MediNet Group (HKSE:08161) Effective Interest Rate on Debt % : 3.96% (As of Sep. 2023)

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What is MediNet Group 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. MediNet Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was HK$0.7 Mil. MediNet Group's average total debt for the quarter that ended in Sep. 2023 was HK$17.0 Mil. Therefore, MediNet Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 3.96%.

MediNet Group Effective Interest Rate on Debt % Historical Data

The historical data trend for MediNet Group'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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MediNet Group Effective Interest Rate on Debt % Chart

MediNet Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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6.09

6.35

4.80

4.94

MediNet Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.80	4.21	4.68	3.91	3.96

Competitive Comparison of MediNet Group's Effective Interest Rate on Debt %

For the Medical Care Facilities subindustry, MediNet Group'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.

MediNet Group's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, MediNet Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

MediNet Group Effective Interest Rate on Debt % Calculation

MediNet Group'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 * -0.56	/	( (12.847	+	9.823)	/ 2 )
=	-1 * -0.56	/	11.335
=	4.94 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.257	+	7.59
=	12.847

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.333	+	6.49
=	9.823

MediNet Group'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: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.672	/	( (0	+	16.962)	/ 1 )
=	-1 * -0.672	/	16.962
=	3.96 %

where

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

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.69	+	14.272
=	16.962

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

MediNet Group (HKSE:08161) Effective Interest Rate on Debt % Explanation

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

MediNet Group Effective Interest Rate on Debt % Related Terms

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MediNet Group (HKSE:08161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MediNet Group Ltd (HKSE:08161) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Whitfield Road, Causeway Bay, Unit 3601, 36th Floor, Citicorp Centre, Hong Kong, HKG

Website

http://www.medinetgroup.com

MediNet Group Ltd is a provider of corporate healthcare solutions in Hong Kong. The company's operating segment includes Dental business and Medical business. The Dental segment offer dental solutions and dental services by dental clinics owned and operated by the group. Its Medical segment provide outpatient general services and men's health treatments services. It offers services to both plan members and self-paid patient. The company generates revenue by providing Dental business.

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