Optoelectronics Co (TSE:6664) Effective Interest Rate on Debt % : 0.65% (As of Feb. 2024)

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What is Optoelectronics 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. Optoelectronics Co's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was 円51 Mil. Optoelectronics Co's average total debt for the quarter that ended in Feb. 2024 was 円7,848 Mil. Therefore, Optoelectronics Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.65%.

Optoelectronics Co Effective Interest Rate on Debt % Historical Data

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

Optoelectronics Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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0.23

0.30

0.61

0.64

0.61

Optoelectronics Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.51	0.69	0.58	0.57	0.65

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

For the Scientific & Technical Instruments subindustry, Optoelectronics 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.

Optoelectronics Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

Optoelectronics Co Effective Interest Rate on Debt % Calculation

Optoelectronics Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -43.847	/	( (6556.235	+	7853.709)	/ 2 )
=	-1 * -43.847	/	7204.972
=	0.61 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3984.941	+	2571.294
=	6556.235

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5123.384	+	2730.325
=	7853.709

Optoelectronics Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -50.776	/	( (7853.709	+	7842.093)	/ 2 )
=	-1 * -50.776	/	7847.901
=	0.65 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5123.384	+	2730.325
=	7853.709

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5158.422	+	2683.671
=	7842.093

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 (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Optoelectronics Co (TSE:6664) Effective Interest Rate on Debt % Explanation

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

Optoelectronics Co Effective Interest Rate on Debt % Related Terms

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Optoelectronics Co (TSE:6664) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Optoelectronics Co Ltd (TSE:6664) » Definitions » Effective Interest Rate on Debt %

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Address

Number 12-17, Tsukagoshi Tsukagoe, Saitama, JPN, 335-0002

Website

http://www.opto.co.jp

Optoelectronics Co Ltd is engaged in developing, manufacturing, and selling automatic recognition devices in Japan, the United States, and Europe. The company offers modules, handy scanners, data collectors, handy terminals, smartphone handy terminals, desktop and stationary scanners, and electronic shelf label systems, as well as laser/CCD type barcode and imager scanners.

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