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Toyo Seikan Group Holdings (FRA:TQN) Effective Interest Rate on Debt % : 1.55% (As of Dec. 2023)


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What is Toyo Seikan Group Holdings 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. Toyo Seikan Group Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €21 Mil. Toyo Seikan Group Holdings's average total debt for the quarter that ended in Dec. 2023 was €1,345 Mil. Therefore, Toyo Seikan Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.55%.


Toyo Seikan Group Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Toyo Seikan Group Holdings'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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Toyo Seikan Group Holdings Effective Interest Rate on Debt % Chart

Toyo Seikan Group Holdings 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 0.95 0.70 0.67 0.94 1.79

Toyo Seikan Group Holdings 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 1.34 1.20 1.93 1.55 2.20

Competitive Comparison of Toyo Seikan Group Holdings's Effective Interest Rate on Debt %

For the Packaging & Containers subindustry, Toyo Seikan Group Holdings'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.


Toyo Seikan Group Holdings's Effective Interest Rate on Debt % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Toyo Seikan Group Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Toyo Seikan Group Holdings's Effective Interest Rate on Debt % falls into.



Toyo Seikan Group Holdings Effective Interest Rate on Debt % Calculation

Toyo Seikan Group Holdings'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  *  -21.585/( (1253.153+1164.122)/ 2 )
=-1  *  -21.585/1208.6375
=1.79 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=873.66 + 379.493
=1253.153

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=818.717 + 345.405
=1164.122

Toyo Seikan Group Holdings'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  *  -20.788/( (1311.451+1379.205)/ 2 )
=-1  *  -20.788/1345.328
=1.55 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=777.492 + 533.959
=1311.451

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=839.195 + 540.01
=1379.205

* 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.


Toyo Seikan Group Holdings  (FRA:TQN) Effective Interest Rate on Debt % Explanation

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


Toyo Seikan Group Holdings Effective Interest Rate on Debt % Related Terms

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Toyo Seikan Group Holdings (FRA:TQN) Business Description

Traded in Other Exchanges
Address
2-18-1 Higashi-Gotanda, Osaki Forest Building, Shinagawa-ku, Tokyo, JPN, 141-8640
Toyo Seikan Group Holdings is a holding company that, through its subsidiaries, manufactures and sells packaging, steel plates, functional materials, and packaging machinery. The company also has a logistics business that engages in motor truck transportation and warehouse operations, as well as a real estate business. The vast majority of revenue comes from the firm's packaging business, which sells metal cans, plastic containers, caps, bottles, paper containers, and aerosol products. The packaging business also sells equipment that shapes and manufactures packaging products. The vast majority of revenue comes from Japan.

Toyo Seikan Group Holdings (FRA:TQN) Headlines

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