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Watts International Maritime Co (HKSE:02258) Effective Interest Rate on Debt % : 7.54% (As of Dec. 2023)


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What is Watts International Maritime 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. Watts International Maritime Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$18 Mil. Watts International Maritime Co's average total debt for the quarter that ended in Dec. 2023 was HK$235 Mil. Therefore, Watts International Maritime Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.54%.

Watts International Maritime Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Watts International Maritime 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.

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Watts International Maritime Co Effective Interest Rate on Debt % Chart

Watts International Maritime Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 36.67 33.31 20.32 13.09 10.17

Watts International Maritime Co Semi-Annual Data
Dec15 Dec16 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 15.98 14.29 10.88 12.94 7.54

Competitive Comparison of Watts International Maritime Co's Effective Interest Rate on Debt %

For the Infrastructure Operations subindustry, Watts International Maritime 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.

Watts International Maritime Co's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Watts International Maritime Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Watts International Maritime Co's Effective Interest Rate on Debt % falls into.


Watts International Maritime Co Effective Interest Rate on Debt % Calculation

Watts International Maritime 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  *  -25.749/( (279.639+226.495)/ 2 )
=-1  *  -25.749/253.067
=10.17 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=19.546 + 260.093
=279.639

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.791 + 215.704
=226.495

Watts International Maritime Co'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  *  -17.7/( (242.749+226.495)/ 2 )
=-1  *  -17.7/234.622
=7.54 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=16.972 + 225.777
=242.749

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.791 + 215.704
=226.495

* 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.

Watts International Maritime Co  (HKSE:02258) Effective Interest Rate on Debt % Explanation

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

Watts International Maritime Co Effective Interest Rate on Debt % Related Terms

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Watts International Maritime Co (HKSE:02258) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Watts International Maritime Co Ltd (HKSE:02258) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:06888 HKSE:08502 HKSE:08065 HKSE:01823 ASX:TCL XMAD:FER SZSE:001965 DFM:SALIK SHSE:600377 XPAR:RE ASX:ALX BSP:CCRO3 SHSE:600350 VRRM HKSE:00576 SHSE:600548 BOM:532947 SZSE:000429 SHSE:600012 TSE:4666
Traded in Other Exchanges
N/A
Address
2816 Yixian Road, 5th Floor, Tower 17, Baoshan District, Shanghai, CHN
Website
http://www.shbt-china.com
Watts International Maritime Co Ltd is an investment holding company. It is engaged in the port, waterway, and marine engineering work that includes the construction and installation of structures and facilities in river and sea areas. Its business operations comprise Marine construction and Municipal public construction. The company generates maximum revenue from the Municipal public construction segment.
Executives
Wang Likai 2103 Interests held jointly with another person
Wang Shiqin 2103 Interests held jointly with another person
Wang Shizhong 2201 Interest of corporation controlled by you
Wang Xiuchun 2103 Interests held jointly with another person
Ye Kangshun 2201 Interest of corporation controlled by you
Zhou Meng 2103 Interests held jointly with another person
Huazi Holding Limited 2101 Beneficial owner
Hz&bt Development Holding Limited 2101 Beneficial owner
Ye Wang Zhou Holding Limited 2101 Beneficial owner

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