Workman Co (TSE:7564) Effective Interest Rate on Debt % : 2.67% (As of Dec. 2023)

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What is Workman 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. Workman Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円36 Mil. Workman Co's average total debt for the quarter that ended in Dec. 2023 was 円1,350 Mil. Therefore, Workman Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.67%.

Workman Co Effective Interest Rate on Debt % Historical Data

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

Workman Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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2.31

2.26

2.12

1.93

1.76

Workman Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.35	2.11	2.67	2.67	1.95

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

For the Apparel Retail subindustry, Workman 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.

Workman Co's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Workman Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Workman Co Effective Interest Rate on Debt % Calculation

Workman Co'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 * -35	/	( (2059	+	1927)	/ 2 )
=	-1 * -35	/	1993
=	1.76 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	577	+	1482
=	2059

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	458	+	1469
=	1927

Workman Co'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 * -36	/	( (1350	+	1350)	/ 2 )
=	-1 * -36	/	1350
=	2.67 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1350
=	1350

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1350
=	1350

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.

Workman Co (TSE:7564) Effective Interest Rate on Debt % Explanation

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

Workman Co Effective Interest Rate on Debt % Related Terms

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Workman Co (TSE:7564) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Workman Co Ltd (TSE:7564) » Definitions » Effective Interest Rate on Debt %

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WKISF:USA

Address

4-8-1 Higashi Ueno, Tixtower UENO, Taito-ku, Tokyo, JPN, 110 0015

Website

http://www.workman.co.jp

Workman Co Ltd is a Japan based company engaged in operating franchise stores and directly-operated stores providing working wear, casual wear, family clothing, footwear and working-related items. The company provides family clothing, including inner wears, socks, soldier socks, hats, towels and aprons; casual wear, including polo shirts, T-shirts, high neck shirts and blouses; working wear, including working jumpers, working pants, boiler suits and tobifuku; footwear, including safety shoes, safety sneakers, rubber-soled socks, boots and cloth shoes.

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