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Takasago Thermal Engineering Co (TSE:1969) Effective Interest Rate on Debt % : 1.00% (As of Mar. 2024)


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What is Takasago Thermal Engineering 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. Takasago Thermal Engineering Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円360 Mil. Takasago Thermal Engineering Co's average total debt for the quarter that ended in Mar. 2024 was 円36,011 Mil. Therefore, Takasago Thermal Engineering Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.00%.


Takasago Thermal Engineering Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Takasago Thermal Engineering 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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Takasago Thermal Engineering Co Effective Interest Rate on Debt % Chart

Takasago Thermal Engineering Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.45 1.06 0.75 0.88 0.84

Takasago Thermal Engineering Co 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 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 0.84 0.89 0.94 0.81 1.00

Competitive Comparison of Takasago Thermal Engineering Co's Effective Interest Rate on Debt %

For the Building Products & Equipment subindustry, Takasago Thermal Engineering 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.


Takasago Thermal Engineering Co's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Takasago Thermal Engineering Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Takasago Thermal Engineering Co Effective Interest Rate on Debt % Calculation

Takasago Thermal Engineering Co'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  *  -288/( (29815+39133)/ 2 )
=-1  *  -288/34474
=0.84 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25000 + 4815
=29815

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=20000 + 19133
=39133

Takasago Thermal Engineering Co'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  *  -360/( (32888+39133)/ 2 )
=-1  *  -360/36010.5
=1.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=20000 + 12888
=32888

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=20000 + 19133
=39133

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


Takasago Thermal Engineering Co  (TSE:1969) Effective Interest Rate on Debt % Explanation

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


Takasago Thermal Engineering Co Effective Interest Rate on Debt % Related Terms

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Takasago Thermal Engineering Co (TSE:1969) Business Description

Traded in Other Exchanges
N/A
Address
6-27-30, Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0022
Takasago Thermal Engineering is a Japan-based company that designs, constructs, manufactures, and installs heating, ventilation, and air conditioning, or HVAC, systems, clean room and related systems, plumbing and sanitation systems, cogeneration systems, electrical systems, instrumentation systems, equipment diagnosis/failure diagnosis systems, dehumidifying/drying systems, vacuum conveying systems for waste, discharged-heat recovery systems, heating/cooling systems, refrigerating/freezing systems, other types of environmental control systems and thermal engineering systems, and so on. In addition, the company is engaged in coordinating construction work, security, and cleaning, with further focuses on energy supply, power generation, and water treatment.

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