Kobe Steel (NGO:5406) Effective Interest Rate on Debt % : 1.67% (As of Dec. 2023)

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What is Kobe Steel 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. Kobe Steel's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円14,652 Mil. Kobe Steel's average total debt for the quarter that ended in Dec. 2023 was 円874,783 Mil. Therefore, Kobe Steel's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.67%.

Kobe Steel Effective Interest Rate on Debt % Historical Data

The historical data trend for Kobe Steel'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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Kobe Steel Effective Interest Rate on Debt % Chart

Kobe Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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1.22

1.09

1.17

1.32

1.43

Kobe Steel 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															1.50	1.54	1.55	1.69	1.67

Competitive Comparison of Kobe Steel's Effective Interest Rate on Debt %

For the Steel subindustry, Kobe Steel'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.

Kobe Steel's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kobe Steel's Effective Interest Rate on Debt % distribution charts can be found below:

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

Kobe Steel Effective Interest Rate on Debt % Calculation

Kobe Steel'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 * -13343	/	( (959868	+	907053)	/ 2 )
=	-1 * -13343	/	933460.5
=	1.43 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	847453	+	112415
=	959868

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	736937	+	170116
=	907053

Kobe Steel'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 * -14652	/	( (859672	+	889893)	/ 2 )
=	-1 * -14652	/	874782.5
=	1.67 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	711282	+	148390
=	859672

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	728872	+	161021
=	889893

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.

Kobe Steel (NGO:5406) Effective Interest Rate on Debt % Explanation

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

Kobe Steel Effective Interest Rate on Debt % Related Terms

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Kobe Steel (NGO:5406) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kobe Steel Ltd (NGO:5406) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

KBSTF:USA 5406:Japan KST:Germany

Address

2-4, Wakinohama-Kaigandori 2-chome, Chuo-ku, Kobe, Hyogo, JPN, 651-8585

Website

http://www.kobelco.co.jp

Kobe Steel Ltd is a Japan-based company that is primarily engaged in iron and steel, aluminum and copper, construction machinery, nonconstruction machinery, and engineering businesses. Its iron and steel business involves production of steel products, steel casting and forging, and manufacturing of titanium and steel powder. Its aluminum and copper segment manufactures aluminum and copper products. Its construction machinery segment develops and manufactures construction equipment. The nonconstruction machinery segment offers industrial machinery, compressors and equipment for the nuclear and other energy industries. The engineering segment provides solutions to plants, power stations, and water treatment companies. Japan and China account for the majority of the company's revenue.

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