Kanto Denka Kogyo Co (TSE:4047) Effective Interest Rate on Debt % : 1.13% (As of Dec. 2023)

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What is Kanto Denka Kogyo 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. Kanto Denka Kogyo Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円432 Mil. Kanto Denka Kogyo Co's average total debt for the quarter that ended in Dec. 2023 was 円38,065 Mil. Therefore, Kanto Denka Kogyo Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.13%.

Kanto Denka Kogyo Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Kanto Denka Kogyo 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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Kanto Denka Kogyo Co Effective Interest Rate on Debt % Chart

Kanto Denka Kogyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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0.70

0.82

0.84

1.08

0.93

Kanto Denka Kogyo Co 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															0.57	0.90	0.84	1.99	1.13

Competitive Comparison of Kanto Denka Kogyo Co's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Kanto Denka Kogyo 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.

Kanto Denka Kogyo Co's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

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

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

Kanto Denka Kogyo Co Effective Interest Rate on Debt % Calculation

Kanto Denka Kogyo Co'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 * -318	/	( (30910	+	37791)	/ 2 )
=	-1 * -318	/	34350.5
=	0.93 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20724	+	10186
=	30910

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26226	+	11565
=	37791

Kanto Denka Kogyo Co'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 * -432	/	( (33851	+	42278)	/ 2 )
=	-1 * -432	/	38064.5
=	1.13 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21202	+	12649
=	33851

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29027	+	13251
=	42278

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.

Kanto Denka Kogyo Co (TSE:4047) Effective Interest Rate on Debt % Explanation

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

Kanto Denka Kogyo Co Effective Interest Rate on Debt % Related Terms

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Kanto Denka Kogyo Co (TSE:4047) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kanto Denka Kogyo Co Ltd (TSE:4047) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

2-3-2 Marunouchi, Chiyoda-ku, Yusen Building, Tokyo, JPN, 100-0005

Website

http://www.kantodenka.co.jp

Kanto Denka Kogyo Co Ltd is a Japan-based company, engages in the production of a chemical product. It operates through Fundamental Chemicals and Fine Chemicals divisions. The Fundamental Chemicals offers caustic soda, hydrochloric acid, sodium hypochlorite, aluminum chloride, trichloroethylene, perchloroethylene, vinylidene chloride, cyclohexanol. The Fine Chemicals division offers reprographics carriers, magnetite, sulfur hexafluoride, carbon tetrafluoride, trifluoromethane, hexafluoroethane, nitrogen trifluoride, among others.

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