Toyota Tsusho (TSE:8015) Effective Interest Rate on Debt % : 3.02% (As of Mar. 2024)

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What is Toyota Tsusho 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. Toyota Tsusho's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円61,528 Mil. Toyota Tsusho's average total debt for the quarter that ended in Mar. 2024 was 円2,036,374 Mil. Therefore, Toyota Tsusho's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.02%.

Toyota Tsusho Effective Interest Rate on Debt % Historical Data

The historical data trend for Toyota Tsusho'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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Toyota Tsusho Effective Interest Rate on Debt % Chart

Toyota Tsusho Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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1.97

1.56

1.52

2.42

3.04

Toyota Tsusho 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															2.62	2.61	2.90	3.02	3.02

Competitive Comparison of Toyota Tsusho's Effective Interest Rate on Debt %

For the Conglomerates subindustry, Toyota Tsusho'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.

Toyota Tsusho's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Toyota Tsusho's Effective Interest Rate on Debt % distribution charts can be found below:

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

Toyota Tsusho Effective Interest Rate on Debt % Calculation

Toyota Tsusho'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 * -60890	/	( (2021700	+	1988068)	/ 2 )
=	-1 * -60890	/	2004884
=	3.04 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1275032	+	746668
=	2021700

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1361558	+	626510
=	1988068

Toyota Tsusho's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -61528	/	( (2084679	+	1988068)	/ 2 )
=	-1 * -61528	/	2036373.5
=	3.02 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1359634	+	725045
=	2084679

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1361558	+	626510
=	1988068

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Toyota Tsusho (TSE:8015) Effective Interest Rate on Debt % Explanation

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

Toyota Tsusho Effective Interest Rate on Debt % Related Terms

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Toyota Tsusho (TSE:8015) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Toyota Tsusho Corp (TSE:8015) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

TYHOF:USA 9TO:Germany

Address

9-8, Meieki 4-chome, Nakamura-ku, Nagoya, JPN, 450-8575

Website

http://www.toyota-tsusho.com

Toyota Tsusho Corporation is a trading company. The company has six major divisions. The Metal division processes and distributes various steel products, and others. Global Parts and Logistics division is engaged in warehousing and logistics services and others. Automobile division is engaged in automobile parts selling, used vehicles and parts exporting/importing, and others. Machinery, Energy and Plant Project division provides mechanical equipment, various industrial machineries, petroleum products and others. Chemical and Electronics division provides semiconductors, electronic devices, software, chemicals, resins and others. Food and Customer Services division manufactures and sells apparel, food and others. Asian market accounts for majority of the company's sales.

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