Pasona Group (TSE:2168) Effective Interest Rate on Debt % : 0.74% (As of Feb. 2024)

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What is Pasona Group 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. Pasona Group's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was 円424 Mil. Pasona Group's average total debt for the quarter that ended in Feb. 2024 was 円57,444 Mil. Therefore, Pasona Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.74%.

Pasona Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Pasona Group'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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Pasona Group Effective Interest Rate on Debt % Chart

Pasona Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Effective Interest Rate on Debt %

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0.91

0.66

0.83

0.67

0.70

Pasona Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.74	0.80	0.79	0.77	0.74

Competitive Comparison of Pasona Group's Effective Interest Rate on Debt %

For the Staffing & Employment Services subindustry, Pasona Group'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.

Pasona Group's Effective Interest Rate on Debt % Distribution in the Business Services Industry

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

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

Pasona Group Effective Interest Rate on Debt % Calculation

Pasona Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2022 )	+	Total Debt (A: May. 2023 ))	/ count )
=	-1 * -393	/	( (53165	+	58332)	/ 2 )
=	-1 * -393	/	55748.5
=	0.70 %

where

	Total Debt (A: May. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43143	+	10022
=	53165

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	47653	+	10679
=	58332

Pasona Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -424	/	( (53493	+	61394)	/ 2 )
=	-1 * -424	/	57443.5
=	0.74 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41714	+	11779
=	53493

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41446	+	19948
=	61394

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

Pasona Group (TSE:2168) Effective Interest Rate on Debt % Explanation

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

Pasona Group Effective Interest Rate on Debt % Related Terms

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Pasona Group (TSE:2168) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Pasona Group Inc (TSE:2168) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

9D4:Germany

Address

Otemachi 2-6-4, Chiyoda-ku, Tokyo, JPN, 100-8228

Website

http://www.pasonagroup.co.jp

Pasona Group Inc provides human resource related support services. Its segments are Expert services, Insourcing, Others, Career solutions and outsourcing. The segments encompass human resource (HR) solutions, temporary staffing, contracting HR consulting, education and training, place and search, global overseas sourcing career placement, recruiting and outplacement, outsourcing, life solutions and public solutions. Expert services segment generates the majority of the revenues for the company.

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