Sodick Co (Sodick Co) Effective Interest Rate on Debt % : 0.99% (As of Dec. 2023)

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What is Sodick 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. Sodick Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $2.5 Mil. Sodick Co's average total debt for the quarter that ended in Dec. 2023 was $248.7 Mil. Therefore, Sodick Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.99%.

Sodick Co Effective Interest Rate on Debt % Historical Data

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

Sodick Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.74

0.73

0.83

0.84

0.91

Sodick 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															0.94	0.86	0.92	0.89	0.99

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

For the Specialty Industrial Machinery subindustry, Sodick 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.

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

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

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

Sodick Co Effective Interest Rate on Debt % Calculation

Sodick 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 * -2.202	/	( (232.28	+	249.775)	/ 2 )
=	-1 * -2.202	/	241.0275
=	0.91 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	157.144	+	75.136
=	232.28

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	167.584	+	82.191
=	249.775

Sodick 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 * -2.472	/	( (247.604	+	249.775)	/ 2 )
=	-1 * -2.472	/	248.6895
=	0.99 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	169.813	+	77.791
=	247.604

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	167.584	+	82.191
=	249.775

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.

Sodick Co (OTCPK:SDCKF) Effective Interest Rate on Debt % Explanation

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

Sodick Co Effective Interest Rate on Debt % Related Terms

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Sodick Co (Sodick Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sodick Co Ltd (OTCPK:SDCKF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

6143:Japan

Address

3-12-1 Nakamachidai, Tsuzuki-ku, Yokohama, Kanagawa, JPN, 224-8522

Website

http://www.sodick.co.jp

Sodick Co Ltd is the manufacturer of electrical discharge machines (EDM). The company operates through three segments namely Machine tools operations, Industrial machinery operations, and Food processing machinery operations. It offers various machine tools products such as die-sinker, wire-cut, and small-hole drilling EDMs, horizontal injection molding machine, noodle producing the machine, powder mill, linear motor and linear motor drivers and many more.

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