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China Environmental Resources Group (HKSE:01130) Effective Interest Rate on Debt % : 5.04% (As of Dec. 2023)


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What is China Environmental Resources Group 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 Environmental Resources Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$6.51 Mil. China Environmental Resources Group's average total debt for the quarter that ended in Dec. 2023 was HK$129.14 Mil. Therefore, China Environmental Resources Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.04%.


China Environmental Resources Group Effective Interest Rate on Debt % Historical Data

The historical data trend for China Environmental Resources Group'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 Environmental Resources Group Effective Interest Rate on Debt % Chart

China Environmental Resources Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.40 5.13 2.89 3.17 3.41

China Environmental Resources Group 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 3.07 3.04 3.21 3.68 5.04

Competitive Comparison of China Environmental Resources Group's Effective Interest Rate on Debt %

For the Auto & Truck Dealerships subindustry, China Environmental Resources Group'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 Environmental Resources Group's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Environmental Resources Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Environmental Resources Group's Effective Interest Rate on Debt % falls into.



China Environmental Resources Group Effective Interest Rate on Debt % Calculation

China Environmental Resources Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -4.133/( (118.556+123.712)/ 2 )
=-1  *  -4.133/121.134
=3.41 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=48.12 + 70.436
=118.556

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=48.359 + 75.353
=123.712

China Environmental Resources Group'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  *  -6.506/( (123.712+134.568)/ 2 )
=-1  *  -6.506/129.14
=5.04 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=48.359 + 75.353
=123.712

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=49.171 + 85.397
=134.568

* 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.


China Environmental Resources Group  (HKSE:01130) Effective Interest Rate on Debt % Explanation

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


China Environmental Resources Group Effective Interest Rate on Debt % Related Terms

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China Environmental Resources Group (HKSE:01130) Business Description

Traded in Other Exchanges
Address
No. 1 Science Museum Road, Room 2608, 26th Floor, Greenfield Tower, Concordia Plaza, Tsim Sha Tsui East Kowloon, Hong Kong, HKG
China Environmental Resources Group Ltd is an investment holding company. It has seven reportable segments: Trading of recycled metals; Trading of motor vehicles and related accessories; Property investment; Provision of financial services; Sales of golden flower tea products; Securities trading and investment; and Sales of plantation materials and products. It has geographic operations in the PRC, Hong Kong, Nepal, and Macau. It derives a vast majority of the revenues from the trading of motor vehicles and related accessories segment within Hong Kong.
Executives
Cheung Wai Fung 2201 Interest of corporation controlled by you
Kwai Sze Hoi 2201 Interest of corporation controlled by you
Ocean Line Holdings Limited 2101 Beneficial owner
Yeung Chi Hang 2101 Beneficial owner

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