AIT (TSE:9381) Effective Interest Rate on Debt % : 2.01% (As of Feb. 2024)

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What is AIT 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. AIT's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was 円20 Mil. AIT's average total debt for the quarter that ended in Feb. 2024 was 円996 Mil. Therefore, AIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 2.01%.

AIT Effective Interest Rate on Debt % Historical Data

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

AIT Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

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0.07

0.10

0.47

0.66

1.51

AIT Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.91	0.45	0.94	1.18	2.01

Competitive Comparison of AIT's Effective Interest Rate on Debt %

For the Integrated Freight & Logistics subindustry, AIT'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.

AIT's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

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

AIT Effective Interest Rate on Debt % Calculation

AIT's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2023 )	+	Total Debt (A: Feb. 2024 ))	/ count )
=	-1 * -16	/	( (1834	+	292)	/ 2 )
=	-1 * -16	/	1063
=	1.51 %

where

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	134	+	1700
=	1834

	Total Debt (A: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	292	+	0
=	292

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -20	/	( (1700	+	292)	/ 2 )
=	-1 * -20	/	996
=	2.01 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1700
=	1700

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	292	+	0
=	292

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

AIT (TSE:9381) Effective Interest Rate on Debt % Explanation

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

AIT Effective Interest Rate on Debt % Related Terms

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AIT (TSE:9381) Business Description

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Address

15 Floor, Sakaisuji-Honmachi-Center Building, 2-1-6 Honmachi, Chuo-ku, Osaka, JPN, 541-0053

Website

http://www.ait-jp.com

AIT Corp is a Japan-based integrated logistics company. It is engaged in the delivery and cargo services. The services offered by the company include freight forwarding through marine, air, motor truck, railroad, and coastal transport. AIT also offers airfreight agency, customs clearance, warehousing, ship brokerage, import, and export agency, and nonlife insurance services. The company has network operations in Taiwan, Vietnam, Indonesia, Malaysia, Korea, Myanmar, Cambodia, Singapore, Philippine, Bangladesh, India, Sri Lanka, Pakistan, Australia, and Canada.

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