Shima Seiki Mfg (TSE:6222) Effective Interest Rate on Debt % : 0.81% (As of Dec. 2023)

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What is Shima Seiki Mfg 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. Shima Seiki Mfg's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円24 Mil. Shima Seiki Mfg's average total debt for the quarter that ended in Dec. 2023 was 円2,958 Mil. Therefore, Shima Seiki Mfg's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.81%.

Shima Seiki Mfg Effective Interest Rate on Debt % Historical Data

The historical data trend for Shima Seiki Mfg'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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Shima Seiki Mfg Effective Interest Rate on Debt % Chart

Shima Seiki Mfg Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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3.78

1.62

0.43

0.74

0.43

Shima Seiki Mfg Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.73	-1.45	0.34	1.21	0.81

Competitive Comparison of Shima Seiki Mfg's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Shima Seiki Mfg'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.

Shima Seiki Mfg's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shima Seiki Mfg's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shima Seiki Mfg's Effective Interest Rate on Debt % falls into.

Shima Seiki Mfg Effective Interest Rate on Debt % Calculation

Shima Seiki Mfg's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -12	/	( (2711	+	2897)	/ 2 )
=	-1 * -12	/	2804
=	0.43 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1746	+	965
=	2711

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1130	+	1767
=	2897

Shima Seiki Mfg'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 * -24	/	( (2191	+	3725)	/ 2 )
=	-1 * -24	/	2958
=	0.81 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	886	+	1305
=	2191

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	832	+	2893
=	3725

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.

Shima Seiki Mfg (TSE:6222) Effective Interest Rate on Debt % Explanation

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

Shima Seiki Mfg Effective Interest Rate on Debt % Related Terms

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Shima Seiki Mfg (TSE:6222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shima Seiki Mfg Ltd (TSE:6222) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

85 Sakata, Wakayama, JPN, 641-8511

Website

http://www.shimaseiki.co.jp

Shima Seiki Mfg Ltd is a Japan-based company that is engaged in developing, manufacturing, selling, and servicing computerized flat knitting machines, design systems, automatic fabric-cutting machines, and glove- and sock-knitting machines. The company's products are applied in apparel, knitting, weaving, printing, circular knitting, interior furnishings, automotive, aerospace, and other industrial materials. Flat knitting machines account for the majority of the company's sales. Shima Seiki generates most of its sales from Asia and Europe.

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