China Hongqiao Group (HKSE:01378) Effective Interest Rate on Debt % : 5.59% (As of Dec. 2023)

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What is China Hongqiao 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 Hongqiao Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$3,923 Mil. China Hongqiao Group's average total debt for the quarter that ended in Dec. 2023 was HK$70,165 Mil. Therefore, China Hongqiao Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.59%.

China Hongqiao Group Effective Interest Rate on Debt % Historical Data

The historical data trend for China Hongqiao 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 Hongqiao Group Effective Interest Rate on Debt % Chart

China Hongqiao Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.41

6.06

5.45

4.79

5.23

China Hongqiao 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															5.51	5.34	4.43	4.70	5.59

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

For the Aluminum subindustry, China Hongqiao 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 Hongqiao Group's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, China Hongqiao Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

China Hongqiao Group Effective Interest Rate on Debt % Calculation

China Hongqiao Group'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 * -3574.402	/	( (66710.09	+	69853.559)	/ 2 )
=	-1 * -3574.402	/	68281.8245
=	5.23 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18188.818	+	48521.272
=	66710.09

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16087.861	+	53765.698
=	69853.559

China Hongqiao 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 * -3922.868	/	( (70475.759	+	69853.559)	/ 2 )
=	-1 * -3922.868	/	70164.659
=	5.59 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17507.723	+	52968.036
=	70475.759

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16087.861	+	53765.698
=	69853.559

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 Hongqiao Group (HKSE:01378) Effective Interest Rate on Debt % Explanation

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

China Hongqiao Group Effective Interest Rate on Debt % Related Terms

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China Hongqiao Group (HKSE:01378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Hongqiao Group Ltd (HKSE:01378) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

CHHQF:USA H0Q:Germany

Address

Huixian One Road, Zouping Economic Development District, Shandong Province, Zouping, CHN, 256200

Website

http://www.hongqiaochina.com

China Hongqiao Group Ltd manufactures and sells aluminum products. Its products include molten aluminum alloy, aluminum alloy ingots, aluminum busbars, aluminum alloy processing products, and alumina products. The company has the manufacturing and sale of aluminum products segment. The company's geographical segments are China, India, Europe, Malaysia, and others, out of which China accounts for the majority of the revenue.

Executives

Citic Group Corporation	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you
Cti Capital Management Limited	2101 Beneficial owner
China Hongqiao Holdings Limited
Shiping Prosperity Private Trust Company
Zhang Bo
Zhang Hongxia
Zhang Yanhong
Zhang Shiping
Zheng Shuliang
Zhong Xin Xin Hui Guo Ji Zi Ben You Xian Gong Si

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