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China Vanke Co (HKSE:02202) Effective Interest Rate on Debt % : 1.70% (As of Mar. 2024)


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What is China Vanke 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. China Vanke Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was HK$6,375 Mil. China Vanke Co's average total debt for the quarter that ended in Mar. 2024 was HK$374,144 Mil. Therefore, China Vanke Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.70%.

China Vanke Co Effective Interest Rate on Debt % Historical Data

The historical data trend for China Vanke 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.

* Premium members only.

China Vanke Co Effective Interest Rate on Debt % Chart

China Vanke 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 -1.68 2.83 2.37 -1.86 1.40

China Vanke Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.87 -6.52 9.45 0.87 1.70

Competitive Comparison of China Vanke Co's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, China Vanke 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.

China Vanke Co's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

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

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


China Vanke Co Effective Interest Rate on Debt % Calculation

China Vanke 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  *  -5297.935/( (379359.107+375461.632)/ 2 )
=-1  *  -5297.935/377410.3695
=1.40 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=303360.663 + 75998.444
=379359.107

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=303282.738 + 72178.894
=375461.632

China Vanke Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -6374.876/( (375461.632+372825.394)/ 2 )
=-1  *  -6374.876/374143.513
=1.70 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=303282.738 + 72178.894
=375461.632

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=281395.567 + 91429.827
=372825.394

* 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 four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

China Vanke Co  (HKSE:02202) Effective Interest Rate on Debt % Explanation

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

China Vanke Co Effective Interest Rate on Debt % Related Terms

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China Vanke Co (HKSE:02202) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Vanke Co Ltd (HKSE:02202) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
SZSE:001979 SHSE:600048 SHSE:600663 SHSE:600895 SHSE:601155 SZSE:002244 SHSE:600208 SHSE:600675 SHSE:600325 SZSE:000537 HKSE:00016 BOM:532868 HKSE:01109 HKSE:00688 DFM:EMAAR TSE:1925 HKSE:01113 BOM:543287 PHS:HVN ADX:ALDAR
Traded in Other Exchanges
CHVKF:USA CHVKY:USA 18V:Germany 000002:China
Address
Vanke Center, No. 33 Huanmei Road, Dameisha, Yantian District, Shenzhen, CHN, 518083
Website
https://www.vanke.com
China Vanke is a large real estate developer in China with residential property sales among the top three of all peers through the past five years. While property development accounts for most of its revenue and earnings, it has expanded its business presence in investment properties such as commercial retail complexes, long-term leasing apartments, and leasable logistical assets. China Vanke also owns an over-60% equity interest in its property management division Onewo, which manages the second-largest gross floor area in China. It is dual-listed in Shenzhen and Hong Kong, and state-owned Shenzhen Metro is the largest shareholder with a 27.2% stake.
Executives
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Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si 2102 Investment manager
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Brown Brothers Harriman & Co. 2502 Approved lending agent
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