Toho Gas Co (TSE:9533) Effective Interest Rate on Debt % : 0.68% (As of Dec. 2023)

View and export this data going back to 1949. Start your Free Trial

What is Toho Gas 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. Toho Gas Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円820 Mil. Toho Gas Co's average total debt for the quarter that ended in Dec. 2023 was 円119,805 Mil. Therefore, Toho Gas Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.68%.

Toho Gas Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Toho Gas 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.

* Premium members only.

Toho Gas Co Effective Interest Rate on Debt % Chart

Toho Gas Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

0.73

0.63

0.64

0.87

0.68

Toho Gas 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															0.81	0.68	0.72	0.68	0.71

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

For the Utilities - Regulated Gas subindustry, Toho Gas 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.

Toho Gas Co's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Toho Gas Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Toho Gas Co Effective Interest Rate on Debt % Calculation

Toho Gas 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 * -842	/	( (118142	+	129871)	/ 2 )
=	-1 * -842	/	124006.5
=	0.68 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	115462	+	2680
=	118142

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	127783	+	2088
=	129871

Toho Gas 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 * -820	/	( (119671	+	119938)	/ 2 )
=	-1 * -820	/	119804.5
=	0.68 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	117191	+	2480
=	119671

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	117508	+	2430
=	119938

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.

Toho Gas Co (TSE:9533) Effective Interest Rate on Debt % Explanation

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

Toho Gas Co Effective Interest Rate on Debt % Related Terms

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

Toho Gas Co (TSE:9533) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Toho Gas Co Ltd (TSE:9533) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

59W:Germany

Address

19-18,Sakurada-cho, Atsuta-ku, Nagoya, JPN, 456-8511

Website

https://www.tohogas.co.jp

Toho Gas Co Ltd is a Japanese natural gas provider operating in the Tokai region of the Japanese island of Honshu. Toho Gas is mainly involved in the supply and distribution of natural gas and liquefied petroleum gas, or LPG, to urban areas within Tokai. The company segments its operations into Gas Sales, Gas Appliance Sales and Related Construction, and LPG and Other Energies business units. Toho Gas's Gas Sales division derives the vast majority of the company's total revenue from the sale and supply of natural gas to the many manufacturing plants and industrial customers that inhabit its home region. The company's sales of LPG and thermal energy to mainly industrial consumers also represent a significant revenue stream. Toho Gas is one of the largest city gas providers in Japan.

Toho Gas Co (TSE:9533) Headlines

No Headlines