Mitsui Chemicals (Mitsui Chemicals) Effective Interest Rate on Debt % : 3.49% (As of Mar. 2024)

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What is Mitsui Chemicals 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. Mitsui Chemicals's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $179 Mil. Mitsui Chemicals's average total debt for the quarter that ended in Mar. 2024 was $5,139 Mil. Therefore, Mitsui Chemicals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.49%.

Mitsui Chemicals Effective Interest Rate on Debt % Historical Data

The historical data trend for Mitsui Chemicals'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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Mitsui Chemicals Effective Interest Rate on Debt % Chart

Mitsui Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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1.75

1.53

2.00

2.34

1.85

Mitsui Chemicals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.98	2.22	1.54	2.20	3.49

Competitive Comparison of Mitsui Chemicals's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Mitsui Chemicals'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.

Mitsui Chemicals's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mitsui Chemicals's Effective Interest Rate on Debt % distribution charts can be found below:

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

Mitsui Chemicals Effective Interest Rate on Debt % Calculation

Mitsui Chemicals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -97.872	/	( (5523.158	+	5051.162)	/ 2 )
=	-1 * -97.872	/	5287.16
=	1.85 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2766.528	+	2756.63
=	5523.158

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2887.959	+	2163.203
=	5051.162

Mitsui Chemicals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -179.256	/	( (5227.213	+	5051.162)	/ 2 )
=	-1 * -179.256	/	5139.1875
=	3.49 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2685.352	+	2541.861
=	5227.213

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2887.959	+	2163.203
=	5051.162

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

Mitsui Chemicals (OTCPK:MITUY) Effective Interest Rate on Debt % Explanation

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

Mitsui Chemicals Effective Interest Rate on Debt % Related Terms

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Mitsui Chemicals (Mitsui Chemicals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsui Chemicals Inc (OTCPK:MITUY) » Definitions » Effective Interest Rate on Debt %

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MITUF:USA 4183:Japan MSI:Germany

Address

1-5-2, Higashi-Shimbashi, Shiodome City Center, Minato-ku, Tokyo, JPN, 105-7122

Website

http://group.mitsuichemicals.com

Mitsui Chemicals Inc manufactures and sells a variety of chemicals, plastics, and chemical-based products. The firm organizes itself into five segments based on the product type. The basic materials segment, which generates more revenue than any other segment, sells petrochemicals, industrial chemicals, phenols, and polyesters. The mobility segment sells elastomers, performance compounds, and performance polymers to the automotive industry. The other three segments are healthcare, food and packaging, and others. The majority of revenue comes from Asia.

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