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Dongguan Rural Commercial Bank Co (HKSE:09889) Effective Interest Rate on Debt % : 16.49% (As of Dec. 2023)


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What is Dongguan Rural Commercial Bank 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. Dongguan Rural Commercial Bank Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$13,931 Mil. Dongguan Rural Commercial Bank Co's average total debt for the quarter that ended in Dec. 2023 was HK$84,456 Mil. Therefore, Dongguan Rural Commercial Bank Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 16.49%.


Dongguan Rural Commercial Bank Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Dongguan Rural Commercial Bank 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.

* Premium members only.

Dongguan Rural Commercial Bank Co Effective Interest Rate on Debt % Chart

Dongguan Rural Commercial Bank Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 14.74 18.11 19.46 16.99 18.10

Dongguan Rural Commercial Bank Co Semi-Annual Data
Dec18 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 19.07 18.59 18.89 16.61 16.49

Competitive Comparison of Dongguan Rural Commercial Bank Co's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Dongguan Rural Commercial Bank 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.


Dongguan Rural Commercial Bank Co's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Dongguan Rural Commercial Bank Co's Effective Interest Rate on Debt % falls into.



Dongguan Rural Commercial Bank Co Effective Interest Rate on Debt % Calculation

Dongguan Rural Commercial Bank 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  *  -13683.441/( (72038.801+79131.162)/ 2 )
=-1  *  -13683.441/75584.9815
=18.10 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=72038.801 + 0
=72038.801

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=79131.162 + 0
=79131.162

Dongguan Rural Commercial Bank 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: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -13930.966/( (89780.711+79131.162)/ 2 )
=-1  *  -13930.966/84455.9365
=16.49 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=89780.711 + 0
=89780.711

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=79131.162 + 0
=79131.162

* 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.


Dongguan Rural Commercial Bank Co  (HKSE:09889) Effective Interest Rate on Debt % Explanation

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


Dongguan Rural Commercial Bank Co Effective Interest Rate on Debt % Related Terms

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Dongguan Rural Commercial Bank Co (HKSE:09889) Business Description

Traded in Other Exchanges
N/A
Address
No.2, Hongfu East Road, Dongcheng District, Guangdong Province, Dongguan, CHN, 523123
Dongguan Rural Commercial Bank Co Ltd is engaged in providing financial services in China. It operates in four segments: Corporate banking, which covers financial products and services to corporate customers, governments, and financial institutions; Personal banking business segment covers financial products and services to individual customers; Treasury segment covers the Group's money market transactions, repurchase transactions, debt instrument investments, wealth management products, and precious metals; and Others.
Executives
Scoperto Limited 2101 Beneficial owner
Lee Kar Lung 2201 Interest of corporation controlled by you
Lion Fund Management Co.,ltd. 2102 Investment manager
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
Nong Yin Guo Ji Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you
Nong Yin Guo Ji Tou Zi Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Nong Ye Yin Xing Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Jun Xi You Xian Gong Si 2106 Person having a security interest in shares
Yam Tak Cheung 2201 Interest of corporation controlled by you
Fook Man Development Company Limited 2101 Beneficial owner
Dong Guan Shi Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui 2201 Interest of corporation controlled by you
Guo Tai Ji Jin Guan Li You Xian Gong Si
Cai Tong Ji Jin Guan Li You Xian Gong Si 2501 Other
Cai Tong Zheng Quan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Dong Guan Shi Jiao Tong Tou Zi Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you

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