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Current Motor (TSE:7690) Effective Interest Rate on Debt % : 1.32% (As of Oct. 2023)


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What is Current Motor 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. Current Motor's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was 円11 Mil. Current Motor's average total debt for the quarter that ended in Oct. 2023 was 円822 Mil. Therefore, Current Motor's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 1.32%.


Current Motor Effective Interest Rate on Debt % Historical Data

The historical data trend for Current Motor'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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Current Motor Effective Interest Rate on Debt % Chart

Current Motor Annual Data
Trend Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 1.55 1.35 1.38 1.26 1.13

Current Motor Semi-Annual Data
Oct18 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.17 1.22 1.32 1.00 1.32

Competitive Comparison of Current Motor's Effective Interest Rate on Debt %

For the Auto & Truck Dealerships subindustry, Current Motor'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.


Current Motor's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Current Motor's Effective Interest Rate on Debt % distribution charts can be found below:

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



Current Motor Effective Interest Rate on Debt % Calculation

Current Motor's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Oct. 2022 )+Total Debt  (A: Oct. 2023 ))/ count )
=-1  *  -9.515/( (839.365+843.748)/ 2 )
=-1  *  -9.515/841.5565
=1.13 %

where

Total Debt  (A: Oct. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=93.748 + 745.617
=839.365

Total Debt  (A: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.084 + 830.664
=843.748

Current Motor's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Apr. 2023 )+Total Debt  (Q: Oct. 2023 ))/ count )
=-1  *  -10.874/( (799.94+843.748)/ 2 )
=-1  *  -10.874/821.844
=1.32 %

where

Total Debt  (Q: Apr. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=78.538 + 721.402
=799.94

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.084 + 830.664
=843.748

* 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 two times the semi-annual (Oct. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Current Motor  (TSE:7690) Effective Interest Rate on Debt % Explanation

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


Current Motor Effective Interest Rate on Debt % Related Terms

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Current Motor (TSE:7690) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
4-1-19 Utsukushigaoka, Aoba-ku, Kanagawa Prefecture, Yokohama-Shi, JPN, 225-0002
Current Motor Corp is engaged in sale and purchase of various car models. The company also provides repair and maintenance business and provide specialized parts for imported cars.

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