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Miramar Hotel & Investment Co (HKSE:00071) Effective Interest Rate on Debt % : 2.73% (As of Dec. 2023)


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What is Miramar Hotel & Investment 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. Miramar Hotel & Investment Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$2 Mil. Miramar Hotel & Investment Co's average total debt for the quarter that ended in Dec. 2023 was HK$80 Mil. Therefore, Miramar Hotel & Investment Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.73%.


Miramar Hotel & Investment Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Miramar Hotel & Investment 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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Miramar Hotel & Investment Co Effective Interest Rate on Debt % Chart

Miramar Hotel & Investment Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.06 2.74 2.53 2.31 2.60

Miramar Hotel & Investment Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.76 2.44 3.00 2.55 2.73

Competitive Comparison of Miramar Hotel & Investment Co's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Miramar Hotel & Investment 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.


Miramar Hotel & Investment Co's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Miramar Hotel & Investment Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Miramar Hotel & Investment Co's Effective Interest Rate on Debt % falls into.



Miramar Hotel & Investment Co Effective Interest Rate on Debt % Calculation

Miramar Hotel & Investment 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  *  -2.268/( (99.06+75.52)/ 2 )
=-1  *  -2.268/87.29
=2.60 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=57.055 + 42.005
=99.06

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=40.675 + 34.845
=75.52

Miramar Hotel & Investment 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  *  -2.188/( (84.862+75.52)/ 2 )
=-1  *  -2.188/80.191
=2.73 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=42.436 + 42.426
=84.862

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=40.675 + 34.845
=75.52

* 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.


Miramar Hotel & Investment Co  (HKSE:00071) Effective Interest Rate on Debt % Explanation

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


Miramar Hotel & Investment Co Effective Interest Rate on Debt % Related Terms

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Miramar Hotel & Investment Co (HKSE:00071) Business Description

Traded in Other Exchanges
N/A
Address
132 Nathan Road, 15th Floor, Mira Place Tower A, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Miramar Hotel & Investment Co Ltd is an investment holding company. It operates in five segments: Property rental, which includes leasing of office and retail premises to generate rental income and to gain from the appreciation in properties values in the long term; Hotels & serviced apartments segment operates hotels and serviced apartments and provision of hotel management services; Food & beverage operation segment operates restaurants; Travel operation segment is engaged in the operation of travel agency services; and Others. Its geographical segments are Hong Kong and China, of which Hong Kong accounts for the majority of its revenue.
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