Edensoft Holdings (HKSE:01147) Effective Interest Rate on Debt % : 3.29% (As of Dec. 2023)

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What is Edensoft 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. Edensoft Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$2.0 Mil. Edensoft Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$59.7 Mil. Therefore, Edensoft Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.29%.

Edensoft Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Edensoft 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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Edensoft Holdings Effective Interest Rate on Debt % Chart

Edensoft Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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18.39

4.57

4.28

4.58

5.52

Edensoft Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								4.34	14.34	2.48	6.75	3.29

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

For the Information Technology Services subindustry, Edensoft 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.

Edensoft Holdings's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Edensoft Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Edensoft Holdings Effective Interest Rate on Debt % Calculation

Edensoft Holdings'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 * -2.461	/	( (28.652	+	60.502)	/ 2 )
=	-1 * -2.461	/	44.577
=	5.52 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.793	+	25.859
=	28.652

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.227	+	56.275
=	60.502

Edensoft Holdings'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 * -1.966	/	( (58.876	+	60.502)	/ 2 )
=	-1 * -1.966	/	59.689
=	3.29 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.702	+	57.174
=	58.876

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.227	+	56.275
=	60.502

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.

Edensoft Holdings (HKSE:01147) Effective Interest Rate on Debt % Explanation

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

Edensoft Holdings Effective Interest Rate on Debt % Related Terms

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Edensoft Holdings (HKSE:01147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edensoft Holdings Ltd (HKSE:01147) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hua Fu Street, 1006 Shennan Road, West, 2nd Floor, Building A, Futian Technology Square, Shenzhen International Innovation Center, Futian District, Shenzhen, CHN

Website

https://www.edensoft.com.cn

Edensoft Holdings Ltd is engaged in provision of IT infrastructure services, IT implementation and supporting services and cloud services in the PRC. Its segment includes IT infrastructure services; IT implementation and supporting services; and Cloud services. It derives key revenue from the IT infrastructure services segment that assess customers' needs and their existing IT environment and providing IT infrastructure services by advising them on the suitable hardware and software products that their IT environment would require, and procuring the relevant hardware and software products from IT products vendors and installing these IT products in customers' IT environment. It operates in Mainland China and Hong Kong, of which prime revenue is derived from Mainland China.

Executives

Ding Xinyun	2201 Interest of corporation controlled by you
Green Leaf Development Limited	2201 Interest of corporation controlled by you
Aztec Pearl Limited	2101 Beneficial owner
Cai Aaron Ding	2401 A concert party to an agreement to buy shares
Tricor Equity Trustee Limited	2301 Trustee
Yan Shi	2202 Interest of your spouse

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