TOUMEI Co (TSE:4439) Effective Interest Rate on Debt % : 0.51% (As of Feb. 2024)

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What is TOUMEI 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. TOUMEI Co's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was 円10 Mil. TOUMEI Co's average total debt for the quarter that ended in Feb. 2024 was 円1,900 Mil. Therefore, TOUMEI Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.51%.

TOUMEI Co Effective Interest Rate on Debt % Historical Data

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

TOUMEI Co Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

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0.75

0.71

0.73

0.42

0.55

TOUMEI Co 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															0.32	0.39	0.47	0.44	0.51

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

For the Conglomerates subindustry, TOUMEI 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.

TOUMEI Co's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

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

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

TOUMEI Co Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -11.604	/	( (2000	+	2200)	/ 2 )
=	-1 * -11.604	/	2100
=	0.55 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	800	+	1200
=	2000

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	600	+	1600
=	2200

TOUMEI Co'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 * -9.64	/	( (2200	+	1600)	/ 2 )
=	-1 * -9.64	/	1900
=	0.51 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	600	+	1600
=	2200

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	600	+	1000
=	1600

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.

TOUMEI Co (TSE:4439) Effective Interest Rate on Debt % Explanation

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

TOUMEI Co Effective Interest Rate on Debt % Related Terms

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TOUMEI Co (TSE:4439) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » TOUMEI Co Ltd (TSE:4439) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

2-1-39, Hatta chome, Mie Prefecture, Yokkaichi, JPN, 510-0001

Website

https://www.toumei.co.jp

TOUMEI Co Ltd is engaged in Office light 119 business, Office solution business, and Financial Planning Business. The company's services include provision of fiber-optic services and ancillary services, sales of information and communications equipment and environmental products, and provision of web services. It also offers insurance brokerage services.

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