GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Daiwa Securities Group Inc (OTCPK:DSEEY) » Definitions » Effective Interest Rate on Debt %

Daiwa Securities Group (Daiwa Securities Group) Effective Interest Rate on Debt % : 3.31% (As of Dec. 2023)


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

What is Daiwa Securities Group 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. Daiwa Securities Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $3,952 Mil. Daiwa Securities Group's average total debt for the quarter that ended in Dec. 2023 was $119,370 Mil. Therefore, Daiwa Securities Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.31%.


Daiwa Securities Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Daiwa Securities Group'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.

Daiwa Securities Group Effective Interest Rate on Debt % Chart

Daiwa Securities Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.96 0.44 0.32 1.81 3.36

Daiwa Securities Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.98 3.08 3.09 3.31 3.19

Competitive Comparison of Daiwa Securities Group's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Daiwa Securities Group'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.


Daiwa Securities Group's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Daiwa Securities Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



Daiwa Securities Group Effective Interest Rate on Debt % Calculation

Daiwa Securities Group'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  *  -3523.414/( (97111.293+112594.291)/ 2 )
=-1  *  -3523.414/104852.792
=3.36 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=97111.293 + 0
=97111.293

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=112594.291 + 0
=112594.291

Daiwa Securities Group'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  *  -3952.064/( (117052.372+121687.085)/ 2 )
=-1  *  -3952.064/119369.7285
=3.31 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=117052.372 + 0
=117052.372

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=121687.085 + 0
=121687.085

* 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 four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Daiwa Securities Group  (OTCPK:DSEEY) Effective Interest Rate on Debt % Explanation

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


Daiwa Securities Group Effective Interest Rate on Debt % Related Terms

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


Daiwa Securities Group (Daiwa Securities Group) Business Description

Traded in Other Exchanges
Address
GranTokyo North Tower, 9-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-6751
Together with industry leader Nomura, Daiwa Securities is one of two large independent securities firms in Japan. Like Nomura, it competes with brokerage units of the megabanks and smaller independent firms in Japan, but unlike Nomura it does not have aspiration to compete globally with the major U.S. and European investment banks and focuses on Japan-related business only. Daiwa moved its global wholesale business to a joint venture with Sumitomo Bank in 1999, but the venture met only mixed success and Daiwa ultimately bought out Sumitomo Mitsui Financial Group's 40% interest in the venture in 2009 after SMFG opportunistically purchased Nikko Securities (now SMBC Nikko, a rival of Daiwa) from Citigroup.

Daiwa Securities Group (Daiwa Securities Group) Headlines

From GuruFocus

Oakmark Global Select Fund - First Quarter 2014 Commentary

By Holly LaFon Holly LaFon 04-14-2014

David Herro Comments on Daiwa Securities Group

By Holly LaFon 01-09-2014

Third Avenue Management Comments on Daiwa Securities

By Holly LaFon Holly LaFon 07-01-2013

David Herro Comments on Daiwa Securities

By Holly LaFon 04-23-2013