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Howkingtech International Holding (HKSE:02440) Effective Interest Rate on Debt % : 2.00% (As of Jun. 2023)


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What is Howkingtech International Holding 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. Howkingtech International Holding's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was HK$0.3 Mil. Howkingtech International Holding's average total debt for the quarter that ended in Jun. 2023 was HK$13.7 Mil. Therefore, Howkingtech International Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 2.00%.

Howkingtech International Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for Howkingtech International Holding'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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Howkingtech International Holding Effective Interest Rate on Debt % Chart

Howkingtech International Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
37.79 6.12 7.27 2.31 2.28

Howkingtech International Holding Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial - 8.15 -0.75 2.00 1.95

Competitive Comparison of Howkingtech International Holding's Effective Interest Rate on Debt %

For the Telecom Services subindustry, Howkingtech International Holding'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.

Howkingtech International Holding's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Howkingtech International Holding's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Howkingtech International Holding's Effective Interest Rate on Debt % falls into.


Howkingtech International Holding Effective Interest Rate on Debt % Calculation

Howkingtech International Holding's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -0.245/( (7.632+13.57)/ 2 )
=-1  *  -0.245/10.601
=2.31 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.183 + 5.449
=7.632

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.239 + 13.331
=13.57

Howkingtech International Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -0.274/( (13.57+13.793)/ 2 )
=-1  *  -0.274/13.6815
=2.00 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.239 + 13.331
=13.57

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.567 + 12.226
=13.793

* 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 (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Howkingtech International Holding  (HKSE:02440) Effective Interest Rate on Debt % Explanation

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

Howkingtech International Holding Effective Interest Rate on Debt % Related Terms

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Howkingtech International Holding (HKSE:02440) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Howkingtech International Holding Ltd (HKSE:02440) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:08167 HKSE:08645 HKSE:01723 HKSE:00524 HKSE:08337 SHSE:600941 CMCSA TMUS VZ T XTER:DTE TSE:9432 NSE:BHARTIARTL TSE:9433 HKSE:00728 CHTR TSE:9984 TSE:9434 AMX B SAU:7010
Traded in Other Exchanges
N/A
Address
No. 9, East Mozhou Road, Jiangning Economic and Technological Development Zone, Building B4, Nanjing, CHN
Website
http://www.howkingtech.com
Howkingtech International Holding Ltd is a provider for data transmission and processing services for IoT applications and telecommunication equipment in China, serving a broad range of industrial customers. It mainly provides customized data transmission and processing services to customers in manufacturing, municipal services and other industries in China, and research, develop and sell telecommunication equipment.
Executives
Wang Zheshi 2101 Beneficial owner
Chen Ping 2202 Interest of your spouse
Howkingtech Holding Limited 2101 Beneficial owner
Jin Yan 2201 Interest of corporation controlled by you
Ban Lifeng 2201 Interest of corporation controlled by you
Xie Xiongqing 2201 Interest of corporation controlled by you
Ye Xiang 2201 Interest of corporation controlled by you
Ding Di 2201 Interest of corporation controlled by you
Wu Chak Man 2101 Beneficial owner
Ning Bo Hui Xin Zhi Yuan Tou Zi Guan Li He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Ning Bo Xin Hui Qian Hai Gu Quan Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Shang Hai Jin Yuan Zhang Fu Qi Ye Guan Li He Huo Qi Ye You Xian He Huo 2101 Beneficial owner
Shen Zhen Hui Xin Qian Hai Gu Quan Tou Zi Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you

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