Chi Kan Holdings (HKSE:09913) Effective Interest Rate on Debt % : 6.55% (As of Sep. 2023)

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What is Chi Kan Holdings 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. Chi Kan Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was HK$2 Mil. Chi Kan Holdings's average total debt for the quarter that ended in Sep. 2023 was HK$31 Mil. Therefore, Chi Kan Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 6.55%.

Chi Kan Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Chi Kan Holdings'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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Chi Kan Holdings Effective Interest Rate on Debt % Chart

Chi Kan Holdings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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1.09

2.96

0.22

3.99

6.01

Chi Kan Holdings Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						2.30	5.83	3.01	5.73	6.55

Competitive Comparison of Chi Kan Holdings's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Chi Kan Holdings'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.

Chi Kan Holdings's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chi Kan Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Chi Kan Holdings's Effective Interest Rate on Debt % falls into.

Chi Kan Holdings Effective Interest Rate on Debt % Calculation

Chi Kan Holdings'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 * -1.39	/	( (16.784	+	29.474)	/ 2 )
=	-1 * -1.39	/	23.129
=	6.01 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.218	+	15.566
=	16.784

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.339	+	28.135
=	29.474

Chi Kan Holdings'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: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -2.002	/	( (29.474	+	31.628)	/ 2 )
=	-1 * -2.002	/	30.551
=	6.55 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.339	+	28.135
=	29.474

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.234	+	31.394
=	31.628

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

Chi Kan Holdings (HKSE:09913) Effective Interest Rate on Debt % Explanation

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

Chi Kan Holdings Effective Interest Rate on Debt % Related Terms

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Chi Kan Holdings (HKSE:09913) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chi Kan Holdings Ltd (HKSE:09913) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 650 Cheung Sha Wan Road, Rooms 1008 and 1009, 10th Floor, China Shipbuilding Tower, Kowloon, Hong Kong, HKG

Website

http://www.chikanck.com

Chi Kan Holdings Ltd is a formwork contractor, mainly engaged in the provision of formwork services. The Company is principally engaged in the business of providing formwork services and other construction services in Hong Kong. The company's services include conventional formwork which is built on-site by mainly using timber and plywood; and prefabricated formwork which is built out of prefabricated modules by mainly using aluminium and steel. It also provides other construction services, including plastering, installing curtain walls and other miscellaneous works on an ancillary basis. It derives all its revenue from Hong Kong.

Executives

Ct Vision Strategic Company Limited	2101 Beneficial owner
Ho Chun Kit Gregory	2201 Interest of corporation controlled by you
Magnificent Faith Limited	2101 Beneficial owner
Li Qiang	2201 Interest of corporation controlled by you
Zhongchuang Boli (hong Kong) Co., Ltd.	2101 Beneficial owner
Chan May Kiu	2202 Interest of your spouse
Lo Hon Kwong	2201 Interest of corporation controlled by you
Zhong Chuang Bo Li Ke Ji Kong Gu You Xian Gong Si	2101 Beneficial owner

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