Midea Real Estate Holding (HKSE:03990) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Midea Real Estate Holding 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. Midea Real Estate Holding's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$0 Mil. Midea Real Estate Holding's average total debt for the quarter that ended in Dec. 2023 was HK$44,876 Mil. Therefore, Midea Real Estate Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Midea Real Estate Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for Midea Real Estate Holding'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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Midea Real Estate Holding Effective Interest Rate on Debt % Chart

Midea Real Estate Holding Annual Data

Trend

Dec15

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Dec17

Dec18

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Dec20

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Dec22

Dec23

Effective Interest Rate on Debt %

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Midea Real Estate Holding Semi-Annual Data
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Competitive Comparison of Midea Real Estate Holding's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Midea Real Estate Holding'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.

Midea Real Estate Holding's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Midea Real Estate Holding's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Midea Real Estate Holding's Effective Interest Rate on Debt % falls into.

Midea Real Estate Holding Effective Interest Rate on Debt % Calculation

Midea Real Estate Holding'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 * 0	/	( (54283.158	+	41746.359)	/ 2 )
=	-1 * 0	/	48014.7585
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38932.66	+	15350.498
=	54283.158

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28305.637	+	13440.722
=	41746.359

Midea Real Estate Holding'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	/	( (48005.717	+	41746.359)	/ 2 )
=	-1 * 0	/	44876.038
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34401.582	+	13604.135
=	48005.717

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28305.637	+	13440.722
=	41746.359

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.

Midea Real Estate Holding (HKSE:03990) Effective Interest Rate on Debt % Explanation

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

Midea Real Estate Holding Effective Interest Rate on Debt % Related Terms

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Midea Real Estate Holding (HKSE:03990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Midea Real Estate Holding Ltd (HKSE:03990) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

MR9:Germany

Address

No.1 Chengde Road, 34th Floor, Tower 4, Midea Real Estate Plaza, Shunde District, Guangdong Province, Foshan, CHN, 528311

Website

https://www.mideadc.com

Midea Real Estate Holding Ltd is a real estate development company that offers real estate services. It operates through three principal business segments: Property development and sales; Property management services; and Investment and operation of commercial properties. Property development and sales generates most of the revenue.

Executives

He Jianfeng	2202 Interest of your spouse
He Xiangjian	2103 Interests held jointly with another person
Midea Development Holding (bvi) Limited	2101 Beneficial owner
Lu Deyan	2201 Interest of corporation controlled by you
Ya Ge Er Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner

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