Tripleize Co (TSE:5026) Effective Interest Rate on Debt % : 0.99% (As of Feb. 2024)

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What is Tripleize 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. Tripleize Co's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was 円21 Mil. Tripleize Co's average total debt for the quarter that ended in Feb. 2024 was 円2,130 Mil. Therefore, Tripleize Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.99%.

Tripleize Co Effective Interest Rate on Debt % Historical Data

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

Tripleize Co Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

0.54

0.67

0.57

0.21

Tripleize Co Quarterly Data
	Aug20	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							0.55	0.44	0.25	1.18	0.99

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

For the Information Technology Services subindustry, Tripleize 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.

Tripleize Co's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Tripleize Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Tripleize Co Effective Interest Rate on Debt % Calculation

Tripleize 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 * -1.967	/	( (288.478	+	1604.213)	/ 2 )
=	-1 * -1.967	/	946.3455
=	0.21 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	149.214	+	139.264
=	288.478

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1123.771	+	480.442
=	1604.213

Tripleize 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 * -21.052	/	( (2213.289	+	2046.378)	/ 2 )
=	-1 * -21.052	/	2129.8335
=	0.99 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1284.26	+	929.029
=	2213.289

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1208.178	+	838.2
=	2046.378

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.

Tripleize Co (TSE:5026) Effective Interest Rate on Debt % Explanation

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

Tripleize Co Effective Interest Rate on Debt % Related Terms

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Tripleize Co (TSE:5026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tripleize Co Ltd (TSE:5026) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

3-4-4 Kanda Surugadai, Ryumeikan Main Store Building 12th floor, Chiyoda-ku, Tokyo, JPN, 101-0062

Website

https://www.3-ize.jp

Tripleize Co Ltd is an information technology company. The company offers System Development, Cloud Service, Infrastructure Construction, and Acquiring services.

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