Kanamoto Co (Kanamoto Co) Effective Interest Rate on Debt % : 0.24% (As of Jan. 2024)

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What is Kanamoto 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. Kanamoto Co's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $1 Mil. Kanamoto Co's average total debt for the quarter that ended in Jan. 2024 was $413 Mil. Therefore, Kanamoto Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 0.24%.

Kanamoto Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Kanamoto 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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Kanamoto Co Effective Interest Rate on Debt % Chart

Kanamoto Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Effective Interest Rate on Debt %

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0.25

0.21

0.20

0.17

0.23

Kanamoto Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.21	0.20	0.22	0.26	0.24

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

For the Rental & Leasing Services subindustry, Kanamoto 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.

Kanamoto Co's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Kanamoto Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Kanamoto Co Effective Interest Rate on Debt % Calculation

Kanamoto Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * -0.849	/	( (368.408	+	378.139)	/ 2 )
=	-1 * -0.849	/	373.2735
=	0.23 %

where

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	257.311	+	111.097
=	368.408

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	263.528	+	114.611
=	378.139

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -0.984	/	( (378.139	+	448.555)	/ 2 )
=	-1 * -0.984	/	413.347
=	0.24 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	263.528	+	114.611
=	378.139

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	280.879	+	167.676
=	448.555

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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Kanamoto Co (OTCPK:KNMOF) Effective Interest Rate on Debt % Explanation

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

Kanamoto Co Effective Interest Rate on Debt % Related Terms

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Kanamoto Co (Kanamoto Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Kanamoto Co Ltd (OTCPK:KNMOF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

9678:Japan 9678:Japan

Address

1-19, Odori Higashi 3-chome Chuo-ku, Sapporo, Hokkaido, JPN, 060-0041

Website

http://www.kanamoto.co.jp

Kanamoto Co Ltd is a provider of construction equipment rentals. The company operates three business segments: construction equipment rental, steel products, and computing products. The construction equipment rental business is Kanamoto's core business, accounting for most of the company's revenue. The company owns various hand tools and construction equipment, such as dump trucks and hydraulic excavators, which it rents out to its customers. The steel products business sells various construction materials for engineering and construction works. The computing products business provides rentals and sale of computer-related equipment. Kanamoto operates in Asia.

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