Meiji Machine Co (TSE:6334) Effective Interest Rate on Debt % : 0.65% (As of Dec. 2023)

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What is Meiji Machine 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. Meiji Machine Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円11 Mil. Meiji Machine Co's average total debt for the quarter that ended in Dec. 2023 was 円1,677 Mil. Therefore, Meiji Machine Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.65%.

Meiji Machine Co Effective Interest Rate on Debt % Historical Data

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

Meiji Machine Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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0.56

0.67

0.61

0.60

0.56

Meiji Machine 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															0.61	0.59	0.64	0.62	0.65

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

For the Specialty Industrial Machinery subindustry, Meiji Machine 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.

Meiji Machine Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Meiji Machine Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Meiji Machine Co Effective Interest Rate on Debt % Calculation

Meiji Machine 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 * -12.664	/	( (2655.683	+	1851.587)	/ 2 )
=	-1 * -12.664	/	2253.635
=	0.56 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	322.67	+	2333.013
=	2655.683

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	767.057	+	1084.53
=	1851.587

Meiji Machine 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 * -10.984	/	( (1693.253	+	1660.839)	/ 2 )
=	-1 * -10.984	/	1677.046
=	0.65 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	654.365	+	1038.888
=	1693.253

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	662.767	+	998.072
=	1660.839

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.

Meiji Machine Co (TSE:6334) Effective Interest Rate on Debt % Explanation

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

Meiji Machine Co Effective Interest Rate on Debt % Related Terms

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Meiji Machine Co (TSE:6334) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Meiji Machine Co Ltd (TSE:6334) » Definitions » Effective Interest Rate on Debt %

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Address

2-2-22 Kanda Ta-cho, Chiyoda-ku, Tokyo, JPN, 101-0046

Website

http://www.meiji-kikai.co.jp

Meiji Machine Co Ltd is engaged in the manufacture and sale of the flour milling machines, including flour rolling machines, shifters, separators and purifiers, as well as rollers; the mixed feed machines, including feed rolling machines, pellet and flake machines, silos and conveying equipment, as well as other industrial machinery, including various grinding rolling machines, hammer mills and other.

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