Mitsubishi Materials (TSE:5711) Effective Interest Rate on Debt % : 1.26% (As of Dec. 2023)

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What is Mitsubishi Materials 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. Mitsubishi Materials's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円7,420 Mil. Mitsubishi Materials's average total debt for the quarter that ended in Dec. 2023 was 円589,092 Mil. Therefore, Mitsubishi Materials's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.26%.

Mitsubishi Materials Effective Interest Rate on Debt % Historical Data

The historical data trend for Mitsubishi Materials'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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Mitsubishi Materials Effective Interest Rate on Debt % Chart

Mitsubishi Materials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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0.93

0.75

0.89

1.05

1.37

Mitsubishi Materials 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															1.13	1.11	1.17	1.26	1.77

Competitive Comparison of Mitsubishi Materials's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Mitsubishi Materials'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.

Mitsubishi Materials's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mitsubishi Materials's Effective Interest Rate on Debt % distribution charts can be found below:

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

Mitsubishi Materials Effective Interest Rate on Debt % Calculation

Mitsubishi Materials'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 * -7766	/	( (533561	+	603163)	/ 2 )
=	-1 * -7766	/	568362
=	1.37 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	361589	+	171972
=	533561

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	395391	+	207772
=	603163

Mitsubishi Materials'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 * -7420	/	( (575972	+	602211)	/ 2 )
=	-1 * -7420	/	589091.5
=	1.26 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	365156	+	210816
=	575972

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	383553	+	218658
=	602211

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.

Mitsubishi Materials (TSE:5711) Effective Interest Rate on Debt % Explanation

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

Mitsubishi Materials Effective Interest Rate on Debt % Related Terms

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Mitsubishi Materials (TSE:5711) Business Description

Industry

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MUJ:Germany

Address

3-2, Otemachi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8117

Website

http://www.mmc.co.jp/corporate/ja/index.html

Mitsubishi Materials Corp has operations across thirty countries and multiple divisions, including cement, metals, advanced materials and tools, electronic materials and components, and aluminum. The metals division, which accounts for roughly half of group revenue, is engaged in copper mine development, smelting, and processing, along with the production and sales of precious metals. The cement business is the group's second- largest division, engaged in the production and sale of Portland cement, ready-mixed concrete, and other cement-related products. The aluminum division manufactures aluminum beverage cans, rolled aluminum products, and processed products.

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