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Tokio Marine Holdings (Tokio Marine Holdings) Effective Interest Rate on Debt % : 13.01% (As of Dec. 2023)


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What is Tokio Marine 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. Tokio Marine Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $201 Mil. Tokio Marine Holdings's average total debt for the quarter that ended in Dec. 2023 was $1,545 Mil. Therefore, Tokio Marine Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.01%.


Tokio Marine Holdings Effective Interest Rate on Debt % Historical Data

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

Tokio Marine Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.36 11.61 4.55 3.56 5.93

Tokio Marine Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.18 8.02 10.30 13.52 13.01

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

For the Insurance - Property & Casualty subindustry, Tokio Marine 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.


Tokio Marine Holdings's Effective Interest Rate on Debt % Distribution in the Insurance Industry

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

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



Tokio Marine Holdings Effective Interest Rate on Debt % Calculation

Tokio Marine 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  *  -104.388/( (1853.599+1666.945)/ 2 )
=-1  *  -104.388/1760.272
=5.93 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1853.599 + 0
=1853.599

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1666.945 + 0
=1666.945

Tokio Marine Holdings'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: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -200.944/( (1521.431+1567.785)/ 2 )
=-1  *  -200.944/1544.608
=13.01 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1521.431 + 0
=1521.431

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1567.785 + 0
=1567.785

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


Tokio Marine Holdings  (OTCPK:TKOMY) Effective Interest Rate on Debt % Explanation

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


Tokio Marine Holdings Effective Interest Rate on Debt % Related Terms

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Tokio Marine Holdings (Tokio Marine Holdings) Business Description

Traded in Other Exchanges
Address
Tokio Marine Nichido Building Shinkan, 2-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
Dating back to 1879, Tokio Marine is Japan's oldest insurance company and was its top property and casualty insurer in terms of market share for many decades. After mergers of its smaller rivals in the past few years, the company is now roughly the same size in the domestic nonlife market as MS&AD and Sompo Holdings, but it remains the most valuable listed Japanese insurer in terms of market capitalization due to its larger overseas business portfolio. The majority of its overseas business is in the U.S., where it has purchased four specialty insurers since 2008: Philadelphia Consolidated, Delphi Financial, HCC, and PURE. It is a member of the Mitsubishi keiretsu group and holds minority stakes in a number of group companies that also rank among its shareholders.

Tokio Marine Holdings (Tokio Marine Holdings) Headlines

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