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Monex Group (Monex Group) Effective Interest Rate on Debt % : 10.29% (As of Mar. 2024)


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What is Monex 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. Monex Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $66.3 Mil. Monex Group's average total debt for the quarter that ended in Mar. 2024 was $644.4 Mil. Therefore, Monex Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.29%.

Monex Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Monex 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.

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Monex Group Effective Interest Rate on Debt % Chart

Monex 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 2.08 1.44 1.27 1.30 2.85

Monex 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 0.16 1.91 2.06 1.30 10.29

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

For the Capital Markets subindustry, Monex 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.

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

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

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


Monex Group Effective Interest Rate on Debt % Calculation

Monex 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  *  -53.772/( (3110.097+668.548)/ 2 )
=-1  *  -53.772/1889.3225
=2.85 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3110.097 + 0
=3110.097

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=668.548 + 0
=668.548

Monex Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -66.292/( (620.246+668.548)/ 2 )
=-1  *  -66.292/644.397
=10.29 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=620.246 + 0
=620.246

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=668.548 + 0
=668.548

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Monex Group  (OTCPK:MNXBF) Effective Interest Rate on Debt % Explanation

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

Monex Group Effective Interest Rate on Debt % Related Terms

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Monex Group (Monex Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Monex Group Inc (OTCPK:MNXBF) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
TSE:9552 TSE:8628 TSE:8609 TSE:8616 TSE:2127 TSE:6080 TSE:7177 TSE:6196 TSE:8613 TSE:8708 MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW HKSE:03908
Traded in Other Exchanges
8698:Japan NNL:Germany
Address
2-4-1, Kojimachi, Chiyoda-ku, Tokyo, JPN, 102-0083
Website
http://www.monexgroup.jp
Monex Group Inc is functional in the financial services domain of Japan. Its core business is that of securities trading. Operating in the capital markets industry, the company renders such services as online securities business, the foreign exchange (FX) trading business, as well as the provision of merger and acquisition (M&A) advisory services. Most of its revenue is in the form of brokerage derived from its capital market activities majorly in Japan and on a minor scale in the United States and China.