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Shizuoka Financial Group (TSE:5831) Effective Interest Rate on Debt % : 5.23% (As of Dec. 2023)


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What is Shizuoka Financial 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. Shizuoka Financial Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円75,076 Mil. Shizuoka Financial Group's average total debt for the quarter that ended in Dec. 2023 was 円1,434,489 Mil. Therefore, Shizuoka Financial Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.23%.

Shizuoka Financial Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Shizuoka Financial 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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Shizuoka Financial Group Effective Interest Rate on Debt % Chart

Shizuoka Financial Group Annual Data
Trend Mar23 Mar24
Effective Interest Rate on Debt %
2.57 5.47

Shizuoka Financial Group Quarterly Data
Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial 4.21 5.20 5.34 5.23 6.36

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

For the Banks - Regional subindustry, Shizuoka Financial 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.

Shizuoka Financial Group's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Shizuoka Financial Group's Effective Interest Rate on Debt % distribution charts can be found below:

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


Shizuoka Financial Group Effective Interest Rate on Debt % Calculation

Shizuoka Financial Group'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  *  -78315/( (1543203+1321550)/ 2 )
=-1  *  -78315/1432376.5
=5.47 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1543203 + 0
=1543203

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1321550 + 0
=1321550

Shizuoka Financial Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -75076/( (1559512+1309466)/ 2 )
=-1  *  -75076/1434489
=5.23 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1559512 + 0
=1559512

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1309466 + 0
=1309466

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Shizuoka Financial Group  (TSE:5831) Effective Interest Rate on Debt % Explanation

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

Shizuoka Financial Group Effective Interest Rate on Debt % Related Terms

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Shizuoka Financial Group (TSE:5831) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shizuoka Financial Group Inc (TSE:5831) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
TSE:8354 TSE:8331 TSE:7186 TSE:7167 TSE:5838 TSE:8359 TSE:8304 TSE:8410 TSE:5830 TSE:8418 CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
SFGIF:USA
Address
1-10, Gofukucho, Aoi-ku, Shizuoka-shi, Shizuoka, JPN, 420-0031
Website
https://www.shizuoka-fg.co.jp
Shizuoka Financial Group Inc is involved in the banking business. It provides various banking products and services.

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