Asahi Kasei (Asahi Kasei) Effective Interest Rate on Debt % : 0.62% (As of Dec. 2023)

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What is Asahi Kasei 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. Asahi Kasei's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $44 Mil. Asahi Kasei's average total debt for the quarter that ended in Dec. 2023 was $7,021 Mil. Therefore, Asahi Kasei's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.62%.

Asahi Kasei Effective Interest Rate on Debt % Historical Data

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

Asahi Kasei Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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1.18

0.72

0.47

0.49

0.64

Asahi Kasei 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															0.60	0.91	0.57	0.68	0.62

Competitive Comparison of Asahi Kasei's Effective Interest Rate on Debt %

For the Chemicals subindustry, Asahi Kasei'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.

Asahi Kasei's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Asahi Kasei's Effective Interest Rate on Debt % distribution charts can be found below:

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

Asahi Kasei Effective Interest Rate on Debt % Calculation

Asahi Kasei's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -44.193	/	( (6554.496	+	7292.508)	/ 2 )
=	-1 * -44.193	/	6923.502
=	0.64 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3563.074	+	2991.422
=	6554.496

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4548.335	+	2744.173
=	7292.508

Asahi Kasei'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 * -43.532	/	( (6558.064	+	7483.148)	/ 2 )
=	-1 * -43.532	/	7020.606
=	0.62 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4261.896	+	2296.168
=	6558.064

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4708.542	+	2774.606
=	7483.148

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.

Asahi Kasei (OTCPK:AHKSY) Effective Interest Rate on Debt % Explanation

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

Asahi Kasei Effective Interest Rate on Debt % Related Terms

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Asahi Kasei (Asahi Kasei) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Asahi Kasei Corp (OTCPK:AHKSY) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

AHKSF:USA 3407:Japan ASAA:Germany

Address

1-105 Kanda Jinbocho, Chiyoda-ku, Tokyo, JPN, 101-8101

Website

http://www.asahi-kasei.co.jp

Asahi Kasei Corp is a holding company that, through its subsidiaries, sells a variety of products and services. The firm is organized into four segments based on product or service. The chemicals and fibers segment, which generates the most revenue of any segment, sells ammonia-based products including plastic compounds and cellulose fiber. The homes and construction segment builds residential houses and sells thermal insulation. The electronics segment sells components for mobile phones including electronic compasses and lithium-ion battery separators. The healthcare segment sells medical devices including blood purification, blood transfusion, and bioprocess products. The majority of revenue comes from Japan.

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