Kerry Properties (HKSE:00683) Effective Interest Rate on Debt % : 1.81% (As of Dec. 2023)

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What is Kerry Properties 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. Kerry Properties's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$1,013 Mil. Kerry Properties's average total debt for the quarter that ended in Dec. 2023 was HK$55,816 Mil. Therefore, Kerry Properties's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.81%.

Kerry Properties Effective Interest Rate on Debt % Historical Data

The historical data trend for Kerry Properties'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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Kerry Properties Effective Interest Rate on Debt % Chart

Kerry Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.24

1.85

1.37

0.67

1.52

Kerry Properties 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															1.34	1.52	-0.22	1.16	1.81

Competitive Comparison of Kerry Properties's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, Kerry Properties'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.

Kerry Properties's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kerry Properties's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Kerry Properties's Effective Interest Rate on Debt % falls into.

Kerry Properties Effective Interest Rate on Debt % Calculation

Kerry Properties'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 * -824.195	/	( (52995.767	+	55215.253)	/ 2 )
=	-1 * -824.195	/	54105.51
=	1.52 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46957.35	+	6038.417
=	52995.767

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	48535.393	+	6679.86
=	55215.253

Kerry Properties'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 * -1012.812	/	( (56417.12	+	55215.253)	/ 2 )
=	-1 * -1012.812	/	55816.1865
=	1.81 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45203.098	+	11214.022
=	56417.12

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	48535.393	+	6679.86
=	55215.253

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.

Kerry Properties (HKSE:00683) Effective Interest Rate on Debt % Explanation

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

Kerry Properties Effective Interest Rate on Debt % Related Terms

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Kerry Properties (HKSE:00683) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kerry Properties Ltd (HKSE:00683) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

KRYPY:USA KRYPF:USA KR3:Germany

Address

683 King’s Road, 25th Floor, Kerry Centre, Quarry Bay, Hong Kong, HKG

Website

https://www.kerryprops.com

Kerry Properties Ltd is Hong Kong-based property developer. The company is engaged in investment holding activity. Through its subsidiaries it engages in property development, investment, and management in Hong Kong, the Mainland, and the Asia Pacific region; hotel ownership in Hong Kong, and hotel ownership and operations in the Mainland; and integrated logistics and international freight forwarding. Substantial revenue is derived from the sale of properties.

Executives

Schroders Plc	2102 Investment manager
Kerry Group Limited	2201 Interest of corporation controlled by you

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