Yokohama Rubber Co (Yokohama Rubber Co) Effective Interest Rate on Debt % : 1.93% (As of Dec. 2023)

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What is Yokohama Rubber 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. Yokohama Rubber Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $66 Mil. Yokohama Rubber Co's average total debt for the quarter that ended in Dec. 2023 was $3,425 Mil. Therefore, Yokohama Rubber Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.93%.

Yokohama Rubber Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Yokohama Rubber 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.

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Yokohama Rubber Co Effective Interest Rate on Debt % Chart

Yokohama Rubber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.63

2.57

3.12

3.37

1.97

Yokohama Rubber Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.75	3.09	1.46	1.44	1.93

Competitive Comparison of Yokohama Rubber Co's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Yokohama Rubber 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.

Yokohama Rubber Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

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

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

Yokohama Rubber Co Effective Interest Rate on Debt % Calculation

Yokohama Rubber Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -49.59	/	( (1769.272	+	3259.836)	/ 2 )
=	-1 * -49.59	/	2514.554
=	1.97 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	898.5	+	870.772
=	1769.272

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2592.146	+	667.69
=	3259.836

Yokohama Rubber 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 * -65.98	/	( (3590.977	+	3259.836)	/ 2 )
=	-1 * -65.98	/	3425.4065
=	1.93 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2651.662	+	939.315
=	3590.977

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2592.146	+	667.69
=	3259.836

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.

Yokohama Rubber Co (OTCPK:YORUF) Effective Interest Rate on Debt % Explanation

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

Yokohama Rubber Co Effective Interest Rate on Debt % Related Terms

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Yokohama Rubber Co (Yokohama Rubber Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Yokohama Rubber Co Ltd (OTCPK:YORUF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

5101:Japan

Address

36-11, Shimbashi 5-chome, Minato-ku, Tokyo, JPN, 105-8685

Website

https://www.y-yokohama.com

Yokohama Rubber Co Ltd makes and sells rubber tires, wheels, and other components in two primary segments based on product type: The tires segment, which generates the majority of revenue, sells rubber tires and wheels for automobiles under the Yokohama and Advan brand names; the multiple businesses segment sells hose and couplings, conveyor belts, marine hoses, pneumatic genders, sealants and adhesives, aerospace components, and electronic materials. The majority of revenue comes from Japan.

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