China Unicom (Hong Kong) (China Unicom (Hong Kong)) Effective Interest Rate on Debt % : 4.66% (As of Dec. 2023)

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What is China Unicom (Hong Kong) 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. China Unicom (Hong Kong)'s annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $297 Mil. China Unicom (Hong Kong)'s average total debt for the quarter that ended in Dec. 2023 was $6,379 Mil. Therefore, China Unicom (Hong Kong)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.66%.

China Unicom (Hong Kong) Effective Interest Rate on Debt % Historical Data

The historical data trend for China Unicom (Hong Kong)'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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China Unicom (Hong Kong) Effective Interest Rate on Debt % Chart

China Unicom (Hong Kong) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.40

3.46

3.40

2.24

3.84

China Unicom (Hong Kong) Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.04	-	2.94	4.66	3.75

Competitive Comparison of China Unicom (Hong Kong)'s Effective Interest Rate on Debt %

For the Telecom Services subindustry, China Unicom (Hong Kong)'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.

China Unicom (Hong Kong)'s Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Unicom (Hong Kong)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Unicom (Hong Kong)'s Effective Interest Rate on Debt % falls into.

China Unicom (Hong Kong) Effective Interest Rate on Debt % Calculation

China Unicom (Hong Kong)'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 * -277.443	/	( (8057.719	+	6378.532)	/ 2 )
=	-1 * -277.443	/	7218.1255
=	3.84 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5444.44	+	2613.279
=	8057.719

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4463.32	+	1915.212
=	6378.532

China Unicom (Hong Kong)'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 * -297.472	/	( (0	+	6378.532)	/ 1 )
=	-1 * -297.472	/	6378.532
=	4.66 %

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
=	4463.32	+	1915.212
=	6378.532

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.

China Unicom (Hong Kong) (NYSE:CHU) Effective Interest Rate on Debt % Explanation

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

China Unicom (Hong Kong) Effective Interest Rate on Debt % Related Terms

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China Unicom (Hong Kong) (China Unicom (Hong Kong)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Unicom (Hong Kong) Ltd (NYSE:CHU) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

00762:Hong Kong XCI:Germany

Address

99 Queen's Road, 75th Floor, The Center, Central, Hong Kong, HKG

Website

https://www.chinaunicom.com.hk

China Unicom is the incumbent fixed-line operator in 10 northern Chinese provinces, as well as the third-largest wireless operator nationwide. As at June 2023, it had 328 million billing wireless customers and around 108 million broadband subscribers. China Unicom also has a growing ICT business. We estimate it has the third largest internet data center business in China and its Cloud Service revenue is also showing very strong growth. It has its own 4G network and shares the radio access function with China Telecom for its 5G network.