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Thinca Co (TSE:149A) Effective Interest Rate on Debt % : 1.43% (As of Mar. 2024)


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What is Thinca 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. Thinca Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円0.3 Mil. Thinca Co's average total debt for the quarter that ended in Mar. 2024 was 円23.7 Mil. Therefore, Thinca Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.43%.

Thinca Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Thinca 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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Thinca Co Effective Interest Rate on Debt % Chart

Thinca Co Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
1.74 1.50 1.44

Thinca Co Quarterly Data
Dec21 Dec22 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % - - - 1.44 1.43

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

For the Software - Application subindustry, Thinca 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.

Thinca Co's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Thinca Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


Thinca Co Effective Interest Rate on Debt % Calculation

Thinca 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  *  -0.421/( (34.535+23.975)/ 2 )
=-1  *  -0.421/29.255
=1.44 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.213 + 4.322
=34.535

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21.875 + 2.1
=23.975

Thinca Co'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  *  -0.34/( (23.975+23.45)/ 2 )
=-1  *  -0.34/23.7125
=1.43 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21.875 + 2.1
=23.975

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21.35 + 2.1
=23.45

* 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.

Thinca Co  (TSE:149A) Effective Interest Rate on Debt % Explanation

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

Thinca Co Effective Interest Rate on Debt % Related Terms

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Thinca Co (TSE:149A) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinca Co Ltd (TSE:149A) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
N/A
Address
3-3 Kanda-Nishiki-cho, Chiyoda-ku, Tokyo, JPN, 101-0054
Website
Thinca Co Ltd is engaged in development and distribution of communication platform "KAICLOUD", and other related business.

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