Ying Hai Group Holdings Co (HKSE:08668) Effective Interest Rate on Debt % : 6.08% (As of Dec. 2023)

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What is Ying Hai Group Holdings 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. Ying Hai Group Holdings Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$0.20 Mil. Ying Hai Group Holdings Co's average total debt for the quarter that ended in Dec. 2023 was HK$3.36 Mil. Therefore, Ying Hai Group Holdings Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.08%.

Ying Hai Group Holdings Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Ying Hai Group Holdings 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.

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Ying Hai Group Holdings Co Effective Interest Rate on Debt % Chart

Ying Hai Group Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.11

2.41

4.17

4.07

4.60

Ying Hai Group Holdings Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.36	4.13	4.83	4.06	6.08

Competitive Comparison of Ying Hai Group Holdings Co's Effective Interest Rate on Debt %

For the Travel Services subindustry, Ying Hai Group Holdings 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.

Ying Hai Group Holdings Co's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Ying Hai Group Holdings Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Ying Hai Group Holdings Co's Effective Interest Rate on Debt % falls into.

Ying Hai Group Holdings Co Effective Interest Rate on Debt % Calculation

Ying Hai Group Holdings 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 * -0.24	/	( (7.069	+	3.357)	/ 2 )
=	-1 * -0.24	/	5.213
=	4.60 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.442	+	3.627
=	7.069

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.254	+	1.103
=	3.357

Ying Hai Group Holdings 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 * -0.204	/	( (0	+	3.357)	/ 1 )
=	-1 * -0.204	/	3.357
=	6.08 %

where

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

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.254	+	1.103
=	3.357

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.

Ying Hai Group Holdings Co (HKSE:08668) Effective Interest Rate on Debt % Explanation

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

Ying Hai Group Holdings Co Effective Interest Rate on Debt % Related Terms

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Ying Hai Group Holdings Co (HKSE:08668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ying Hai Group Holdings Co Ltd (HKSE:08668) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

67 Mody Road, Room 506, 5th Floor, Peninsula Centre, Tsim Sha Tsui, Hong Kong, HKG

Website

http://www.yinghaiholding.com

Ying Hai Group Holdings Co Ltd is engaged in the sales and distribution of air tickets and hotel rooms, the sales and provision of ancillary travel-related products and services, the provision of car rental services in Macau, cross-border car rental services between Macau and Hong Kong and investment in concert. The firm's operating segments include the Travel business, Vehicle business, and Concert business. It generates a majority of its revenue from the Travel business segment. Geographically, the company generates a majority of its revenue from Macau.

Executives

Choi Wai Chan	2201 Interest of corporation controlled by you
Silver Esteem Limited	2101 Beneficial owner
Wong Pui Keng	2202 Interest of your spouse

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