSE:09990 HKSE:01961 HKSE:02100 HKSE:01909 ATVI ATVI NTES TSE:7974 EA TTWO RBLX TSE:3659 TSE:9766 TSE:9697
Traded in Other Exchanges
N/A
Address
77 Tainan Road, 7A, 22nd Floor, Huijin Building, Siming District, Xiamen, CHN
Website
https://www.jiaxianghudong.com
Homeland Interactive Technology Ltd is a developer and operator of g localized card and board game developer and operator in the PRC with a special focus on localized Mahjong and poker games. It derives revenue from game development and operation income from sales of virtual tokens and private game room cards. Its operating activities are attributable to a single operating segment focusing on the development and operation of mobile games in the Peoples' Republic of China.
Executives
Zhang Na 2101 Beneficial owner
Su Bo 2202 Interest of your spouse
Futu Trustee Limited 2301 Trustee
Ding Chunlong 2101 Beneficial owner
Jiang Mingkuan
One One Eleven Limited 2201 Interest of corporation controlled by you
Futu Trustee (singapore) Pte Ltd 2301 Trustee
Men Geng 2307 Founder of a discretionary trust who can infl
Men Geng Network Limited 2101 Beneficial owner
Su Bo Network Limited 2101 Beneficial owner
Su Bo 2201 Interest of corporation controlled by you
Jiang Ming Kuan Network Limited 2101 Beneficial owner
Wu Chengze 2201 Interest of corporation controlled by you
Wu Chengze Network Limited 2101 Beneficial owner
Li Bo 2201 Interest of corporation controlled by you

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