Harmonic Drive Systems (TSE:6324) Effective Interest Rate on Debt % : 0.74% (As of Dec. 2023)

View and export this data going back to 1998. Start your Free Trial

What is Harmonic Drive Systems 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. Harmonic Drive Systems's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円179 Mil. Harmonic Drive Systems's average total debt for the quarter that ended in Dec. 2023 was 円24,336 Mil. Therefore, Harmonic Drive Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.74%.

Harmonic Drive Systems Effective Interest Rate on Debt % Historical Data

The historical data trend for Harmonic Drive Systems'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.

* Premium members only.

Harmonic Drive Systems Effective Interest Rate on Debt % Chart

Harmonic Drive Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

1.02

1.80

1.08

0.91

0.69

Harmonic Drive Systems 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															0.68	0.64	0.67	0.69	0.74

Competitive Comparison of Harmonic Drive Systems's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Harmonic Drive Systems'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.

Harmonic Drive Systems's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

* The bar in red indicates where Harmonic Drive Systems's Effective Interest Rate on Debt % falls into.

Harmonic Drive Systems Effective Interest Rate on Debt % Calculation

Harmonic Drive Systems'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 * -166.982	/	( (20907.482	+	27365.945)	/ 2 )
=	-1 * -166.982	/	24136.7135
=	0.69 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18165.982	+	2741.5
=	20907.482

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21603.443	+	5762.502
=	27365.945

Harmonic Drive Systems'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 * -178.916	/	( (24163.615	+	24508.047)	/ 2 )
=	-1 * -178.916	/	24335.831
=	0.74 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20352.036	+	3811.579
=	24163.615

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20642.511	+	3865.536
=	24508.047

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.

Harmonic Drive Systems (TSE:6324) Effective Interest Rate on Debt % Explanation

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

Harmonic Drive Systems Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Harmonic Drive Systems's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Harmonic Drive Systems (TSE:6324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harmonic Drive Systems Inc (TSE:6324) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

HSYDF:USA K3R:Germany K3R:Germany

Address

6-25-3 Minami-Oi, Shinagawa-ku, Tokyo, JPN, 140-0013

Website

http://www.hds.co.jp

Harmonic Drive Systems manufactures and sells high-precision reduction gears (speed reducers) under the Harmonic Drive brand as well as other mechatronics products such as rotary actuators, linear actuators, and AC servo motors. The company also provides planetary-gear speed reducers under the AccuDrive and Harmonic Planetary brands. Its products are used in industrial robots, semiconductor production equipment, and other high-precision equipment. HDS was founded in 1970 and is headquartered in Tokyo.

Harmonic Drive Systems (TSE:6324) Headlines

No Headlines