MIRAIT One (TSE:1417) Effective Interest Rate on Debt % : 0.50% (As of Dec. 2023)

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What is MIRAIT One 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. MIRAIT One's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円396 Mil. MIRAIT One's average total debt for the quarter that ended in Dec. 2023 was 円79,666 Mil. Therefore, MIRAIT One's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.50%.

MIRAIT One Effective Interest Rate on Debt % Historical Data

The historical data trend for MIRAIT One'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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MIRAIT One Effective Interest Rate on Debt % Chart

MIRAIT One Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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0.19

0.25

0.11

0.30

0.23

MIRAIT One 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															0.36	0.28	0.24	0.50	0.17

Competitive Comparison of MIRAIT One's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, MIRAIT One'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.

MIRAIT One's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, MIRAIT One's Effective Interest Rate on Debt % distribution charts can be found below:

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

MIRAIT One Effective Interest Rate on Debt % Calculation

MIRAIT One'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 * -208	/	( (61111	+	117092)	/ 2 )
=	-1 * -208	/	89101.5
=	0.23 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36301	+	24810
=	61111

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38405	+	78687
=	117092

MIRAIT One'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 * -396	/	( (41438	+	117893)	/ 2 )
=	-1 * -396	/	79665.5
=	0.50 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35474	+	5964
=	41438

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37438	+	80455
=	117893

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.

MIRAIT One (TSE:1417) Effective Interest Rate on Debt % Explanation

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

MIRAIT One Effective Interest Rate on Debt % Related Terms

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MIRAIT One (TSE:1417) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MIRAIT One Corp (TSE:1417) » Definitions » Effective Interest Rate on Debt %

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Address

5-6-36 Toyosu, Koto-ku, Tokyo, JPN, 135-8111

Website

https://www.mirait-one.com

MIRAIT One Corp is engaged in building and maintaining various social infrastructures including communication infrastructures. It is also involved in projects that contribute to local town and community development, as well as corporate DX and GX. It also engages in the construction and sales of solar power generation facilities; provides high-quality software and DX through virtualization; construction of broadband networks and ICT systems among others.

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