Solowin Holdings (Solowin Holdings) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)

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What is Solowin 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. Solowin Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.00 Mil. Solowin Holdings's average total debt for the quarter that ended in Sep. 2023 was $0.21 Mil. Therefore, Solowin Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.00%.

Solowin Holdings Effective Interest Rate on Debt % Historical Data

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

Solowin Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

121.07

127.58

Solowin Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			174.71	2.04	-	-	-

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

For the Capital Markets subindustry, Solowin 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.

Solowin Holdings's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Solowin Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Solowin Holdings Effective Interest Rate on Debt % Calculation

Solowin Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * 0	/	( (0.098	+	0.251)	/ 2 )
=	-1 * 0	/	0.1745
=	0.00 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.098
=	0.098

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.095	+	0.156
=	0.251

Solowin Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * 0	/	( (0.251	+	0.174)	/ 2 )
=	-1 * 0	/	0.2125
=	0.00 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.095	+	0.156
=	0.251

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.014	+	0.16
=	0.174

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

Solowin Holdings (NAS:SWIN) Effective Interest Rate on Debt % Explanation

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

Solowin Holdings Effective Interest Rate on Debt % Related Terms

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Solowin Holdings (Solowin Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Solowin Holdings Ltd (NAS:SWIN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Canton Road, Room 1910-1912A, Tower 3, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.solomonwin.com.hk

Solowin Holdings is a investor-focused, versatile securities brokerage company in Hong Kong. It offers a wide spectrum of products and services through its advanced and secured one-stop electronic platform. It is primarily engaged in providing securities related services, investment advisory service, and asset management service to customers.

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